FTSE Packaging Stocks: Where Next for Smurfit Kappa, DS Smith and Mondi Share Prices?
In the week to 22 March – the day before the UK officially entered lockdown – online sales jumped 115% YoY, and the most recent data, covering the last week of March, shows orders jumped 200%. Even the king of online shopping, Amazon, has struggled to cope with the spike in demand as people are forced to order goods online as they are unable to go shopping in bricks-and-mortar stores. And the few physical stores that do remain open, like supermarkets, are still seeing record demand for online groceries. Considering their markets look likely to prove resilient over the coming months, it is somewhat surprising that all three of the FTSE 100’s packaging stocks – Smurfit Kappa, Mondi and DS Smith – have all seen their share prices fall roughly in line with the wider market since the start of 2020. How is the coronavirus impacting the stock market? You can invest or trade packaging stocks like Smurfit Kappa, Mondi and DS Smith. When you invest in a business, you own the underlying shares in the company outright and are entitled to any dividends that are paid and hope that the share price appreciates. ‘We are an integral part of today’s vital supply-chains, whether it is ensuring that retailers remain supplied with food and other basic goods or ensuring that critical pharmaceutical and medical supplies and devices reach hospitals and other health care facilities where they are needed to fight this pandemic,’ said chief executive officer (CEO) Tony Smurfit.