Allianz Technology Trust Hits Fresh 52-Week High

Allianz Technology Trust (LON: ATT), the London-listed investment trust, touched a fresh 52-week high of 765p today, edging above its previous one-year peak of 764p. By 09:06 London time, the shares had eased back slightly to 761.98p, still up around 1.1% on the session.

The stock has traded between 759.66p and 765p so far today, putting the fresh high just a penny above the prior peak. The move takes the shares to their best level of the past year.

Today’s level is the trust’s best level of the past year, a penny above the prior peak of 764p. The move has come on markedly thin trading, with volume so far in the session running at only 78,703 shares, against a 20-session average of 1,097,286 — roughly a fourteenth of typical activity — suggesting the fresh high has been reached without any real surge in buying interest behind it.

That combination, a marginal new peak reached on light volume, underscores just how narrow the move beyond the trust’s established range has been.

Allianz Technology Trust is one of the FTSE 350 constituents AskTraders tracks for fresh 52-week highs and lows. Within that universe, moves of this scale on such low turnover are relatively uncommon, which is part of why today’s session stands out despite the modest one-penny margin above the old high.

The prior peak stands as the level today’s move has just cleared, with the next test being whether the shares can hold above it as the session progresses. As of 09:06 London time, the shares stood at 761.98p, up around 1.1% intraday, having pulled back from the day’s 765p high but still comfortably above the session’s 759.66p low.