Trump/Putin summit, UnitedHealth and Japan’s GDP - what’s moving markets
LONDON - JP Jenkins, the UK’s largest venue for unlisted assets, reported its proprietary index of the 15 largest stocks rose to 1094.4, representing a nearly 3% gain from the previous calculation on July 4, according to a press release statement.
The index, which tracks performance of the venue’s largest stocks, saw gains driven primarily by brewer Powder Monkey, which has garnered positive media attention following recent acquisitions. Innovation Agritech was also highlighted as a notable riser during the period.
The July reweighting of the index introduced new fast-growth businesses into the calculation, contributing to the positive performance. The JP Jenkins index is market cap weighted with maximum weighting capped at 20%.
"The gains posted by constituent companies in July have been notable and it’s obviously rewarding to see our proprietary index ticking higher," said Veronika Oswald, Commercial Director at JP Jenkins.
The next calculation of the index will use closing prices from Friday, August 29, with the next quarterly reweighting scheduled for October.
JP Jenkins operates a platform for privately held and unlisted businesses seeking liquidity solutions for holders of their securities. The company utilizes technology from InfinitX that allows registered brokers and financial institutions to connect, execute and settle transactions through existing market infrastructures.
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