The Liv-ex 1000 Index – the broadest measure of the market – dipped 0.6% in October to close on 358.2. This is the second time the index has pulled back this year; it was also down 0.1% in March. Since the Brexit referendum in June 2016, the index has only fallen four times.
The Liv-ex 100 also dipped slightly this month (-0.7%). Despite October’s falls, both indices remain in the positive territory for the year. The Liv-ex 100 and Liv-ex 1000 are up 0.8% and 8.4% year-to-date respectively.
All of the Liv-ex 1000 sub-indices fell in October, apart from the Burgundy 150, which rose by 1.3%. Continued strong price performances from Armand Rousseau and DRC helped the index sustain its upward trend.
The Bordeaux Legends 50 was the biggest faller this month, down 1.8%.