Market Performance - FTSE 100 Halted In Green, Is The Pain Over Now!

February 21, 2019 10:51 AM AEDT | By Team Kalkine Media
 Market Performance - FTSE 100 Halted In Green, Is The Pain Over Now!

London’s broader equity benchmark FTSE 100 index rallied 49.45 points in Wednesday’s session, with Basic materials and financials driving the broader index.

Global Updates: Most of the Shares in US market opened flat on Wednesday, as market participants were looking at the Federal Reserve's minutes’ update from the latest meeting while gauging the latest developments in the US-Sino trade talks. At the time of writing (07:13 PM, GMT on February 20, 2019), Dow Jones Industrial Average (.DJI) was trading at 25, 924.17, up 32.85 points or 0.13 per cent, S&P 500 (.SPX) was at 2,782.96, up 3.20 points or 0.12 per cent and technology benchmark Nasdaq Composite (.IXIC) was down 1.61 points or 0.02 per cent respectively.

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Indices Performance (Source: Thomson Reuters)Â [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]

European Market: Britain’s broader equity benchmark FTSE 100 index (.FTSE) ended 49.45 points or 0.69 per cent higher against its previous close at 7,228.62, amid progressive trade talks going on between US and China.

STOXX 600 (.STOXX) ended 2.49 points or 0.67 per cent higher at 371.46 on Wednesday’s session. Other European benchmark indices traded in green, amid ongoing trade talks between US and China.

Indices Performance (Source: Thomson Reuters)

Brexit News: Three MPs of Tory Party have resigned on Wednesday to join an independent group, founded by ex-Labour MPs, and all of three wrote a letter to the British Prime Minister Theresa May to confirm their departure. Till Wednesday, eight MPs of Labour Party resigned from the party to be a part of an Independent Group.

London Stock Exchange Cues

Best Performers: Acacia Mining Plc (ACA.L), up 12.80 %, Superdry Plc (SDRY.L), up 7.36%, and Centamin Plc (CEY.L), up 6.7%.

Worst Performers: Mcbride Plc (MCB.L), down 33.23%, Sainsbury (J) Plc (SBRY.L), down 18.5% and Intu Properties Plc (INTU.L), down 7.7%.

Active Volume Stocks: Lloyds Banking Group Plc (LLOY.L), Glencore Plc (GLEN.L), Sainsbury (J) Plc (SBRY.L), Barclays Plc (BARC.L) and Vodafone Group Plc (VOD.L).

Broader Index – FTSE 100 Cues

Gainers: Wood Group (John) Plc (WG.L), up by 5.8%; GVC Holdings Plc (GVC.L), up by 5.5%; Kingfisher Plc (KGF.L), up by 5.4%

Laggards: Sainsbury (J) Plc (SBRY.L), down 18.5%; Morrison (WM) Supermarkets Plc (MRW.L), down 5.3%; Hikma Pharmaceuticals Plc (HIK.L), down 2.4%

FTSE 100 – Sector Report (Source: Thomson Reuters)

Commodity Cues*

  • Brent Crude Oil was trading higher at $67.15 per barrel
  • West Texas Intermediate Crude Oil was trading 1.44% higher at $56.92 per barrel
  • Gold was 0.01% lower at $1340.3 an ounce

London Metal Exchange Update

Closing Price (as on 19th Feb 2019)

  • LME Aluminium traded at $1833.50 per tonne, against the previous level of $1822.50 per tonne
  • LME Lead traded at $2009 per tonne, against Tuesday’s level of $2029 per tonne

Currency Market Cues*

  • British Pound was trading against the US Dollar (GBP/USD) at 1.30
  • Euro was trading against British Pounds (EUR/GBP) at 0.868

Money Market Cues

  • US 10Y Treasury Bond Yield was trading higher at 2.652%
  • British 10Y Treasury Bond Yield was trading lower at 1.178%

Note* At the time of writing


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