Blue chip equities look cheap alongside techs

The two-speed market within the All-Share is becoming ever more apparent as the tech and telecom stocks continue to soar ahead. In the year to date the All-Share is up some 15.21% with much of the performance coming from the telecoms sector, up 45.89%. Telecoms now make up 13.49% of the All-Share, second only to the banking stocks. While mining, up 86.86%, and electricals, up 57.45%, have both outperformed telecoms, neither have such impressive weightings at 2.13% and 1.75% respectively. Bill Mott, head of UK equities at Credit Suisse Asset Management, says: "At the moment the market ha...