FTSE 250 loses £29bn in a quarter

Nearly £30bn has been wiped off the value of FTSE 250 stocks in the past quarter, with this the third quarter in a row that the overall value has fallen. The FTSE 250 – where firms tend to be more exposed to the strength of the British economy than those in the FTSE 100 – ended September 10% lower than at the start of the month. This marked the worst month for mid-cap companies since March 2020. Over the quarter, the index slipped by 8.1%, with the total value of its constituents down by £29bn. Jason Hollands, managing director of wealth manager Evelyn Partners, said: “It’s ugly out there,” adding: “Medium-sized and smaller UK companies, which have a greater exposure to the UK domestic economy, have been battered as the outlook has deteriorated.” Meanwhile, analysis shows that the FTSE 100 fell by 5.2% in September and by 3.7% over the quarter. Sterling’s general weakness has helped limit the index’s losses, with constituents making about three quarters of their money overseas.

 

The Sunday Times

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