FTSE 100 Index up by 1.26% at Close of Trade

  • May 27, 2020 BST
  • Team Kalkine
FTSE 100 Index up by 1.26% at Close of Trade

US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 3.27 points or 0.11 per cent lower at 2,988.50, Dow Jones Industrial Average Index expanded by 172.68 points or 0.69 per cent higher at 25,167.79, and the technology benchmark index Nasdaq Composite traded lower at 9,219.63, down by 120.59 points or 1.29 per cent against its previous day close (at the time of writing, before the U.S market close at 11:30 AM ET).

US News: Wall Street opened higher but appeared volatile as a quick revival in business activities powered hopes of post-pandemic economic recovery, while investor sentiments were dampened by percolating US-China tension. Meanwhile, mortgage applications rose 9 per cent (last week against the previous week) to purchase a home. Among the gaining stocks, Apple gained over 0.2 per cent as it plans to reopen 130 of its 271 stores in the US. Similarly, Walt Disney rose 0.9 per cent as it plans a phased reopening of parks. General Electric surged over 5.5 per cent post stating disposal of Savant Systems. Among the declining stocks, Twitter shed around 2.8 per cent as President Donald Trump stated about strongly regulating social media platforms. Arcus Biosciences tumbled 8.5 per cent after signing a 10-year partnership with Gilead Sciences.

S&P 500 (SPX)

Top Performers*: Nordstrom Inc, Discover Financial Services, and PVH Corp shares increased by 13.86 per cent, 9.64 per cent and 9.09 per cent, respectively.

Non Performers*: DexCom Inc, NVIDIA Corp and Resmed Inc shares decreased by 8.63 per cent, 6.35 per cent and 6.04 per cent, respectively.

NASDAQ Composite (IXIC)

Top Performers*: GreenPro Capital Corp, Euroseas Ltd and Mersana Therapeutics Inc shares expanded by 75.61 per cent, 44.86 per cent and 29.37 per cent, respectively.

Worst Performers*: La Jolla Pharmaceutical Co, Altimmune Inc and Arcturus Therapeutics Holdings Inc shares plunged by 25.18 per cent, 24.35 per cent and 24.09 per cent, respectively.

Top Performing Sectors*: Financials (+1.77 per cent), Basic Materials (+1.44 per cent), and Industrials (+1.04 per cent).

Top Worst Sectors*: Healthcare (-1.74 per cent), Energy (-1.69 per cent), and Technology (-1.26 per cent).

Dow Jones Industrial Average (DJI)

Top Performers*: American Express Co, JPMorgan Chase & Co and Goldman Sachs Group Inc shares climbed by around 4.59 per cent, 4.58 per cent and 4.48 per cent, respectively.

Worst Performers*: Microsoft Co, Visa Inc and Walmart Inc shares plunged by 1.98 per cent, 1.02 per cent and 0.99 per cent, respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 76.49 points or 1.26 per cent higher at 6,144.25, the FTSE 250 index snapped at 210.20 points or 1.24 per cent higher at 17,143.62, and the FTSE All-Share Index ended 41.71 points or 1.24 per cent higher at 3,396.13, respectively. Another European index STOXX 600 ended up by 0.83 points or 0.24 per cent, at 349.75. Among other major European indices, DAX index closed the session at 11,657.69, up by 153.04 points or 1.33 per cent; CAC 40 index increased by 82.50 points or 1.79 per cent and ended the trading session at 4,688.74.

European News: London and European markets jumped today as optimism over lockdown easing plan overshadowed the apprehensions of geopolitical tension in Hong Kong after the proposed national security law by Beijing. Meanwhile, UK grocery sales surged 14.3 per cent during the twelve weeks through 17th May 2020. Moreover, UK online grocery spent registered a record spending of GBP 1.2 billion during a four-week lockdown period in April and May. Among the gainers, financial services stocks - Provident financial and St. James's Place surged around 9.5 per cent and 8.78 per cent, respectively, post sharing their resilient performance in trading updates. Similarly, following the confidence over lockdown easing plan, Travel & Retail stocks - Restaurant Group and Saga PLC soared over 17.3 per cent and 39.5 per cent, respectively. Among the decliners, Nuformix plunged 12.4 per cent post releasing its business update. Similarly, Petropavlovsk shed 6.7 per cent after reporting a 9 per cent decline in FY2019 operating profit.

London Stock Exchange 

Top Three Performers*: SAGA PLC (SAGA), PENDRAGON PLC (PDG) and RESTAURANT GROUP PLC (RTN) accelerated significantly by 20.23 per cent, 19.05 per cent and 18.47 per cent, respectively. 

Worst Performers*: AMIGO HOLDINGS PLC (AMGO), BATM ADVANCED COMMUNICATIONS LTD (BVC) and MARSTON'S PLC (MARS) plunged by 10.17 per cent, 10.61 per cent and 7.79 per cent, respectively. 

FTSE 100 Index Performance

 3 months FTSE 100 Index Performance (May-27-2020), before the market closed (Source: Refinitiv, Thomson Reuters)

Best Gainers*: MELROSE INDUSTRIES PLC (MRO), MEGGITT PLC (MGGT) and ROLLS-ROYCE HOLDINGS PLC (RR.) expanded by 12.36 per cent, 10.58 per cent and 8.80 per cent, respectively.

Non Performers*: OCADO GROUP PLC (OCDO), LONDON STOCK EXCHANGE GROUP PLC (LSE) and BARRATT DEVELOPMENTS PLC (BDEV) traded in red zone and decreased by 5.67 per cent, 4.93 per cent and 4.80 per cent, respectively.

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

Top Sectors traded in the positive zone*: Financials (+2.47 per cent), Telecommunications Services (+1.70 per cent), and Energy (+1.66 per cent).

Top Sectors traded in the negative zone*: Healthcare (-2.35 per cent) and Technology (-0.83 per cent).

Crude Oil Prices*: WTI crude oil (future) price was tilting at $33.36 per barrel, and Brent future crude oil (future) price was nudging at $35.17 per barrel.

Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2238 and 0.8966, respectively.

Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.669 per cent, and the UK 10-Year Government Bond yield was hovering at 0.190 per cent, respectively. 

*At the time of writing




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