FTSE 100 Index Closed In Green; Basic Materials And Technology Sector Shines

  • Jun 25, 2019 BST
  • Team Kalkine
FTSE 100 Index Closed In Green; Basic Materials And Technology Sector Shines

Global Markets: Shares in the United States were trading in red zone, with the broader benchmark index S&P 500 fell off 19.65 points or 0.67% to 2,925.70, the Dow Jones Industrial Average Index declined by 131.81 points or 0.49% and quoting at 26,595.73 and the technology benchmark index Nasdaq Composite Index trading lower by 93.03 points or 1.16% and trading at 7,912.67, at the time of writing.

Global News:  The US rural telecom carriers in talk with the Nokia and Ericsson for the replacement of network equipment. Almost dozens of telecom operators in the US are dependent on the network gears on the Chinese company Huawei. After the ban of Huawei by the US government, their local operators are seeking discounts from the Chinese company’s competitors but are yet to reach an agreement.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 5.74 points or 0.08% higher at 7,422.43, the FTSE 250 index snapped 13.17 points or 0.07% lower at 19,286.51, and the FTSE All-Share Index ended 1.88 points or 0.05% higher at 4,049.83 respectively. European benchmark index STOXX 600 ended 0.39 points or 0.10% lower at 383.40 respectively.

European News: Six EU member states the Netherlands, Germany, Poland, Belgium, Denmark and France are putting pressure on the Irish government to lay out a complete plan in detail on how the country will be preventing its border in the event of no-deal Brexit. As Boris Johnson and Jeremy Hunt refused to rule of a hard Brexit.

London Stock Exchange (LSE)

Top Performers Stocks: NANOCO GROUP PLC (NANO), TREATT PLC (TET), and DIXONS CARPHONE PLC (DC.) surged by 23.15 per cent, 6.22 per cent and 5.81 per cent respectively.

Top Laggards Stocks: LOOKERS PLC (LOOK), NOSTRUM OIL & GAS PLC (NOG), and FUNDING CIRCLE HOLDINGS PLC (FCH) decreased by 24.01 per cent, 9.70 per cent and 9.11 per cent respectively.

FTSE 100 Index

 FTSE100 Index: 5-days Price Chart as on June 25, 2019. (Source: Thomson Reuters)

Top Risers Stocks: 3I GROUP PLC (III), SMURFIT KAPPA GROUP PLC (SKG) and SMITH (DS) PLC (SMDS) rose by 3.34 per cent, 3.18 per cent and 3.01 per cent respectively.

Top Fallers Stocks: INTL CONSOLIDATED AIRLINES GROUP SA (IAG), NMC HEALTH PLC (NMC) and SCOTTISH MORTGAGE INV TST PLC (SMT) reduced by 2.77 per cent, 2.23 per cent and 1.78 per cent respectively.


Top Risers Sectors: Basic Materials (+0.68%), Technology (+0.44%) and Energy (+0.25%).

Top Fallers Sectors: Telecommunications Services (-0.67%), Industrials (-0.37%) and Utilities (-0.26%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2700 and 0.8954 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 1.990% and 0.794% respectively. 

*At the time of writing

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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