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Data presented by Buy Shares indicates that the technology sector is the best performing stock category in 2020 as of December 31. The sector has registered an ROI of 49.25%.

The consumer cyclical stocks are second with an ROI of 46.42% followed by communication services at 24.84%. The basic material is the third best performing sector with returns of 19.87% followed by healthcare at 14.77%.

Industrials rank sixth with an ROI of 10.32% while consumer defensive is the last sector with positive returns at 7.28%. The energy sector is the year’s worst-performing with an ROI of -35.04% followed by real estate at -5.57%. Utilities is the third-worst performing sector at -4% with financials recording an ROI of -1.99%.

The research issues a general outlook for the 2020 stock market performance. According to the research report:

“For 2020, even without factoring in the pandemic, the stock market defied expectations. Major stock tracking indices like the S&P 500 surpassed projections to hit new historical highs. The aggressive economic recovery measures like substantial monetary and fiscal support have acted as a key anchor for growth. Wage subsidies and job retention schemes have also acted as a major component for recovery.”

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