Despite the gloomy economic conditions in SA and worldwide, most JSE-listed technology companies have had a whirlwind 12 months, with some share prices up by more than 50%.
An investment in a selection of the country’s top technology stocks would have returned a windfall over the past year, with AdaptIT, Pinnacle Technology Holdings and EOH turning in the strongest performances, up by 130,8%, 72,6% and 72,3% respectively.
The JSE all-share index has risen by 17% in the same period. Internationally, the tech-heavy Nasdaq composite index has climbed by 15% in the same period.
But these were by no means the only strong performers, with 15 of the 19 companies tracked for this comparison enjoying an increase in their share price in the past 12 months. TechCentral did not include companies with share prices below 100c as these tend to have outsized movements in their share prices.
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Surprisingly, it’s the biggest companies that have shown some of the strongest performances over the year. Media and technology group Naspers, for example, has grown its share price by 49,2% in the 12-month period; Reunert is up by 28,6%.
Telkom’s share price performed the worst of the 19 companies tracked, down by 42,2% year-on-year. Digicore and Altech were the second and third worst performers, holding up the bottom of the table with decreases in their share prices of 34,5% and 24,6% respectively. — (c) 2012 NewsCentral Media