What All You Need To Know About The FTSE's Performance On February 27, 2019?

February 27, 2019 11:36 PM GMT | By Team Kalkine Media
 What All You Need To Know About The FTSE's Performance On February 27, 2019?

London's broader equity benchmark FTSE 100 index ended 43.92 points lower against its Tuesday's close, Telecommunications Services and Consumer Non-Cyclicals dragged the FTSE 100 into the red.

Global Updates: Shares in the United States opened lower, amid US-North Korea nuclear summit begin in Hanoi. At the time of writing Dow Jones (.DJI) was down by 61.96 points or 0.24%, at 25,996.02, S&P 500 (.SPX) was quoting at 2,787.59, down by 6.3 points or 0.23% and technology benchmark Nasdaq Composite (.IXIC) fell by 22.81 points or 0.30% at 7,526.49 respectively.

European Market Updates: European broader equity benchmark FTSE 100 index ended 43.92 points or 0.61% lower at 7,107.2 against its previous day closing price, the FTSE 250 index ended 116.93 points lower or 0.61% at 19,153.75 and the FTSE All Share index closed Wednesday’s session at 3,902.74, down by 23.16 points or 0.59% against its Tuesday’s close. Another European equity benchmark STOXX 600 ended lower at 372.58, down by 1.06 points or 0.28% against its previous day close. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]

London Stock Exchange Cues

Top Performers: Stocks like TARSUS GROUP PLC (TRS), FORTERRA PLC (FORT) and THOMAS COOK GROUP PLC (TCG) were among the top performers on the London Stock Exchange and were up by 8.01 per cent, 5.61 per cent and 5.03 per cent respectively.

Top Losers: Stocks like METRO BANK PLC (MTRO), MARKS AND SPENCER GROUP PLC (MKS) and TED BAKER PLC (TED) were among the top losers on the London Stock Exchange and were down by 26.54 per cent, 12.47 per cent, and 9.0 per cent respectively.

Broader Market FTSE 100 Cues

Gainers: Stocks like TAYLOR WIMPEY PLC (TW), OCADO GROUP PLC (OCDO) and PERSIMMON PLC (PSN) were among the top gainers in the Wednesday’s session on the broader equity benchmark FTSE 100 index and were up by 3.54 per cent, 2.93 per cent, and 2.34 per cent respectively.

Laggards: Stocks like MARKS AND SPENCER GROUP PLC (MKS), NMC HEALTH PLC (NMC) and HISCOX LTD (HSX) were among the top laggards on the FTSE 100 index in Wednesday’s session and were down by 12.47 per cent, 4.31 per cent, and 3.79 per cent respectively.

Top Active Volume Movers: Stocks like LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD) and BARCLAYS PLC (BARC) were among the top active volume stocks on the FTSE 100 Index.

Sector Summary: Only Technology and Financials sector ended in green, rest all the sectors on the broader index FTSE 100 ended lower, among those Telecommunications Services and Consumer Non-Cyclicals were the worst performers.

Commodity Cues*

  • Brent Crude was trading 1.79% higher at $66.53 per barrel.
  • West Texas Intermediate was quoting higher by 2.56% at $56.92 per barrel.
  • Gold was quoting lower at $1,321.25 an ounce.

London Metal Exchange Cues

Closing Price (as on 27th February 2019)

  • LME Aluminium was quoting higher at $1,898.50 per tonne.
  • LME Lead was quoting higher at $2,107.00 per tonne.

Forex Cues*

  • British Sterling was trading higher against the US Dollar (GBP/USD) at 1.3305.
  • Euro was trading lower against British Pound (EUR/GBP) at 0.8548.

Money Market Cues*

  • US 10Y Treasury Bond yield was trading higher in Wednesday’s session at 2.695%.
  • UK 10Y Bond yield was trading lower in Wednesday’s session at 1.273%.

Key Events to Watch (28th February 2019)

  • Gfk Consumer Confidence -Feb, the UK.
  • Nationwide Housing Prices YoY, the UK.
  • US Fed Clarida Speech, USA
  • Continuing jobless claims and initial jobless claims, USA

(*At the time of writing)


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