Our Ubika Technology 20 Index of TSX tech stocks has climbed nearly 23% year over year
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The Ubika Technology 20 Index returned 5% since our last report dated November 6, outperforming the TSX-V but underperforming the TSX Capped Information Technology Indices, which returned 4% and 11%, respectively, over the same period. Notable performers for this report include:
- Baylin Technologies Inc. (TSX:BYL), which soared 81% following strong quarterly results and the acquisition of Advantech’s RF and microwave divisions.
- Avigilon Corp. (TSX:AVO), which increased by 48% due to its pending acquisition by Motorola.
- Kinaxis Inc. (TSX:KXS), which gained 16% driven by growing revenues and a new contract with Toyota.
Disclosure: Neither the author nor his/her family own shares in any of the companies mentioned above.
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