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Summary
- A large-cap FTSE 100 share has vastly outperformed the benchmark index returning more than 100 per cent in 2020
- The stock has massive uptick from the bottoms recognised during the pandemic-led stock market crash
The present calendar year has been the most unfavourable stretch for equities, as well as financial markets in the last one decade. The huge spike in the volatility levels and the persisting uncertainty on the back of coronavirus pandemic has distressed the functioning of businesses and asset classes. The headline stock indices in the United Kingdom have recognised a cumulative gain in the current quarter on the hopes of a sooner-than-expected recovery after the drug regulator gave a go-ahead on the emergency usage of the Pfizer-BioNTech developed Covid-19 vaccine.
But, even after successive sessions of upswing, most of the small-to-large-cap stocks are still hovering near their 52-week lows. The benchmark FTSE 100 has shed approximately 15 per cent on a year-to-date (YTD) scale which clearly implies that the massive plunge during the pandemic-led stock market rout has not been fully recovered so far with only six trading sessions left in 2020.
The present market capitalisation leaders on the London Stock Exchange including Unilever Plc (LON: ULVR), AstraZeneca Plc (LON: AZN), and HSBC Holdings Plc (LON: HSBA) are hovering in the negative territory on a YTD basis with a negative 1-year return of (1.32 per cent), (2.20 per cent) and (35.60 per cent), respectively.
Money doubled in 2020!
Exceptionally, there is a large-cap FTSE stock that has returned 100 per cent, effectively doubling the shareholders’ wealth in the present year. Shares of Scottish Mortgage Investment Trust Plc (LON: SMT), the Edinburgh-headquartered investment firm, have returned a little more than 100 per cent in the nearly 12-month stretch so far. With a return of over 100 per cent, the stock of Scottish Mortgage has topped all the constituents of the FTSE 100 index outperforming all the shares, as well as the index.
According to the historical data available with the London Stock Exchange, the stock of Scottish Mortgage has rallied as much as 102.42 per cent in the last 12 months to GBX 1,172 (21 December) from a share price level of GBX 579 a piece as on the closing basis on 31 December 2019. As per the Monday’s close, Scottish Mortgage commands a market capitalisation of nearly £17,000 million.
Scottish Mortgage Investment Trust Plc shares (1-year performance)
(Source: EODHD/Others, Thomson Reuters)
Scottish Mortgage shares have largely risen after the major fall realised during the February-March period when the stock nearly collapsed 29 per cent to a yearly closing low of GBX 468.40 (18 March) in just a month from the market price of GBX 659 as on 19 February 2020. The stock has recently touched a lifetime high of GBX 1,208.92.
Up until 18 December, the stock of Scottish Mortgage has risen as much as 327.50 per cent in the past five years. In the meantime, the heavyweight index FTSE 100 has managed to gain close to 4.50 per cent.
Disclaimer: The stock/s discussed in the report shouldn’t be treated as a recommendation. The stated facts don’t reflect Kalkine’s viewpoint.
