FTSE 100 Records a Strong Start to the Week

August 20, 2019 03:37 AM AEST | By Team Kalkine Media
 FTSE 100 Records a Strong Start to the Week

Global Markets: Broader indices in the United States have nudged up on the first trading session of this week, with the Dow Jones Industrial Average Index added 251.22 points or 0.97% to 26,137.23, the S&P 500 index was up by 37.82 points or 1.31% to 2,926.50 and the technology benchmark index Nasdaq Composite gained 118 points or 1.50% and quoting at 8,014.63, at the time of writing.

Global News: Iranian tanker, which was seized by British Royal Marines near Gibraltar in July, sailed for Greece after it was freed from detention off Gibraltar, against the wishes of the US. Iran warned seizure of the vessel again would have dire consequences after Gibraltar turned down a request by the US to seize it. Fuelled by growing hopes that major economies would resort to a stimulus to give a push to the economy, equity surged on Monday, and Treasury yields rose as appetite for risky assets rose.

European Markets: The broader equity benchmark index of the UK, the FTSE 100 index increased by 72.50 points or 1.02% against the previous closing level to 7,189.65, the FTSE 250 index surged by 276.12 points or 1.47% to 19,097.97 and the FTSE All-Share moved up by 42.63 points or 1.09% and ended the session at 3,936.29 respectively. Another European benchmark index STOXX ended 4.23 points or 1.14% higher to 373.86 respectively.

European News: As Prime Minister Boris Johnson reiterated his stance that he is ready to leave the European Union without a deal, urged France and Germany on Monday to negotiate a new exit deal for Britain and change their position on Brexit. The IHS Markit Household Finance Index declined to a three-month low of 43.7 in August, indicating British working-age households are becoming more cautious about making a major purchase. As crude prices were pushed higher after an attack on a Saudi oil facility by Yemeni separatists, sharp rises in oil company shares drove FTSE 100 higher on Monday to post the biggest one-day rise in more than 10 days.

London Stock Exchange (LSE)

Top Performers Stocks: GNK (GREENE KING PLC), TCG (THOMAS COOK GROUP PLC) and MARS (MARSTON'S PLC) are top performers of the day and up by 50.98%, 10.53% and 9.11% respectively.

Top Laggards Stocks: KAZ (KAZ MINERALS PLC), RDL (RDL REALISATION PLC) and ALFA (ALFA FINANCIAL SOFTWARE HOLDINGS PL) are the top three laggards of the day and down by 6.28%, 5.89% and 4.73% respectively.

FTSE 100 Index

FTSE 100 Index Chart: 5-days Price Performance (as on August-19-2019), after the market closed. (Source: Thomson Reuters)

Top Three Risers Stocks: OCDO (OCADO GROUP PLC), TUI (TUI AG) and GLEN (GLENCORE PLC) are the top three gainers in today’s session and up by 4.60%, 4.10% and 3.81% respectively.

Top Three Fallers Stocks: FRES (FRESNILLO PLC), PRU (PRUDENTIAL PLC), and SGE (SAGE GROUP PLC) are top laggards at the FTSE 100 index and down by 1.75%, 1.17% and 0.49% respectively.

Top Three Active Volume Stocks: LLOYDS BANKING GROUP PLC (LLOY), HSBC HLDGS PLC (HSBA), and BARCLAYS PLC (BARC).

Top Performers Sectors: Energy (+1.95%), Basic Materials (+1.46%) and Consumer Cyclicals (+1.44%).

Foreign Exchange and Fixed Income

FX Rates (at the time of writing): GBP/USD and EUR/GBP were trading at 1.2135 and 0.9136 respectively.

10-Year Bond Yields (at the time of writing): US 10Y Treasury and UK 10Y Bond yields were exchanging at 1.603% and 0.484% respectively.


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