FTSE 100 marks the best weekly gain since Nov 2020

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UK Market: The UK stock market went for a rollercoaster ride on the final day of the week. Blue-chip index FTSE 100 and other major indices during mid of the day’s trade was down by 0.50 to 1.50 per cent tailing the weakness in the European counterparts. However, as the day progressed, there was a decent recovery in the market, and all the indices bucked the trend and turned green, supported by the rise in crude oil prices. FTSE 100 posted one of the best weekly gains since November 2020. There were no positive signs of progress in Russia-Ukraine peace talks that once again raised the supply concern of crude.  


Ocado Plc (LON: OCDO): The everyday grocery shop business company which licenses grocery technology was up by around 6%, with a day’s high of GBX 1,176.00. The stock witnessed some lower-level buying after weakness in the last session when the company reported a sales decline of 5.7 per cent.

Bridgepoint Group Plc (LON: BPT): The world's leading quoted private assets growth investor was by over 6%, with a day’s high of GBX 300.00. The company’s stock continued its up move for yet another day. The company along with Porsche Automobil Holding SE is planning to acquire Econolite Group, a traffic-management solutions company based at US.

US Markets: The US market may have a cautious start as indicated by the futures market. Traders remained concerned about stalling peace talks between Russia and Ukraine. S&P 500 future was down by 0.70% at 4,380, while the Dow Jones 30 future was lower by 0.50% at 34,295. The technology-heavy index Nasdaq Composite future declined by 0.71% at 14,017 (At the time of writing).

US Market News:

Shares of the transportation and e-commerce company FedEx (FDX) were down by around 6% in the premarket trading after the company’s earnings for the latest quarter missed the estimates, primarily due to worker shortage.

Shares of the video gaming equipment retailer GameStop (GME) were down by around 6% in the premarket trading after the company reported an unexpected loss in the latest quarter. The spread of the Omicron variant was visible on the earnings of the company.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 18 March 2022)

(Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), BP Plc (BP.), Natwest Group Plc (NWG).

Top 3 Sectors traded in green*: Household Goods (2.53), Financial Services (2.11%), Software and Computing (1.49)

Top 2 Sectors traded in red*: Aerospace (-0.87%), Healthcare (-0.79%)

London Stock Exchange: Stocks Performance (at the time of writing) 

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $101.44/barrel and $99.55/barrel, respectively.

Gold Price*: Gold price quoted at US$ 1,915 per ounce, down by 0.74% against the prior day’s closing.

Currency Rates*: GBP to USD: 1.3137; EUR to USD: 1.1030.

Bond Yields*: US 10-Year Treasury yield: 2.177%; UK 10-Year Government Bond yield: 1.57%.

*At the time of writing


 

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