How the European Equities Performed in Friday’s Trading Session?

  • May 29, 2020 BST
  • Team Kalkine
How the European Equities Performed in Friday’s Trading Session?

US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 15.01 points or 0.50 per cent lower at 3,014.72, Dow Jones Industrial Average Index contracted by 212.94 points or 0.84 per cent lower at 25,187.70, and the technology benchmark index Nasdaq Composite traded higher at 9,381.29, up by 12.30 points or 0.13 per cent against its previous day close (at the time of writing, before the U.S market close at 1:30 PM ET).

US News: Wall Street tumbled as President Trump is set to hold a conference over China which made the investor sentiment jittery. Meanwhile, US Consumer spending plunged and touched a record low in April amid the lockdown restrictions. Also, the US crude oil dropped 1.7 per cent to USD 33.14 a barrel. Among the gaining stocks, Zscaler jumped over 24.5 per cent as its revenue increased by 40 per cent in the first-quarter 2020. AstraZeneca PLC gained around 0.8 per cent after reporting progress with a lung cancer drug. Among the decliners, Boeing shed about 2.6 per cent due to apprehension regarding repercussions of US-China dispute. Twitter dipped around 3.9 per cent as President Trump signed an executive order for greater regulation on social media platforms. Similarly, Salesforce.com plunged around 5.0 per cent post slashing its full-year guidance for earnings per share. Ulta Beauty fell over 4.3 per cent after reporting weak quarterly results.

S&P 500 (SPX)

Top Performers*: Dollar General Corp, Domino’s Pizza Inc, and Citrix Systems Inc shares increased by 3.68 per cent, 2.32 per cent and 2.31 per cent, respectively.

Non Performers*: Nordstrom Inc, DXIC Technology Co and Coty Inc shares decreased by 10.21 per cent, 8.45 per cent and 7.76 per cent, respectively.

NASDAQ Composite (IXIC)

Top Performers*: Sonoma Pharmaceuticals Inc, Adaptimmune Therapeutics Plc and Phio Pharmaceuticals Corp shares expanded by 165.06 per cent, 98.97 per cent and 79.02 per cent, respectively.

Worst Performers*: Minerva Neurosciences Inc, Arvinas Inc and ARCA Biopharma Inc shares plunged by 76.91 per cent, 31.86 per cent and 31.39 per cent, respectively.

Top Performing Sector*: Basic Materials (+0.23 per cent).

Top Worst Sectors*: Financials (-1.42 per cent), Consumer Non-Cyclicals (-1.34 per cent), and Telecommunications Services (-1.29 per cent).

Dow Jones Industrial Average (DJI)

Top Performers*: Home Depot Inc and Intel Corp shares climbed by around 0.96 per cent and 0.13 per cent, respectively.

Worst Performers*: Raytheon Technologies Corp, Boeing Co and Caterpillar Inc shares plunged by 3.11 per cent, 2.78 per cent and 2.15 per cent, respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 142.19 points or 2.29 per cent lower at 6,076.60, the FTSE 250 index snapped at 295.52 points or 1.70 per cent lower at 17,042.96, and the FTSE All-Share Index ended 73.63 points or 2.14 per cent lower at 3,363.67, respectively. Another European index STOXX 600 ended down by 5.11 points or 1.44 per cent, at 350.36. Among other major European indices, DAX index closed the session at 11,586.85, down by 194.28 points or 1.65 per cent; CAC 40 index decreased by 75.95 points or 1.59 per cent and ended the trading session at 4,695.44.

European News: London and European markets retreated for the first time in this week today as escalating tension between Washington and Beijing humidified the optimism of revival in economic activities. Meanwhile, the business confidence in the United Kingdom plummeted to -33 in May which is matching a record low in December 2008. Among the gaining stocks, SIG PLC surged over 5.9 per cent post unveiling plans to raise GBP 150 million. Flutter Entertainment gained over 1.6 per cent post placing ordinary shares. B&M European Value Retail jumped over 5.3 per cent after posting a strong performance in the trading update. Among the decliners, Rolls-Royce tumbled around 13.1 per cent as the credit rating agency Standard & Poor’s cut its rating to junk amid the air travel slump. DWF Group slumped over 17.7 per cent as its CEO, Andrew Leaitherland, intended to step down from his position.

London Stock Exchange 

Top Three Performers*: RENEWI PLC (RWI), LAMPRELL PLC (LAM) and FUTURE PLC (FUTR) accelerated significantly by 23.79 per cent, 9.87 per cent and 7.69 per cent, respectively. 

Worst Performers*: DWF GROUP PLC (DWF), INTU PROPERTIES PLC (INTU) and TUI AG (TUI) plunged by 18.62 per cent, 14.47 per cent and 13.93 per cent, respectively. 

FTSE 100 Index Performance

3 months FTSE 100 Index Performance (May-29-2020), before the market closed (Source: Refinitiv, Thomson Reuters)

Best Gainers*: OCADO GROUP PLC (OCDO), BRITISH LAND CO PLC (BLND) and AUTO TRADER GROUP PLC (AUTO) expanded by 4.23 per cent, 2.74 per cent and 1.68 per cent, respectively.

Non Performers*: ROLLS-ROYCE HOLDINGS PLC (RR.), CARNIVAL PLC (CCL) and CENTRICA PLC (CNA) traded in red zone and decreased by 12.88 per cent, 9.25 per cent and 8.37 per cent, respectively.

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

Top Sectors traded in the positive zone*: Technology (+0.59 per cent) and Utilities (+0.01 per cent).

Top Sectors traded in the negative zone*: Energy (-3.48 per cent), Financials (-3.24 per cent), and Consumer Cyclicals (-3.13 per cent).

Crude Oil Prices*: WTI crude oil (future) price was tilting at $33.70 per barrel, and Brent future crude oil (future) price was nudging at $36.15 per barrel.

Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2309 and 0.9007, respectively.

Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.661 per cent, and the UK 10-Year Government Bond yield was hovering at 0.185 per cent, respectively. 

 

*At the time of writing

 

 


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