The Asian market pulls out the FashionUnited Top 100 Index

Monday, 19 July 2010

It has been a tough session for the FashionUnited Top 100 Index as just nine companies out of a total of a hundred showed positive results. Three more kept their positions and the other 88 offered a negative performance. This blues supposed a final position for the Index of 988.49 points, with a fall of 4.14 points compared to the previous day 992.63 points.

Despite the economic uncertainty, several companies have recently reported increases in their quarterly results, including Adidas (up by 4%), Columbia Sportswear (up by 10%), Perry Ellis International (up by 0.1%), Timberland (up by 7%), and VF Corporation (up by 1%). Among those which recorded falls were Puma (down by 2%) and Quiksilver (down by 5%).

Given this grayish atmosphere in the international markets, were the two more swinging values of the last week, the UK based Next and Burberry Group, the ones suffering the largest losses, registering minus nine and minus three points respectively. Yesterday´s appeared to be a cursed session for the British market, with JD Sports descending 13 points and Wednesday´s star, the online retailer, losing 9.94 points. Puma AG keeps on falling down, with a decrease of 1.82 points. In the meanwhile, the German Thriumph carried on its path of loss, dropping 11 points. Also the British favorite retailer, Marks and Spencer, is cutting down its position, with a drop of 1.9 points and in the aftermath of the new CEO Marc Bolland arrival.

On the other hand and playing the main role in the ups of the day, there are shy increases on the behalf of Esprit Holdings, which reported a 0.34% more from the Hong Kong stock market, Billabong International, taking the wave of growth from Australia, and the largest Indian shirt maker, Bombay Rayon Fashions United, which gained 1.6 points.

Finally and making a non anymore surprising twist, Ted Baker rise 5.5 points, after two following days of negative outcomes. Other two Indian labels, the outlet manager Koutons, and Provogue India, went up with 0.85% increase the first and 2.02% the latter.

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