FJH Group

4 results about this entity

Period: 11 May 2007 - 15 Oct 2007

Financial technology stocks rally, led by Morningstar and Vasco

The Finextra50 Financial Technology index closed last week at 103.52, increasing just slightly after posting a 4.71% rise the previous week. Morningstar and Vasco Data Security were the biggest gainers, rising 20% and 19% respectively over the past two weeks.

Finextra50 rises to 102.46

Despite the closure of the US markets for the Independence Day holiday, the Finextra50 Financial Technology Index rose a healthy 1.63% last week to close at 102.46.

Finextra50 rises to 101.67

Last week saw steady gains among the majority of Finextra50 stocks as the index rose 1.87% to 101.67. The recovery of European markets after the previous week's drop contributed to the rise. Simcorp, Temenos and Cognizant saw the biggest gains while shares in Microgen and Fidessa fell. Comparison of the Finextra50 index performance since the start of May against key global indices shows the financial technology sector outperforming the S&P1200 Global Financial Sector index and matching the FTSE 100 and FTSE Euro 100.

Finextra launches Finextra50 fintech index

The Finextra50 Financial Technology Index is a free-float value weighted index of the world's leading companies that provide technology-based products and services to the financial services industry. It was set at an indexed value of 100 at market close on Friday 4th May 2007. Our weekly update on the index's movements will provide a framework for analysing trends in the financial technology market, particularly vendor consolidation - a trend that shows no sign of slowing down.