British Shares Rise at Close of Trade in Tuesday’s Session

  • Jun 02, 2020 BST
  • Team Kalkine
British Shares Rise at Close of Trade in Tuesday’s Session

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 13.87 points or 0.45 per cent higher at 3,069.60, Dow Jones Industrial Average Index expanded by 191.34 points or 0.75 per cent higher at 25,666.63, and the technology benchmark index Nasdaq Composite traded higher at 9,564.57, up by 12.52 points or 0.13 per cent against its previous day close (at the time of writing, before the U.S market close at 1:40 PM ET).

US News: Wall Street opened higher on Tuesday as optimism of economic revival offset the apprehensions of violent protests. The harshest hit state, New Jersey and Florida have also started reopening restaurants and stores. Among the gaining stocks, Dick’s Sporting Goods surged 1.8 per cent after posting double online sales in the three months through April. Following the oil price surge, Exxon Mobil and Chevron Corp gained around 2.1 per cent and 1.5 per cent, respectively. Southwest Airlines gained over 2.7 per cent as it extends the buyout package and temporary paid leaves to employees. Among the decliner, Starbucks shed 1.0 per cent as it is considering reduced working hours or unpaid leaves for employees.

S&P 500 (SPX)

Top Performers*: Western Union Co, DXC Technology Co, and Hess Corp shares increased by 11.06 per cent, 9.76 per cent and 5.48 per cent, respectively.

Non Performers*: NortonLifeLock Inc, Arista Networks Inc and Citrix System Inc shares decreased by 4.24 per cent, 2.89 per cent and 2.70 per cent, respectively.

NASDAQ Composite (IXIC)

Top Performers*: Ameri Holdings Inc, Westwater Resources Inc and Tenax Therapeutics Inc shares expanded by 226.12 per cent, 58 per cent and 45.52 per cent, respectively.

Worst Performers*: Cemtrex Inc, Allied Esports Entertainment Inc and Intec Pharma Ltd shares plunged by 35.66 per cent, 16.67 per cent and 15.73 per cent, respectively.

Top Performing Sectors*: Industrials (+1.24 per cent), Energy (+1.06 per cent), and Financials (+0.92 per cent).

Top Worst Sectors*: Basic Materials (-0.48 per cent), Consumer Non-Cyclicals (-0.46 per cent), and Healthcare (-0.32 per cent).

Dow Jones Industrial Average (DJI)

Top Performers*: Dow Inc, American Express Co and Exxon Mobil Corp shares climbed by around 4.53 per cent, 3.56 per cent and 2.23 per cent, respectively.

Worst Performers*: Raytheon Technologies Corp, Walmart Inc and Intel Corp shares plunged by 2.07 per cent, 0.37 per cent and 0.23 per cent, respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 53.72 points or 0.87 per cent higher at 6,220.14, the FTSE 250 index snapped at 158.78 points or 0.92 per cent higher at 17,436.31, and the FTSE All-Share Index ended 29.96 points or 0.88 per cent higher at 3,442.46, respectively. Another European index STOXX 600 ended up by 5.57 points or 1.57 per cent, at 359.77. Among other major European indices, DAX index last traded at 12,021.28, up by 434.43 points or 3.75 per cent; CAC 40 index increased by 96.19 points or 2.02 per cent and closed at 4,858.97.

European News: London and European markets extended gains and climbed on Tuesday as fresh stimulus package by the government added optimism for swift economic recovery with the lockdown easing. Meanwhile, the house prices in the UK fell by 1.7 per cent in May against April. Also, the Finance Minister Bruno Le Maire stated that the French economy would contract by 11 per cent this year. Among the gaining stocks, Lufthansa surged over 7.5 per cent as the government approved a bailout for the airline. Mediclinic International soared around 5.9 per cent after posting steady operational progress in full-year results. Similarly, the oil stocks BP and Royal Dutch Shell gained over 2.0 per cent each, following the oil price surge. Among the decliner, Card Factory slipped around 1.9 per cent post warning regarding the impact on business through social distancing.

London Stock Exchange 

Top Three Performers*: INTU PROPERTIES PLC (INTU), HAMMERSON PLC (HMSO) and STOBART GROUP LD (STOB) accelerated significantly by 66.99 per cent, 33.06 per cent and 17.51 per cent, respectively. 

Worst Performers*: TED BAKER PLC (TED), REACH PLC (RCH) and SCHRODER UK PUBLIC PRIVATE (SUPP) plunged by 8.15 per cent, 5.90 per cent and 5.77 per cent, respectively. 

FTSE 100 Index Performance

 3 months FTSE 100 Index Performance (June-02-2020), before the market closed (Source: Refinitiv, Thomson Reuters)

Best Gainers*: MEGGITT PLC (MGGT), BRITISH LAND COMPANY PLC (BLND) and MELROSE INDUSTRIES PLC (MRO) expanded by 10 per cent, 9.48 per cent and 8.37 per cent, respectively.

Non Performers*: OCADO GROUP PLC (OCDO), HIKMA PHARMACEUTICALS PLC (HIK) and HARGREAVES LANSDOWN PLC (HL.) traded in red zone and decreased by 3.05 per cent, 3.05 per cent and 2.62 per cent, respectively.

Active Three Stocks (traded with high volume)*: (LLOY) LLOYDS BANKING GROUP PLC; (BP.) BP PLC; (CNA) CENTRICA PLC.

Top Sectors traded in the positive zone*: Energy (+3.56 per cent), Basic Materials (+1.91 per cent) and Consumer Cyclicals (+1.80 per cent).

Top Sectors traded in the negative zone*: Healthcare (-1.16 per cent), Consumer Non-Cyclicals (-0.66 per cent) and telecommunications Services (-0.02 per cent).

Crude Oil Prices*: WTI crude oil (future) price was tilting at $36.47 per barrel, and Brent future crude oil (future) price was nudging at $39.27 per barrel.

Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2535 and 0.8909, respectively.

Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.685 per cent, and the UK 10-Year Government Bond yield was hovering at 0.230 per cent, respectively.

 

*At the time of writing

 


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