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Summary
- FTSE 100 has surged a little over 18 per cent in the seven-and-half-month stretch to 5,906.18 (5 November) from a level of 4,993.89 as on 23 March
- Surprisingly, there are three FTSE 100 large-cap stocks that have gained more than 100 per cent from the bottoms made during March
UK stock markets have been largely recovering and regaining the positive footing along with the worldwide rehabilitation after the coronavirus pandemic hammered the equity markets in March this year. The benchmark FTSE 100 stock index has lost nearly 34 per cent of its value in the nearly three-month period from January to 23 March. The key index has recouped a portion of losses realised during the stock market bloodbath in March 2020.
Relatively, FTSE 100 has surged a little over 18 per cent in the seven-and-half-month stretch to 5,906.18 (5 November) from a level of 4,993.89 as on 23 March. Some of the FTSE 100 constituents have shown a remarkable performance in the trading sessions so far, while a few large-cap shares have not been able to recover the lost market capitalisation due to slower-than-expected recovery in the respective business sectors.
Surprisingly, there are three FTSE 100 large-cap stocks that have gained more than 100 per cent from the bottoms made during March. Inferentially, these three stocks have doubled the investors’ wealth in the last seven-and-half-month period.
Here are the FTSE 100 large-cap stocks that have returned over 100 per cent in 2020
1. Flutter Entertainment Plc (LON: FLTR)
Shares of Flutter Entertainment, the Dublin-headquartered sports betting and gaming operator, have registered a return of more than 150 per cent to date from the present year closing low.
The stock of Flutter Entertainment has rallied exactly 154 per cent to GBX 13,770 (5 November) from a share price level of GBX 5,421.17 as on 18 March this year. On 6 November, the stock has been trading nearly 1 per cent higher from the previous closing.
(Source: Thomson Reuters)
2. Fresnillo Plc (LON: FRES)
Shares of Fresnillo, the Mexico City-based metals mining firm, have grown nearly 150 per cent in the largely similar frame. Fresnillo share price has jumped as much as 145.16 per cent to GBX 1,292 from the yearly-closing low level of GBX 527 as on 16 March.
At the time of writing, on 6 November 2020 at 2.52 PM, the stock of Fresnillo was trading 1.74 per cent higher at GBX 1,314.50.
(Source: Thomson Reuters)
3. Scottish Mortgage Investment Trust Plc (LON: SMT)
Shares of Scottish Mortgage Investment Trust, the Edinburgh-headquartered investment trust, have also managed to post a return of more than 100 per cent, thereby, doubling the wealth of investors who bought the stock around the yearly-low prices. The stock of Scottish Mortgage Investment Trust has surged 130.57 per cent to GBX 1,080 from a share price level of GBX 468.40 as on 18 March. Meanwhile on 6 November, Scottish Mortgage shares had been trading 0.39 per cent lower at GBX 1,075.74.
(Source: Thomson Reuters)
With a return of more than 100 per cent that too within less than eight months is something rare, if not impossible, as far as the performance of large-cap stocks is concerned.
These stocks are well poised to close the present calendar year on a positive footing as they have vastly outperformed the benchmark index FTSE 100 so far in the year.
Following a further recovery in the business sentiments and a collective retrieval across the sectors, there could be a likelihood of added momentum in the share markets too, if one goes by the market experts.
As they have performed well, investors need to keep a close watch and may consider reviewing them in 2021 after undertaking a thorough company analysis.
