The GSP 100 Index has continued on an upward path, posting its fourth consecutive monthly increase and outpacing the broader market. The GSP 100 stood at 1156.3 on Dec. 6, up 2.6% for the 30-day period. The S&P 500 closed at 1,412.89, up 2.5%.
Advancing stocks outnumbered decliners, 21 to three. iGate closed at 6.64 on Dec. 6, up 12.4% for the 30-day period, followed by Wipro (16.03, up 11.2%), Teletech (22.9, up 10.7%), Satyam (23.96, up 10.1%) and Unisys (7.38, up 8.7%). Patni closed at 19.28, down 5.9%), followed by Bearingpoint (8.07, down 5.1%) and Automatic Data Processing (47.75, down 1.7%).
Satyam, the Indian software-services company, has been included in a global emerging-markets stock focus-list begun by Morgan Stanley. The emerging-market equity sector is driven by integration of emerging-market labor force into the global economy.
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TOP GAINERS |
Nov. 09, ‘06 |
| TICKER |
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COMPANY |
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% |
| IGTE |
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iGate |
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12.35 |
| WIT |
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Wipro |
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11.24 |
| TTEC |
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Teletech Holdings |
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10.74 |
| SAY |
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Satyam Computer Services |
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10.06 |
| UIS |
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Unisys |
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8.69 |
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TOP LOSERS |
Nov. 09, ‘06 |
V
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TICKER |
|
COMPANY |
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% |
| PTI |
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Patni Computer Systems |
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-5.86 |
| BE |
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Bearingpoint |
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-5.06 |
| ADP |
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Automatic Data Processing |
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-1.69 |
ABOUT THE INDEX
The only stock index of IT and business-services companies, GSP Index is a composite indicator of 25 stocks of global service vendors, selected by our editors, with the only precondition being a listing in the American stock markets. Visit our website www.globalservicesmedia.com to follow these stocks on an almost real-time basis and to get more information. We bring this in partnership with Financial Content, San Francisco, CA.
