Food & leisure the strongest performers over Christmas and the New Year

11 January 2013

  • Halifax Share Dealing surveys investors to establish what impacts their investment strategies and where they are investing

In the run up to Christmas, investors were banking on consumers to eat, drink, and spend money during the festive season, as they highlighted food & leisure as the sectors expected to perform the strongest over Christmas period and the New Year sales.

The latest Halifax Share Dealing Market Tracker reports the majority of investors were anticipating a strong end to the year for food and leisure (54.5%) – which includes the supermarket and drinks industries – well ahead of both retail (44.5%) and technology (39.7%).

Data from the British Retail Consortium bears these predictions out as its figures show UK retail sales values were up just 0.3% on a like-for-like basis from December 2011 .

Damian Stansfield, Halifax Share Dealing, comments:
“Some retailers – especially online – have reported strong figures over the festive period, but it has been a mixed bag and investors believe the biggest winners will be the food and leisure industry. Consumer services and consumer and retail products are popular sectors for investors around Christmas, but this year investors thought they would be topped by the performance of food and leisure."

Investors backing financial services
Seasonal factors may also explain why energy and mining stocks slipped off the top spot as the most popular holding for investors in the run up to Christmas. This meant financial services ended the year as the top holding among investors, with more than two-thirds (67.9%) of investors invested in here in December.

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