Figures Reveal That Channel Island Stocks Continue To Perform Well

by Amanda Banks, Tax-News.com, London

29 April 2002

According to stocbrokers in Jersey, Channel Island stocks are continuing to perform well, despite a relatively flat UK market.

Reporting on new figures released for the first quarter of this year, investment experts said that investors based in the Crown dependencies are once again benefiting from a rise in share prices, despite a slight slowing in the relative out performance of local companies' share prices at the end of 2001, and a wide range of movements during the first three months of this year.

Speaking to the Jersey Evening Post last week, Collins Stewart Analyst, Russell Wynn predicted that the situation was likely to change this year, however.

'The implication is that when the UK market eventually starts to recover, the out performance of the local companies will be harder to sustain,' he explained.

Meanwhile, opening a British Irish Council conference on the knowledge economy, Policy and Resources Committee chief Pierre Horsfall stressed that the continuing development of the Island's knowledge-based economy is 'absolutely crucial'.

In order to illustrate this point, Senator Horsfall pointed to the fact that the finance industry - which is the jewel in the jurisdiction's crown - is totally knowledge-based and information technology dependent.

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