How the FTSE 100 Index Performed in Wednesday’s Trading Session?

  • Nov 27, 2019 GMT
  • Team Kalkine
How the FTSE 100 Index Performed in Wednesday’s Trading Session?

Global Markets: On 27th November 2019, US stocks across the board were buzzing in green, with the Dow Jones Industrial Average (DJIA) Index scaled up by 48.25 points or 0.17% higher at 28,169.93, the broader S&P 500 (SPX) index leapt up by 12.50 points or  0.40% higher at 3,153.00, and the technology benchmark index Nasdaq Composite (IXIC) zoomed by 50.28 points or 0.58% higher at 8,698.22 (at the time of writing, before the U.S market close at 2:00 PM ET).

Global News: On 27th November 2019, Wall Street opened marginally higher than a day before as the investors looked forward to announcement around economic indicators just before thanksgiving. Deere and Company stock was down by around 4.9 per cent after an uncertainty was highlighted in its earnings report, even though there was a rise in sales in the fourth quarter. Dell was down by 5 per cent post reducing its guidance on sale, because of a shortage in Intel’s CPU chips. An analyst boosted its ratings for Under Armour to “buy”, post which the company’s stock jumped 3 per cent. Tesla’s Cybertruck had received 250,000 pre-orders, as tweeted by Elon Musk, post which its stock was up slightly by 0.6 per cent. In terms of other technology stocks, Apple was up marginally by 0.4 per cent, after reports suggesting that it has demanded an increase in production for its AirPods. The FAA announced that it would take the lead in the investigation of any newly developed Boeing 737 Max jets, which could lead to additional delays in the jets coming to the market, which lead to a plunge in Boeing’s stock by 0.9 per cent.

S&P 500 (SPX)

Top Performers*: Under Armour Inc and Keysight Technologies Inc are top gainers and increased by 6.19% and 2.15% respectively.

Worst Performers*: Deere & Co, Boeing Co, and Fiserv Inc are the top three beaten down stocks and decreased by 5.01%, 1.72% and 1.14% respectively.

NASDAQ Composite (IXIC)

Top Performers*: Ocugen Inc, CTI Industries Corp, and Safe-T Group Ltd are top gainers and increased by 48.22%, 44.08% and 41.03% respectively.

Worst Performers*: Benitech Biopharma Ltd, Central Garden & Pet Co are the top two laggards and decreased by 21.33% and 20.20% respectively.

Top Performing Sectors*: Telecommunication services (up 0.55%), Energy (up 0.26%) and Technology (up 0.26%).

Worst Performing Sectors*: Utilities (- 0.01%) and Industrials (- 0.05%).

Dow Jones Industrial Average (DJI)

Top Performers*: Pfizer Inc, Nike Inc and Apple Inc are top gainers and increased by 0.86%, 0.53% and 0.52% respectively.

Worst Performers*: Intel Corp, Boeing Co and Caterpillar Inc were the major beaten down stocks and shrinked by 1.56%, 1.48%, and 1.17% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 26.64 points or 0.36% higher at 7,429.78, the FTSE 250 index snapped 89.40 points or 0.43% higher at 20,954.32, and the FTSE All-Share Index ended 15.32 points or 0.37% higher at 4,108.09 respectively. Another European equity benchmark index STOXX 600 ended at 409.81, up by 1.32 points or 0.32 per cent.

European News: Industrial survey conducted in UK on 25 November 2019 has revealed that the sentiments of British shoppers have been improving with retailers registering a pickup in sales, fuelling hopes for a much better Christmas this year, it is worth mentioning here that the British consumer confidence has been falling during previous several months on account of Brexit Jittery. In other news Prime minister Boris Johnson in the run up to general elections to be held on 12 December 2019 in United Kingdom has announced £23.5 billion tax cut in order to attract voters.

In corporate news, Cigarette maker British American Tobacco reported a slump in revenues on account of a decline in sale of Vaping (cigarette alternative) in the United States of America. In other news, City Football Group the owners of Manchester city have sold 10 per cent stake in the team to Unites states private equity firm Silver lake for a sum of $500 million  or £389.4 million.

 On 27th November 2019, The FTSE 100 Index was in really high waters as it ended in the green for a fourth session running, and at the same time setting a two month high. This jump has come after the news sources suggested that the United States of America and China are nearing a trade deal, which marked an increase in the investor’s confidence.

London Stock Exchange (LSE)

Top Performers*: CONNECT GROUP PLC (CNCT), INDIVIOR PLC (INDV) and ASTON MARTIN LAGONDA GLOBAL HOLDING (AML) are top performers of the day and up by 8.80%, 7.88% and 7.47% respectively.

Worst Performers*: FUTURE PLC (FUTR), PETS AT HOME GROUP PLC (PETS) and GEM DIAMONDS LD (GEMD) are the top three laggards of the day and down by 8.14%, 5.14% and 4.92% respectively.

FTSE 100 Index

 Share Price 5 day Chart (as on November-27-2019, before the market closed) (Source: Thomson Reuters)

Performers*: HISCOX LD (HSX), PRUDENTIAL PLC (PRU) and BRITISH AMERICAN TOBACCO PLC (BATS) were in the bright spot in today’s session and up by 2.80%, 2.72% and 2.58% respectively.

Laggards*: JOHNSON MATTHEY PLC (JMAT), ROLLS-ROYCE HOLDINGS PLC (RR.), and JD SPORTS FASHION PLC (JD.) are the beaten down stocks  at the FTSE 100 index and down by 2.79%, 2.73% and 2.69% respectively.

Active by Volume*: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and BARCLAYS PLC (BARC).

Top Performing Sectors*: Technology (1.45%), Telecommunications Services (1.34%), and Financials (0.84%).

Worst Performing Sectors*: Industrials (- 0.12%) and Energy ( - 0.01%).

Foreign Exchange Rates*: GBP/USD and EUR/GBP currency pair traded at 1.2904 and 0.8527, respectively.

US and UK Bond Yields (10-Year)*: U.S 10-Year Treasuries yield was quoting at 1.762%, and the UK 10-Year Government Bond yield was trading at 0.671%, respectively.

 

 

*At the time of writing the report

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