FTSE 100 recoup early losses led by mining and energy stocks

Follow us on Google News:
 FTSE 100 recoup early losses led by mining and energy stocks
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

 


UK Market News: The UK stock made a dismal start on Monday as the Russia-Ukraine war intensified and entered the 12th day. The blue-chip FTSE100 index, however recovered its early morning losses. The oil & gas stocks like Shell Plc (7.19%), BP Plc (3.55%) along with mining stocks like Antofagasta Plc (5.45%), Anglo American Plc (4.92%) supported the recovery, following the surge in crude oil and commodity price in the international markets.

Oxford Instruments Plc (LON: OXIG): The industrial and medical equipment company was down by over 24%, with a day’s low of GBX 1,600. The stock price declined after the company announced that its merger talks with FTSE 250-listed Spectris plc have been terminated amid global economic uncertainty due to the Russia-Ukraine conflict.

Evraz Plc (LON: EVR): The metal and mining company was up by over 52%, with a day’s high of GBX 91.20. The company’s stock was amongst top gainers witnessing some opportunistic buying from investors after a massive decline following the start of the Russia-Ukraine war. The share price is down by over 95% since 1 February 2022.

Ovoca Bio Plc (LON: OVB): The AIM-listed biopharmaceutical company was up by over 31%, with a day’s high of GBX 13.50 after the company issued a statement regarding its Russia operations. Although the company has operations in Russia, it derives over 90% of its cash flow from an international market other than Russia.

US Markets: The US market is likely to open lower tracking the global stock market selloff and as indicated by the futures indices. S&P 500 future was down by 27 points or 0.62% at 4,299, while the Dow Jones 30 future was down by 0.71% or 226 points at 33,356. The technology-heavy index Nasdaq Composite future was down by 0.60% at 13,757 (At the time of writing – 8:50 AM ET).

US Market News:

The retail company Bed Bath & Beyond (BBBY) surged by over 60% in premarket trading after a media report revealed that Ryan Cohen, co-founder of an online retail company, Chewy, has taken close to a 10% stake in the company.

iPhone maker, Apple Inc (AAPL), was in focus during the premarket trading session as the tech giant is expected to launch a new low-cost version of its iPhone SE model at an event on Tuesday.

European Indices Performance (at the time of writing):

European Indices Performance

FTSE 100 Index One Year Performance (as on 7 March 2022)

1 Year FTSE 100 Chart

(Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Glencore plc (GLEN), Vodafone Group Plc (VOD).

Top 2 Sectors traded in green*: Energy (6.09%), Basic Materials (3.26%).

Top 3 Sectors traded in red*: Consumer Non-Cyclicals (-3.34%), Real Estate (-1.32%), Financials (-1.27%).

London Stock Exchange: Stocks Performance (at the time of writing)

Stock Performance On LSE

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $122.95/barrel and $119.48/barrel, respectively.

Gold Price*: Gold price quoted at US$ 1,988 per ounce, up by 1.10% against the prior day’s closing.

Currency Rates*: GBP to USD: 1.3180; EUR to USD: 1.0891.

Bond Yields*: US 10-Year Treasury yield: 1.770%; UK 10-Year Government Bond yield: 1.2905%.

*At the time of writing

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Featured Articles