How The Market Performed In Tuesday’s Market Session?

August 27, 2019 11:10 PM BST | By Team Kalkine Media
 How The Market Performed In Tuesday’s Market Session?

Global Markets*:Â Shares in the United States were hovering in red zone, with the Dow Jones Industrial Average Index dipped by 78.32 points or 0.30% to 25,820.51, the S&P 500 index contracted by 5.58 points or 0.19% to 2,872.80 and the technology benchmark index Nasdaq Composite decreased by 21.22 points or 0.27% to 7,832.52 respectively.

Global News*: Industry body UK Finance reported that banks approved 43,342 mortgages in July, up from 42,775 in March, recording the most mortgages since February 2017, while net mortgage lending reported the biggest increase since March 2016 by increasing by GBP 2.947 billion last month. On Tuesday, Labour Party leader Jeremy Corbyn held talks with opposition parties to prevent a potentially chaotic no-deal exit at the end of October.

European Markets*: The London’s broader equity benchmark index FTSE 100 traded at 5.40 points or 0.08% lower at 7,089.58, the FTSE 250 index snapped 99.75 points or 0.52% higher at 19,335.88, and the FTSE All-Share Index ended 0.64 points or 0.02% higher at 3,899.22 respectively. Another European equity benchmark index STOXX 600 ended at 373.62, up by 2.34 points or 0.63 per cent.

European News*: The Conference Board said on Tuesday that the index on consumer confidence slipped to 135.1 in August, indicating that expectations declined moderately, but remained strong overall. The figure was above the expectations of the market and showed consumers have remained confident and willing to spend. Expectations of a trade deal between the US and China rose as President Donald Trump said he believed China was sincere about wanting to reach a deal and claimed US trade counterparts had been contacted Chinese authorities and offered to return to the negotiating table.

London Stock Exchange (LSE)

Top Performers*: RAVEN PROPERTY GROUP LIMITED (RAV), INTU PROPERTIES PLC (INTU) and PROVIDENT FINANCIAL PLC (PFG) are top performers of the day and up by 7.89%, 7.32% and 7.29% respectively.

Worst Performers*: CHESNARA PLC (CSN), TI FLUID SYSTEMS PLC (TIFS) and FERREXPO PLC (FXPO) are the top three laggards of the day and down by 6.07%, 5.94% and 5.53% respectively.

FTSE 100 Index

FTSE 100 Index Chart: 5-days Price Performance (as on August-27-2019), before the market closed. (Source: Thomson Reuters)

Performers*: NMC HEALTH PLC (NMC), STANDARD LIFE ABERDEEN PLC (SLA) and OCADO GROUP PLC (OCDO) are the top three gainers in today’s session and up by 6.54%, 4.11% and 3.54% respectively.

Laggards*: BRITISH AMERICAN TOBACCO PLC (BATS), FERGUSON PLC (FERG), and JUST EAT PLC (JE.) are top laggards at the FTSE 100 index and down by 2.77%, 1.74% and 1.58% respectively.

Active by Volume*: LLOYDS BANKING GROUP PLC (LLOY), HSBC HLDGS PLC (HSBA), and VODAFONE GROUP PLC (VOD).

Top Performing Sectors*: Utilities (+0.86%), Telecommunications Services (+0.43%), and Consumer Cyclicals (+0.36%).

Worst Performing Sectors*: Healthcare (-0.32%) and Financials (-0.26%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were trading at 1.2285 and 0.9030, respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were exchanging at 1.490% and 0.509% respectively.

* At the time of writing


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