Global Equities Retreat in Monday’s Trading Session; FTSE-100 Index Marginally up by 0.06%

  • May 11, 2020 BST
  • Team Kalkine
Global Equities Retreat in Monday’s Trading Session; FTSE-100 Index Marginally up by 0.06%

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 9.76 points or 0.33 per cent higher at 2,939.56, Dow Jones Industrial Average Index marginally up by 1.69 points or 0.01 per cent higher at 24,333.01, and the technology benchmark index Nasdaq Composite traded higher at 9,206.07, up by 84.75 points or 0.93 per cent against its previous day close (at the time of writing, before the U.S market close at 1:15 PM ET).

US News: Wall Street remained volatile in Monday’s trading session as the revival of economic activity raises apprehensions regarding the increase in infection rate as the cases spiked in South Korea. Meanwhile, House Democrats are preparing the new stimulus bill. Among the stocks, Cardinal Health rose over 5 per cent after stating better than expected first-quarter results. Abbott Lab. surged around 1 per cent as it received second Emergency Use Authorization from the US FDA. In contrast, Marriott International tumbled over 5 per cent post reporting a decline in first-quarter financial performance. Similarly, Under Armour plunged 13 per cent as it witnessed a greater first-quarter loss than expected. Meanwhile, Chesapeake Energy shed around 4 per cent after posting its 10-Q filing and reporting suspicion about its ability to navigate through the oil price crash scenario. United Airlines plummeted over 6 per cent after dropping the plan to offer USD 2.25 billion in debt.

 S&P 500 (SPX)

Top Performers*: Cardinal Health Inc, Marketaxess Holdings Inc, and Vertex Pharmaceuticals Inc shares increased by 6.90 per cent, 4.69 per cent and 3.68 per cent, respectively.

Non Performers*: Under Armour Inc, Under Armour Inc and Mosaic Co shares decreased by 11.92 per cent, 11.86 per cent and 10.16 per cent, respectively.

NASDAQ Composite (IXIC)

Top Performers*: Cellect Biotechnology Ltd, MyoKardia Inc and Mediaco Holding Inc shares expanded by 91.14 per cent, 63.66 per cent and 57.59 per cent, respectively.

Worst Performers*: Recro Pharma Inc, Orbital Energy Group Inc and Cellectar Biosciences Inc shares plunged by 38.30 per cent, 35.17 per cent and 16.19 per cent, respectively.

Top Performing Sectors*: Healthcare (+1.69 per cent), Technology (+0.21 per cent) and Consumer Non-Cyclicals (+0.03 per cent).

Top Worst Sectors*: Basic Materials (-2.68 per cent), Utilities (-2.35 per cent) and Telecommunications Services (-1.70 per cent).

Dow Jones Industrial Average (DJI)

Top Performers*: Merck & Co Inc, Pfizer Inc and Intel Corp are the top gainers and increased by 0.99 per cent, 0.81 per cent and 0.69 per cent, respectively.

Non Performers*: American Express Co, Boeing Co and Caterpillar Inc shares decreased by 4.02 per cent, 3.51 per cent and 3.33 per cent, respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 3.75 points or 0.06 per cent higher at 5,939.73, the FTSE 250 index snapped at 23.55 points or 0.14 per cent higher at 16,271.49, and the FTSE All-Share Index ended 2.71 points or 0.08 per cent higher at 3,273.26, respectively. Another European index STOXX 600 ended down by 1.35 points or 0.40 per cent, at 339.70. Among other major European indices, DAX index closed the session at 10,824.99, down by 79.49 points or 0.73 per cent; CAC 40 index decreased by 59.42 points or 1.31 per cent and ended the trading session at 4,490.22.

European News: London and European markets surged with positive sentiments brought by the gradual revival of economic activities. However, the death rate remains bleak and surged by 210 to 32,065 in the United Kingdom. Among the stocks, Amryt rose over 3 per cent post reporting strong first-quarter results. Wirecard soared over 10 per cent post announcement regarding management reshuffling. Open Orphaned jumped over 20 per cent after announcing a contract with hVIVO. Union Jack surged 7 per cent after reporting its full-year 2019 results. Similarly, Halfords Group PLC climbed over 17 per cent as it is expecting growth in cycling business with lockdown easing. Among the laggards, Victrex dipped over 1.5 per cent with anticipation of headwinds in the second quarter. IAG fell around 2.7 per cent after the CEO’s statement regarding the liquidity crunch.

London Stock Exchange

Top Performers*: BATM ADVANCED COMMUNICATIONS LD (BVC), SCHRODER UK PUBLIC PRIVATE TST PLC (SUPP) and HALFORDS GROUP PLC (HFD) accelerated significantly by 18.80 per cent, 18.01 per cent and 16.51 per cent, respectively.

Worst Performers*: HYVE GROUP PLC (HYVE), BROWN(N.)GROUP PLC (BWNG) and RESTAURANT GROUP PLC (RTN) plunged by 11.50 per cent, 11.48 per cent and 10.42 per cent, respectively.

FTSE 100 Index Performance

 3 months FTSE 100 Index Performance (May-11-2020), before the market closed (Source: Refinitiv, Thomson Reuters)

Best Gainers*: HARGREAVES LANSDOWN PLC (HL.), AUTO TRADER GROUP PLC (AUTO) and RECKITT BENCKISER GROUP PLC (RB.) expanded by 4.88 per cent, 3.96 per cent and 3.31 per cent, respectively.

Non Performers*: CENTRICA PLC (CNA), EASYJET PLC (EZJ) and EVRAZ PLC (EVR) traded in red zone and were down by 8.34 per cent, 8.09 per cent and 6.44 per cent, respectively.

Top Shares traded with high-level volume*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE GROUP PLC; (CNA) CENTRICA PLC.

Top Sectors traded in the positive zone*: Consumer Non Cyclicals (+1.33 per cent), Technology (+1.13 per cent) and Healthcare (+0.67 per cent).

Top Sectors traded in the negative zone*: Basic Materials (-1.88 per cent), Financials (-1.05 per cent), and Industrials (-0.96 per cent).

Oil Prices*: WTI crude oil future price was nudging at $24.50 per barrel, and Brent crude oil future price was trading at $29.98 per barrel.

Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2346 and 0.8757, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was tilting at 0.715 per cent, and the UK 10-Year Government Bond yield was hovering at 0.275 per cent, respectively.

 

*At the time of writing.

 


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