IDNX update for April: Prices down by 2.1 %

After record-breaking highs in the domain markets in March, April 2012 experienced a decline of 2.1%. Traditionally, domain markets are relatively slow in the sedond quarter, in both price levels and number of closed deals, so the dip could be partially caused by seasonality. Still, the biggest drag on domain prices is the sluggish overall performance of the IT industry.

Compared to stock prices, the domain market saw a relatively small decline. The NASDAQ 100, which tracks the stock prices of the 100 largest IT companies, fell by 3.1%, Apple lost 2.5%, and internet giant Google gained only 0.4%.

The full index estimates are available on IDNX.com and through Bloomberg and Reuters.

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