26 FTSE All-Share Stocks Post Double-Digit Gain Despite The Soaring Coronavirus Fear

  • Feb 27, 2020 GMT
  • Team Kalkine
26 FTSE All-Share Stocks Post Double-Digit Gain Despite The Soaring Coronavirus Fear

The rapid spread of coronavirus to several unaffected areas has made experts lose sleep over global growth worries, and the pandemic is jolting investor sentiment across the markets world over.

The benchmark equity indices of the UK market – the FTSE 100 tumbled ~ 6.63% on a YTD basis to February 26th, 2020, and the FTSE All-Share index has slumped ~ 6.4% during the same period.

The United States’ major equity gauge, the S&P 500 index slumped ~ 3.54% in the same period, while Germany's DAX Composite Index slipped 3.92%.

Nevertheless, despite a global selling rush in the equity assets, 26 FTSE All-Share stocks traded on the London Stock Exchange delivered a double-digit price return on a YTD basis amid pandemic fear, as compared to 29 S&P 500 stocks that handed a double-digit price return in the period under review.

The UK’s stocks which recorded a solid double-digit price return include names like Galliford Try Holdings PLC (LON: GFRD), up 81.2%, Petropavlovsk PLC (LON: POG), up 55.4%, Sirius Minerals PLC (LON: SXX), up 48.9%, Daejan Holdings PLC (LON: DJAN), up 48.5% and Kier Group PLC (LON: KIE), up 34.2%, respectively. And, top-performing stocks at the Wallstreet during the same period include names like NortonLifeLock Inc (NYSE: NLOK), up 30.9%, L Brands Inc (NYSE: LB), up 25.7%, Regeneron Pharmaceuticals Inc (NYSE: REGN), up 22.0%, SBA Communications Corp (NYSE: SBAC), up 19.6% and T-Mobile US Inc (NYSE: TMUS), up 19.4%, respectively.

At the last reported closing as on February 26th, 2020, the FTSE 100 index had dropped about  685.02 points or 9% from its 52-week high level of 7727.49, the mid-cap gauge FTSE 250 tumbled approximately 1491.31 points or 7% from its 52-week high level and the FTSE All-share index traded approximately 336.84 points or  8% lower from its 52-week high level, which reflects that the primary and prevailing trend is unfavourable for the investors and traders.

26 FTSE All-Stocks moved against the broader market trend

It is the beauty of the equity market that no matter which broader cycle is prevailing in the market, there are always several counters which report performance completely contra to the broader trend. Here, in this piece of work, we are sharing a list of 26 stocks which delivered a double-digit gain on a YTD basis to February 26th, 2020, whereas the benchmark UK indices are down by high single-digit.

Ticker Company Name Company Market Cap (Millions, GBP) GICS Sector Name YTD Price PCT Change 5-day Price PCT Change
GFRD Galliford Try Holdings PLC 183.7 Industrials 81.2% -3.4%
POG Petropavlovsk PLC 660.6 Materials 55.4% 9.5%
SXX Sirius Minerals PLC 371.4 Materials 48.9% 2.5%
DJAN Daejan Holdings PLC 1,317.1 Real Estate 48.5% 53.9%
KIE Kier Group PLC 210.6 Industrials 34.2% -12.6%
AVON Avon Rubber PLC 844.2 Industrials 29.2% -1.3%
RCH Reach PLC 500.7 Communication Services 21.7% 1.1%
LSL LSL Property Services PLC 345.4 Real Estate 20.1% -4.6%
DPEU DP Eurasia NV 90.3 Consumer Discretionary 17.6% -1.4%
MGNS Morgan Sindall Group PLC 861.9 Industrials 16.0% -3.0%
COST Costain Group PLC 201.2 Industrials 15.7% -8.3%
GEMD Gem Diamonds Ltd 82.6 Materials 15.5% -10.6%
DIA Dialight PLC 88.9 Industrials 14.8% -9.7%
CEY Centamin PLC 1,697.4 Materials 14.7% 2.4%
HAST Henderson Alternative Strategies Trust PLC 117.7 NA 14.6% -1.0%
PSN Persimmon PLC 9,893.2 Consumer Discretionary 14.2% -6.7%
BA. BAE Systems PLC 20,711.2 Industrials 13.5% 0.2%
IHP IntegraFin Holdings plc 1,686.3 Financials 13.5% -4.5%
RIV River and Mercantile Group PLC 245.4 Financials 13.1% -0.7%
SYNC Syncona Ltd 1,655.4 NA 13.0% 0.0%
DWF DWF Group PLC 444.4 Industrials 12.2% -1.1%
SSE SSE PLC 16,732.6 Utilities 12.1% -4.4%
RWI Renewi PLC 325.8 Industrials 11.6% -0.2%
NG. National Grid PLC 37,061.6 Utilities 11.0% -1.8%
FRES Fresnillo PLC 5,220.2 Materials 10.7% 1.0%
PNN Pennon Group PLC 4,796.7 Utilities 10.3% -6.0%

*Source: Thomson Reuters.

Market analysts are of the opinion that the market is expected to remain in pain in the coming days as well, and the movement from hereon will largely be dependent on global cues. If the coronavirus crisis extends for a couple of months more, then there could be major global growth risk, which can impact the UK markets too.

The impact of the Coronavirus outbreak may get extended (if several global news flows are to be believed), though several agencies are working relentlessly, finding a solution, while China, as per some latest emerging reports, has taken some hard measures to contain the spread to other countries.

Coronavirus has taken lives of around 2,800 people worldwide, including 2,715 in China alone with more than 78,000 infected cases so far.

Technical cues – FTSE 100 and FTSE 250 Index

At the time of writing (as on February 27th, 2020 at 11:04 AM GMT), the UK benchmark large-cap index FTSE 100 was trading approximately 150.0 points or 2.13% lower at 6,889.85 and tested a level, which was last witnessed on January 30th, 2019; also the YoY return of the index turned negative to 1.52%.

Also, during the day trading hours before the market close, the FTSE 100 index registered a new 52-week low of 6,849.85. At the current price, the index traded steeply below 5-day, 10-day, 20-day, 30-day, 50-day, 60-day, 90-day, 200-day simple moving averages (SMAs), which typically reflects a bearish trend in the underlying. Also, the Price/200-day SMA ratio stood at 0.93x, which indicates that the index is trading approximately 7% below its crucial 200-day support level, a highly unfavourable trend. Also, the moving average convergence divergence line is falling sharply against the 9-day EMA signal line; also, the difference between 12-day EMA and 26-day EMA is negative, which is also an unfavourable indicator.

At the same time, the mid-cap gauge FTSE 250 index too has tumbled 553.51 points or 2.68% to 20,069.51, however, YoY return still was hovering in positive territory (up 7.02%). However, the FTSE 250 index at the present level traded well below its short-term as well as long-term support levels of 5-day, 10-day, 20-day, 30-day, 50-day, 90-day, 100-day and 200-day SMAs, a bearish technical trend. The 14-day and 9-day Relative Strength Index hovering in sharply oversold territory as it is oscillating below 30, which is typically considered as a steep oversold zone for an underlying.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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