CRMS November 2023

The listed sector involved in the local construction sector experienced a better month in November 2023 with only 27 percent of the companies included in the compilation of the index having reported lower market capitalisation values compared to October. The Suppliers sub-index posted the best performance thanks to PPC, with the composite index for Residential Property Funds showing the weakest gain due to a more moderate performance by  Balwin Properties. Despite extremely difficult conditions the Retailers sub-index gained in November, with Cashbuild showing a good performance in terms of its market value. On average profitability has however been weaker amongst retailers in 2023 compared to 2022. 

Click here to download the November 2023 dashboard and financial summary