Eight Mid-Caps That Surged Over 10% In A Day Fuelled By The Astonishing Victory Of Tories

Eight Mid-Caps That Surged Over 10% In A Day Fuelled By The Astonishing Victory Of Tories

The astonishing victory of Boris Johnson’s led Conservatives implies that the UK is all set to exit the European Union on January 31, 2020. The fabulous victory of PM Johnson thrilled investors as this will likely bring an end to the three and half years of Brexit turbulence. This was the biggest majority Conservatives witnessed over the past thirty years.

There was jubilation across, especially among the domestic counters which registered a spectacular rally on the day General elections results were announced. Stocks across the board registered a massive gain, and more the 20% of the FTSE 250 constituents rallied more than 5% intraday. 58 out of 250 constituents of the FTSE 250 rallied above 5%, and eight stocks leapt up more than 10% during the day.

Here we are going to throw some light on the eight midcaps which surged more than 10% on December 13, 2019

Virgin Money UK Plc (LON: VMUK): London Stock Exchange-traded Virgin Money UK Plc (formerly known as CYBG Plc), is engaged in providing a range of banking services to the retail as well as businesses. The group is also a constituent company of the UK’s mid-cap gauge the FTSE 250 index.

The company’s shares recorded a spectacular rally of 18.68% on December 13, 2019 and ended the session at GBX 216.60. Shares of VMUK delivered a price return of more than 50% in just a month-time and handed over approximately 24.0% return in the past five trading session. In a year-over period, its shares have registered a 52w high price of GBX 222.10 (as on December 13, 2019), and a 52w low of GBX 102.25 (as on October 08, 2019), respectively.

From the technical standpoint, shares of VMUK traded well above its short-term as well as the long-term moving average of 5-day, 10-day, 30-day, 50-day and 200-day simple moving average (SMA), which reflects a positive technical trend in the script.

Stagecoach Group Plc (LON: SGC): UK-headquartered Stagecoach Group Plc is engaged in the business of Travel and Tourism. The outstanding market-capitalisation of the group stood at £848.39m, which ranks it among the mid-cap index listed stock traded on the LSE. Also, the group is a constituent company of the UK’s mid-cap gauge, the FTSE 250 index.

Stocks of Stagecoach Group Plc recorded a massive one-day surge of 16.6% on December 13, 2019 and ended the session at GBX 154.20. In a month-over period, stocks of SGC delivered a decent price return of approximately 15.5% and were up by around 17% in the past five trading session. During a year-ago period, stock of SGC registered a 52w high of GBX 174.70 (as on April 03, 2019) and a 52w low of GBX 113.60 (as on June 26, 2019), respectively.

Despite a decent surge in its stock price over the past couple of weeks, the dividend yield of the company stood at 4.9%, which is higher than the benchmark FTSE 250’s dividend yield.

From the technical standpoint, shares of SGC traded above 5-day, 10-day, 20-day, 30-day, 50-day and 200-day SMA, which is considered as crucial short-term as well as long-term support levels in stock.

Savills Plc (LON: SVS): London stock exchange-traded Savills Plc is a Real Estate Management & Development business. Its outstanding market capitalisation of £1.64bn ranks it among the mid-cap companies, which are listed and traded on the London Stock Exchange. Also, the group is a constituent of the FTSE 250 index, which gauges movement in the UK’s mid-caps.

On December 13, 2019, its stocks were up by 13.5% to GBX 1,152.0, which was a massive one-day surge in the last two and a half years. Over the month time, the stock has rallied more than 21% and posted a return of more than 14.0% in the past five trading sessions. In the past 52-week time period, its shares have registered a high of GBX 1,186.0 (as on December 13, 2019) and a low of GBX 677.50 (as on December 21, 2018), respectively.

Also, as at December 13, 2019, closing level its shares traded well above the near-term and long-term support levels of 5-day, 10-day, 20-day, 50-day and 200-day SMA, a positive technical trend in a stock.

Bellway Plc (LON: BWY): The UK-headquartered Bellway Plc is a holding company, with operational interest in building and selling of homes, ranging from the one-bedroom apartment up to five-bedroom family houses. The outstanding market capitalisation of the group stood at £4.7bn, which ranks it among the mid-caps listed and traded on the LSE. Also, the group is a constituent of the FTSE 250 index.

Its shares recorded a sharp gain of 11.7% as on December 13, 2019 and ended the session at GBX 3,831.0. In a month-over period, stocks of BWY delivered a handsome return of more than 18% and were up nearly 13% in the past five trading sessions. Also, it recorded the highest one day surge in its stock price since the Brexit referendum took place. In the year-over period, its shares have registered a 52w high of GBX 3,872.0 (as on December 13, 2019) and a 52w low of GBX 2,419.0 (as on December 20, 2018), respectively.

Also, on the December 13, 2019 closing level, its shares traded well above the crucial short-term and long-term moving averages of 5-day, 10-day, 20-day, 50-day and 200-day, which is considered as a positive uptrend in the stock.

Tullow Oil Plc (LON: TLW): The group is the UK-headquartered and LSE traded an autonomous oil and gas search and production company. The outstanding market capitalisation of the group stood at £942.0m, which ranks it among the mid-caps listed and traded stocks on the LSE, it is also a constituent stock of the FTSE 250 index.

Shares of TLW traded 11.7% higher as on December 13, 2019, and ended the session at GBX 67.80. Recently the stock was under pressure after the group slashed production for the next year and its CEO abruptly quit the group as on December 09, 2019, with immediate effects. However, despite a one-day solid gain it recorded on December 13, 2019, its shares are still 55% down in a month over and have declined 52% in the past five trading sessions and plummeted more than 60% on a YoY basis.

Also, from the technical standpoint, its shares traded well below its short-term and long-term support levels of 5-day, 10-day, 20-day, 50-day and 200-day SMAs.

Kainos Group Plc (LON: KNOS): London Stock Exchange-traded Kainos Group Plc is the UK-headquartered digital services company. The outstanding market capitalisation of the group stood at £840.90m, which ranks it among the mid-caps listed and traded on the LSE. Also, the group is a constituent stock of the FTSE 250 index.

Shares of KNOS rallied more 11.61% on December 13, 2019 and ended the session at GBX 692.0. This was the highest one-day surge in the past one year. In a month-over time, shares of KNOS was up by approximately 24.4% and garnered 10.19% in the past five trading sessions. In the year-over period, its shares registered a 52w high of GBX 696.0 (as on December 13, 2019) and a 52w low of GBX 340.0 (as on January 15, 2019).

Also, from the technical standpoint, shares of KNOS traded well above its crucial short-term as well as long-term support levels of 5-day, 10-day, 20-day, 50-day and 200-day simple moving average (SMA), which is a favourable technical measure in the stock.

Telecom Plus Plc (LON: TEP): Telecommunications Services provider Telecom Plus Plc is the UK-based company with an operational interest lying in providing landline telephony, broadband, mobile, gas electricity and other services. The outstanding market capitalisation of the group stood at £1.16bn, which ranks it among the mid-caps listed and traded on the LSE. Also, the group is a constituent company of the FTSE 250 index.

Shares of the TEP ended December 13, 2019 trading session 11.39% higher at GBX 1,486.0. This was the highest one day surge in the past seven years. In a month-over period, its shares surged around 16% and were up by approximately 12% in the past five trading session. Shares of TEP registered a 52w high of GBX 1,542.0 (as on June 12, 2019) and a 52w low of GBX 1,094.0 (as on September 09, 2019), respectively.

Though, despite a decent surge in the stock price it had recorded over the past couple of months, the dividend yield of the company stood at 3.63%.

From the technical standpoint, shares of TEP traded well above its crucial support levels of 5-day, 10-day, 20-day, 30-day, 50-day and 200-day SMAs, a positive technical measure.

OneSavings Bank PLC (LON: OSB): The group is the UK-headquartered mortgage finance company. The outstanding market capitalisation of the group stood at £1.9bn, which ranks it among the mid-caps listed and traded on the LSE and a constituent of the mid-cap gauge FTSE 250 index.

Shares of OSB registered a surge of 10.7% on December 13, 2019 and ended the session at GXB 445.0. This surge was the highest one-day surge post-October 15, 2019. Its shares recorded a massive price surge of approximately 24% in the past one-month time and have garnered approximately 11.70% in the last five trading sessions. In a year-over period, its stocks registered a 52w high of GBX 461.0 (as on December 13, 2019) and a 52w low of GBX 312.0 (as on August 29, 2019), respectively.

Also, on December 13, 2019, closing level, shares traded well above 5-day, 10-day, 20-day, 50-day and 200-day SMAs, which are considered to be crucial short-term and long-term support levels.

Boris Johnson victory in the general election boosted market and improved investors sentiments. As long-standing uncertainties over Brexit partly receded post PM Johnson’s victory. It helped GBP to move up against the US Dollars and Euro as well, consequently boosting the domestic stocks substantially.

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