FTSE 100 Ended Marginally Lower; DWF Group Stock up 11.92%

3 min read | May 26, 2021 04:22 AM AEST | By Team Kalkine Media

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 3.55 points or 0.08 per cent higher at 4,200.60, Dow Jones Industrial Average Index surged by 66.42 points or 0.19 per cent higher at 34,460.40, and the technology benchmark index Nasdaq Composite traded higher at 13,671.76, up by 10.59 points or 0.08 per cent against the previous day close (at the time of writing - 12:20 PM ET).

US Market News: The major indices of Wall Street traded in a green zone as ongoing fears of inflation had eased down. Among the gaining stocks, Shake Shack (SHAK) shares went up by around 8.02% after Goldman Sachs had upgraded the investment stance from “Neutral” to “Buy”. Canopy Growth (CGC) shares grew by about 7.63% after MKM partners had upgraded the stock from “Neutral” to “Buy”. Among the declining stocks, Lordstown Motors (RIDE) shares plunged by about 11.44% after the electric vehicle start-up need to raise capital to fund the operations. Petco Health and Wellness Company (WOOF) shares dropped by about 1.93% after the Company had announced a secondary stock offering of 22 million shares.

UK Market News: The London markets traded in a red zone after the release of the latest UK borrowings data. The UK public sector net borrowings got declined to £31.7 billion in April 2021 as compared to £47.3 billion for April 2020.

Shaftesbury shares dropped by around 1.42% after the Company had reported a significant widening of losses during H1 FY21. Moreover, it had forecasted an accelerated recovery after the full reopening of the UK economy.

FTSE 250 listed Greencore Group had reported significant losses for the first half as Covid -19 related restrictions and lockdowns had dented the revenues. Furthermore, the shares plunged by approximately 15.93%.

Smiths Group shares went down by around 1.09% after the Company had appointed Paul Keel as the new chief executive officer. He was the former 3M executive.

Industrial software Company Aveva Group shares jumped by about 2.02% after it had reported solid growth in the second half. Moreover, the outlook remained in line with the expectations.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 25 May 2021)

               1 Year FTSE 100 Chart (Source: EODHD/Others)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); International Consolidated Airlines Group SA (IAG).

Top 3 Sectors traded in green*: Consumer Cyclicals (+0.57%), Industrials (+0.44%) and Financials (+0.43%).

Top 3 Sectors traded in red*: Energy (-1.13%), Basic Materials (-1.04%) and Healthcare (-0.52%).

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 $68.52/barrel and $66.09/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,898.60 per ounce, up by 0.75% against the prior day closing.

Currency Rates*: GBP to USD: 1.4154; EUR to GBP: 0.8656.

Bond Yields*: US 10-Year Treasury yield: 1.567%; UK 10-Year Government Bond yield: 0.7845%.

*At the time of writing


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