FTSE 100 Surged by 1.08% at Close of Trade; International Consolidated Airlines up by 3.97%

  • Jun 29, 2020 BST
  • Team Kalkine
FTSE 100 Surged by 1.08% at Close of Trade; International Consolidated Airlines up by 3.97%

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 31.61 points or 1.05% higher at 3,040.66, Dow Jones Industrial Average Index accelerated by 416.40 points or 1.66% higher at 25,431.95, and the technology benchmark index Nasdaq Composite traded higher at 9,827.75, up by 70.53 points or 0.72% against its previous day close (at the time of writing, before the U.S market close at 11:50 AM ET).

US News: The US market opened in the green, and all the major market indices inched up. Meanwhile, according to the National Association of Realtors, pending home sales surged 44.3% in May from April. The stocks which gained in the market were, Coty rose by about 10.5% after the Company announced that it is buying a 20% stake in Kim Kardashian beauty line. Boeing shares were up by about 7.9% after the US Federal Aviation Administration approved the test for 737 Max airplanes. The shares of British Petroleum were up close to 3.1% after BP agrees to sell its global petrochemical business to Ineos for USD 5 billion. The stocks which were trading downward - Zoom Video Communications, whose shares were down by close to 3.6 per cent as the competitor Microsoft Teams and Google Meet added more features to their platform. Facebook shares were down by close to 0.3% after a few big companies pulled back from advertising on Facebook platform. The shares of e-commerce giant Amazon were down by close to 0.8 per cent. Amazon announced that it would spend USD 500 million on bonus payment to its front-line workers who worked through the COVID crisis.

S&P 500 (SPX)

Top Performers*: Coty Inc (COTY), Boeing Co (BA), and CDW Corp (CDW) stocks jumped by 10.77 per cent, 6.17 per cent and 4.32 per cent, respectively.

Non Performers*: Noble Energy Inc (NBL), Carnival Corp (CCL) and Fortinet Inc (FTNT) shares decreased by 3.07 per cent, 3.01 per cent and 3.01 per cent, respectively.

NASDAQ Composite (IXIC)

Top Performers*: BioHiTech Global Inc (BHTG), Landcadia Holdings II Inc (LCA) and Ideanomics Inc (IDEX) shares expanded by 126.67 per cent, 31.75 per cent and 31.51 per cent, respectively.

Worst Performers*: Cleveland Biolabs Inc (CBLI), Intercept Pharmaceuticals Inc (ICPT) and Brundage-Bone Concrete Pmpg Holdings Inc (BBCP) shares plunged by 40.38 per cent, 38.46 per cent and 30.29 per cent, respectively.

Top Performing Sectors*: Energy (+2.08 per cent), Basic Materials (+1.28 per cent) and Financials (+0.93 per cent).

Top Worst Sectors*: Consumer Cyclicals (-0.56 per cent) and Technology (-0.41 per cent).

Dow Jones Industrial Average (DJI)

Top Performers*: Boeing Co (BA), Dow Inc (DOW) and Walgreens Boots Alliance Inc (WBA) shares zoomed up by around 6.73 per cent, 2.76 per cent and 2.55 per cent, respectively.

Worst Performers*: Cisco Systems Inc (CSCO), Intel Corp (INTC) and Microsoft Corp (MSFT) shares plunged by 1.10 per cent, 0.71 per cent and 0.63 per cent, respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 66.47 points or 1.08 per cent higher at 6,225.77, the FTSE 250 index snapped at 85.45 points or 0.50 per cent higher at 17,198.66, and the FTSE All-Share Index ended 32.48 points or 0.95 per cent higher at 3,438.93, respectively. Another European index STOXX 600 ended up by 1.57 points or 0.44 per cent, at 359.89. Among other major European indices, DAX index closed the session at 12,232.12, up by 142.73 points or 1.18 per cent; CAC 40 index increased by 35.82 points or 0.73 per cent and ended the trading session at 4,945.46.

European News: Investors’ were apprehensive about the second round of lockdown since COVID-19 deaths topped half a million. Meanwhile, the mortgage approval in Britain slumped to 9,273 in May. Also, Britain intends to sell a GBP 275 billion government bonds to pay off its colossal spending incurred to contain the COVID-19 pandemic. Among the gaining stocks, Energean Oil & Gas surged over 11.2 per cent after slashing the capital expenditure guidance for FY20. BP rose over 3.9 per cent post selling the global petrochemicals business for USD 5 billion. Royal Dutch Shell gained over 18 per cent, following the Brent crude oil price surge. Among the declining stocks, Morses Club dipped around 4.1 per cent as their digital account gets frozen by the Financial Conduct Authority. ASA International Group PLC dropped close to 4.0 per cent after releasing the trading update in response COVID-19 crisis.

London Stock Exchange

Top Three Performers*: ENERGEAN PLC (ENOG), DRAX GROUP PLC (DRX) and TT ELECTRONICS PLC (TTG) accelerated significantly by 12.40 per cent, 10.75 per cent and 8.28 per cent, respectively. 

Worst Performers*: CINEWORLD GROUP PLC (CINE), DWF GROUP PLC (DWF) and HYVE GROUP PLC (HYVE) plunged by 10.99 per cent, 7.14 per cent and 6.84 per cent, respectively. 

FTSE 100 Index Performance

3 months FTSE 100 Index Performance (June-29-2020), before the market closed (Source: Refinitiv, Thomson Reuters)

Best Gainers*: STANDARD CHARTERED PLC (LON: STAN), PEARSON PLC (LON: PSON) & BP PLC (LON: BP) leapt up by 3.17 per cent, 2.88 per cent and 2.84 per cent, respectively.

Non Performers*: GVC HOLDINGS PLC (LON: GVC), OCADO GROUP PLC (LON: OCDO) and AVEVA GROUP PLC (LON: AVV) traded in the red zone and decreased by 4.45 per cent, 2.36 per cent and 2.21 per cent, respectively.

Shares traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (BARC) BARCLAYS PLC; (VOD) VODAFONE PLC.

Top Sectors traded in the positive zone*: Energy (+1.41 per cent), Telecommunications Services (+0.86 per cent), and Financials (+0.67 per cent).

Top Sectors traded in the negative zone*: Technology (-0.78 per cent), Consumer Non-Cyclicals (-0.50 per cent) and Consumer Cyclicals (-0.18 per cent).

Crude Oil Future Prices*: WTI crude oil (future) price was hovering at $39.72 per barrel & Brent future crude oil (future) price was trading at $41.87 per barrel.

Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2286 and 0.9146, respectively.

Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.640 per cent, and the UK 10-Year Government Bond yield was hovering at 0.157 per cent, respectively.

*At the time of writing 

 


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