UK Stocks Edged Higher At The Closing Bell

May 30, 2019 06:00 AM BST | By Team Kalkine Media
 UK Stocks Edged Higher At The Closing Bell

Global Markets: Equity benchmark indices in the United States were trading in green, with the S&P 500 Index added 3.84 points or 0.13 per cent to 2,787.37, the Dow Jones Industrial Average increased marginally against the yesterday’s session at 25,163.05 and the technology benchmark index increased by 20.34 points or 0.27 per cent to 7,567.65 respectively, at the time of writing.

Global News: The US economic growth grew in the first quarter, with GDP rising at an annualised rate of 3.1%. Inflation pressures were much weaker than initially thought as a measure of inflation tracked by the Fed increased at a 1.0% rate last quarter, against 1.3% reported previously. President Donald Trump said trade talks with China are doing well, helping the US stocks to rise for the first time this week on Thursday, while yields rose off 20-month lows as the market showed improved risk appetite.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 32.86 points or 0.46% higher at 7,218.16, the FTSE 250 index snapped 165.40 points or 0.87% higher at 19,111.51, and the FTSE All-Share Index ended 20.01 points or 0.51% higher at 3,954.18 respectively. European benchmark index STOXX 600 ended 1.56 points or 0.42% higher at 372.07 respectively.

European News: Resisting pressure from shadow cabinet ministers to commit to second referendum, Jeremy Corbyn said that a public vote was some way off and the Labour party was still willing to negotiate. While Boris Johnson, the frontrunner to replace May, has said the United Kingdom should leave the EU on Oct. 31 with or without a deal, Finance Minister Philip Hammond said no-deal Brexit would imperil economy, and such scenario should be off the table. For the first time since the January 3 flash crash, Sterling fell below $1.26 on Thursday amid increasing political uncertainties.

London Stock Exchange (LSE)

Top Performers Stocks: APTITUDE SOFTWARE GROUP PLC (APTD), KIER GROUP PLC (KIE), and PURETECH HEALTH PLC (PRTC) surged by 15.87 per cent, 12.53 per cent and 9.95 per cent respectively.

Top Laggards Stocks: DE LA RUE PLC (DLAR), COUNTRYWIDE PLC (CWD), and INTERNATIONAL PERSONAL FINANCE PLC (IPF) decreased by 33.99 per cent, 8.81 per cent and 6.65 per cent respectively.

FTSE 100 Index

 FTSE100 Index: 5-days Price Chart as on May 30, 2019. (Source: Thomson Reuters)

Top Risers Stocks: RIGHTMOVE PLC (RMV), STANDARD LIFE ABERDEEN PLC (SLA) and HALMA PLC (HLMA) rose by 3.33 per cent, 2.95 per cent and 2.92 per cent respectively.

Top Fallers Stocks: MARKS AND SPENCER GROUP PLC (MKS), NATIONAL GRID PLC (NG.) and JOHNSON MATTHEY PLC (JMAT) reduced by 4.70 per cent, 4.63 per cent and 4.33 per cent respectively.

Top Active Volume Leaders: VODAFONE GROUP PLC, LLOYDS BANKING GROUP PLC, and HSBC HOLDINGS PLC.

Top Risers Sectors: Technology (+1.24%), Industrials (+1.15%) and Consumer Cyclicals (+0.90%).

Top Fallers Sectors: Utilities (-2.40%) and Healthcare (-0.07%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2612 and 0.8829 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.217% and 0.904% respectively.Â

*At the time of writing


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