Key Updates on Global Markets’ Trading Performance

  • May 13, 2020 BST
  • Team Kalkine
Key Updates on Global Markets’ Trading Performance

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 54.72 points or 1.91 per cent lower at 2,815.40, Dow Jones Industrial Average Index contracted by 496.75 points or 2.09 per cent lower at 23,268.03, and the technology benchmark index Nasdaq Composite traded lower at 8,821.43, down by 181.12 points or 2.01 per cent against its previous day close (at the time of writing, before the U.S market close at 1:45 PM ET).

US News: Wall Street tumbled in Wednesday’s market session as Federal Reserve Chairman Jerome Powell stated that the additional fiscal support might be required to avoid economic damage in the long run. Moreover, the sentiments were hammered by the likelihood of delay in re-opening of economic activities as infection rate is surging. Among the stocks, Royal Caribbean Cruises dipped over 1.5 per cent as it offered USD 3.3 billion in bonds. Walt Disney slightly dropped over 0.9 per cent as it filed to raise USD 11 billion in long-term debt. On the flip side, JC Penny surged over 27 per cent as it is seeking to secure USD 450 million in debtor-in-possession financing. United Natural Foods soared over 38 per cent post reporting robust third-quarter earnings.

 S&P 500 (SPX)

Top Performers*: BlackRock Inc, Regeneron Pharmaceuticals Inc, and Illumina Inc shares increased by 5.50 per cent, 3.87 per cent and 3.47 per cent, respectively.

Non Performers*: Coty Inc, SL Green Realty Corp and Apache Corp shares decreased by 10.39 per cent, 8.10 per cent and 6.79 per cent, respectively.

NASDAQ Composite (IXIC)

Top Performers*: Energy Focus Inc, Aerpio Pharmaceuticals Inc and Aviat Networks Inc shares expanded by 55.33 per cent, 35.79 per cent and 35.04 per cent, respectively.

Worst Performers*: Varex Imaging Corp, KemPharm Inc and Acer Therapeutics Inc shares plunged by 29.07 per cent, 21.88 per cent and 18.27 per cent, respectively.

Top Performing Sectors*: Healthcare (+1.15 per cent), Technology (+0.76 per cent) and Consumer Cyclicals (+0.38 per cent).

Top Worst Sectors*: Utilities (-1.76 per cent), Financials (-0.99 per cent), and Energy (-0.87 per cent).

Dow Jones Industrial Average (DJI)

Top Performers*: Merck & Co Inc, Intel Corp and Home Depot Inc are the top gainers and increased by 1.43 per cent, 1.42 per cent and 1.40 per cent, respectively.

Non Performers*: Raytheon Technologies Corp, Exxon Mobil Corp and Dow Inc shares decreased by 3.31 per cent, 2.99 per cent and 2.72 per cent, respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 90.72 points or 1.51 per cent lower at 5,904.05, the FTSE 250 index snapped at 294.92 points or 1.82 per cent lower at 15,878.12, and the FTSE All-Share Index ended 50.80 points or 1.54 per cent lower at 3,243.83, respectively. Another European index STOXX 600 ended down by 6.60 points or 1.94 per cent, at 333.97. Among other major European indices, DAX index closed the session at 10,542.66, down by 276.84 points or 2.56 per cent; CAC 40 index decreased by 127.55 points or 2.85 per cent and ended the trading session at 4,344.95.

European News: London and European markets tumbled as the British economy shrank by 5.8 per cent in March (according to the data from the Office for National Statistics), while retail sales collapsed 19 per cent in April amid the lockdown scenario. Moreover, the investor sentiments were dented by a rise in COVID-19 infection rate post lockdown easing. Meanwhile, Britain’s government introduced GBP 10 billion aid programme for self-employed workers. Among the stocks, Aston Martin plunged over 13 per cent post reporting a pre-tax loss in the first quarter. Similarly, Commerzbank and ABN Amro dropped over 3 per cent and 5 per cent, respectively after reporting first-quarter loss influenced by bad loan provisions. Among the gaining stock, Stock Spirits surged over 17 per cent after reporting strong half-yearly results.

London Stock Exchange

Top Performers*: LSL PROPERTY SERVICES PLC (LSL), STOCK SPIRITS GROUP PLC (STCK) and ELECTRA PRIVATE EQUITY PLC (ELTA) accelerated significantly by 11.80 per cent, 17.20 per cent and 6.89 per cent, respectively.

Worst Performers*: LAMPRELL PLC (LAM), ASTON MARTIN LAGONDA GLOBAL HOLDING (AML) and CINEWORLD GROUP PLC (CINE) plunged by 17.54 per cent, 14.25 per cent and 14.04 per cent, respectively.

FTSE 100 Index Performance

 3 months FTSE 100 Index Performance (May-13-2020), before the market closed (Source: Refinitiv, Thomson Reuters)

Best Gainers*: HIKMA PHARMACEUTICALS PLC (HIK), SPIRAX-SARCO ENGINEERING PLC (SPX) and SAGE GROUP PLC (SGE) expanded by 3.83 per cent, 2.89 per cent and 2.69 per cent, respectively.

Non Performers*: MELROSE INDUSTRIES PLC (MRO), CARNIVAL PLC (CCL) and COMPASS GROUP PLC (CPG) traded in red zone and were down by 9.04 per cent, 8.96 per cent and 7.05 per cent, respectively.

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

Top Sectors traded in the positive zone*: Healthcare (+1.68 per cent) and Technology (+1.12 per cent).

Top Sectors traded in the negative zone*: Energy (-3.12 per cent), Consumer Cyclicals (-2.87 per cent), and Financials (-2.01 per cent).

Oil Prices*: WTI crude oil future price was nudging at $25.30 per barrel, and Brent crude oil future price was trading at $29.30 per barrel.

Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2235 and 0.8842, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was tilting at 0.654 per cent, and the UK 10-Year Government Bond yield was hovering at 0.206 per cent, respectively.

 

*At the time of writing.

 


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