Ubika Technology 20 Beats its Benchmarks

Patrick Smith | Analyst | Ubika Research | Patrick@UbikaResearch.com | 1 (647) 444-5506
Alp Erdogan | Analyst | Ubika Research | Alp@UbikaResearch.com | 1 (647) 479-5690
William Xiao | Associate | Ubika Research | William@/UbikaResearch.com | 1 (647) 828-4632

The Ubika Technology 20 Index outperformed both the TSX-V and TSX Capped Information Technology Index since June 11

Ubika Tech 20 ( June 11, 2018 - August 3, 2018)

UT20: -1.7% (17.0% Y/Y)

TSX Venture: -8.8% (-8.5% Y/Y)

TSX Info Tech: -3.5% (28.1% Y/Y)

Top Volume Gainers (m/m)

The Ubika Technology 20 Index eased 1.7% since our last report dated June 11, 2018. In that timeframe, it outperformed both the TSX-V and TSX Capped Information Technology Index, which fell 8.8% and 3.5%, respectively. Notable performers for this report include:

  • Glance Technologies Inc. (CSE:GET), which plummeted 50% following its AGM and subsequent share dump by its top shareholder.
  • TECSYS Inc. (TSX:TCS), which gained 13% due to strong EBITDA growth.

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