je.st
news
Home
› Last week in telecoms: record performance with telecom index closing in on its benchmark, and BT makes a leap
Last week in telecoms: record performance with telecom index closing in on its benchmark, and BT makes a leap
2018-11-05 07:00:00| Telecompaper Headlines
(Telecompaper) Last week was the the year's best so far for the European telecoms sector. Our index was up 4.0 percent, outperforming the EuroStoxx 50 index (+2.5%) and reversing much of the previous week's losses. The year-to-date performance of our index (-11%) and its benchmark (-8.3%) have come closer together. There was a record number of eights stocks making double digit gains. Earnings reports were generally welcomed, except those coming out of the satellite sector. BT made a 15 percent jump on regulatory developments. The western and southern European players faired quite well, with just two exceptions.
Tags: index
week
makes
performance
Category:Telecommunications