The MT basket of transport shares continues to have a little wobble in September, but it is worth keeping in mind just how much share values of transport firms have risen in the nine months of the year so far - pointing towards a more sustained recovery in the sector.
In the past week Dart Group and NWF Group have been the biggest gainers: a 1.75p rise to 230.25 for Fowler Welch's parent firm but a much more remarkable 12p rise to 132.5p at NWF Group. The latter is an unusual one: NWF has a steady business and a share price that doesn't often fluctuate. Volumes of trades in the firm are fairly steady as well and there hasn't been any news to emerge from the group since it announced its results back on 8 August, so it is difficult to put a finger on the shift. We'll be keeping an eye on it, as it has been a part of the rumour mill in recent months.
The other four firms under the tracker spotlight all fell, albeit slightly, putting the value of the basket at 1973p this week, down from 1981p last week. Compare that to 1,498.7p for the basket back in January - a staggering 31% rise.
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