Real Estate and Industrial Shares Lifted FTSE 100 Higher

3 min read | May 20, 2021 11:22 AM PDT | By Team Kalkine Media

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 42.42 points or 1.03 per cent higher at 4,158.10, Dow Jones Industrial Average Index surged by 240.22 points or 0.71 per cent higher at 34,136.26, and the technology benchmark index Nasdaq Composite traded higher at 13,504.11, up by 204.37 points or 1.54 per cent against the previous day close (at the time of writing - 11:30 AM ET).

US Market News: The major indices of Wall Street traded in a green zone after a drop in the initial jobless claims. Among the gaining stocks, Virgin Galactic Holdings (SPCE) shares jumped by about 13.90% after the Company updated that the next test flight of SpaceShipTwo Unity would occur on 22 May 2021. Synopsis (SNPS) shares went up by about 1.64% after the Company had beaten the top-line and bottom-line estimates for the latest quarter. Among the declining stocks, BJ’s Wholesale Club Holdings (BJ) shares plunged by about 8.29% after the Company remained cautious and pointed that it would be difficult to forecast the remainder of 2021. Shoe Carnival (SCVL) shares went down by around 0.93% after the Company had indicated a drop in current-quarter sales.

UK Market News: The London markets traded in a green zone after heavy losses made in the previous trading session. Moreover, Bitcoin also rebound after witnessing a slump yesterday.

Royal Mail shares went up by about 1.18% after the Company had reported most of the revenue from parcels rather than letters. Moreover, the annual pre-tax profit had increased to 726 million pounds.

FTSE 100 listed Kingfisher shares went down by around 0.93%, even after the Company had delivered strong revenue growth of around 64% on an LFL basis for the first quarter.

Watches of Switzerland had shown robust revenue growth during FY21, benefitted by the US-based sales. However, the shares went down by around 2.08%.

Trainline shares plunged by around 24.11% after the news that the government would set up a new state-owned body, which would decide the timetable and price. Moreover, it would manage the entire rail infrastructure.

Qinetiq Group shares jumped by about 1.58% after the Company had reported solid growth in top-line business and bottom-line business as it had recorded the largest annual order intake in a decade.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 20 May 2021)

              1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); BP Plc (BP).

Top 3 Sectors traded in green*: Real Estate (+1.43%), Industrials (+1.25%) and Consumer Healthcare (+1.08%).

Top 2 Sectors traded in red*: Basic Materials (-0.67%) and Energy (-0.35%).

London Stock Exchange: Stocks Performance (at the time of writing)

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $65.30/barrel and $62.14/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,877.25 per ounce, down by 0.23% against the prior day closing.

Currency Rates*: GBP to USD: 1.4184; EUR to GBP: 0.8615.

Bond Yields*: US 10-Year Treasury yield: 1.635%; UK 10-Year Government Bond yield: 0.8380%.

*At the time of writing


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.


Sponsored Articles


Investing Ideas

Previous Next