What All You Need To Know About The FTSE’s Performance On March 1, 2019?

  • Mar 01, 2019 GMT
  • Team Kalkine
What All You Need To Know About The FTSE’s Performance On March 1, 2019?

London’s broader equity benchmark FTSE 100 index ended 32.0 points higher against its Thursday’s close, with Consumer and Healthcare were top performing sectors on the FTSE 100 index.

Global Update: Shares in the United States were trading higher on Friday, at the time of writing Dow Jones (.DJI) was quoting higher at 26,007.21, up by 0.35%, S&P 500 (.SPX) added 12.71 points or 0.45% was trading at 2,796.16, and the technology benchmark Nasdaq Composite Index (.IXIC) was quoting at 7,580.51, added 47.98 points or 0.64% in Friday's session.

Spain has approved measures to grant residency rights to Britons residing in Spain if the UK leaves the European Union without an agreement. 

As investors searched for higher yields, the dollar reached its 10-week high against the yen. The dollar was supported by GDP data published on Thursday that showed U.S. gross domestic product had grown by an annualised rate of 2.6 per cent in the fourth quarter, exceeding forecasts for a 2.3 per cent rise.

More data came from the US where personal income in January declined for the first time in more than three years. The report also reported inflation pressures remained tame; personal consumption expenditures (PCE) rose 0.2 per cent. A private survey from China showed the country's factory activity contracted for the third consecutive month in February, albeit at a slower pace.

According to a media survey, OPEC oil supply dropped by 300,000 barrels per day (bpd) to plunge to a four-year low in February.

European Market Update: European broader equity benchmark FTSE 100 index ended 32 points or 0.45% higher at 7,106.73 against its previous day closing price, the FTSE 250 index ended 218.30 points or 1.14% higher at 19,399.65 and the FTSE All Share index closed Friday’s session at 3,911.07, up by 22.26 points or 0.57% against its Thursday’s close. Another European equity benchmark STOXX 600 ended higher at 372.24, up by 1.44 points or 0.39% against its previous day close.

London Stock Exchange Cues

Top Performers: Stocks like ROBERT WALTERS PLC (RWA), MCCOLL'S RETAIL GROUP PLC (MCLS) and SIRIUS REAL ESTATE (SRE) were among the top performers on the London Stock Exchange and were up by 12.17 per cent, 11.66 per cent and 8.33 per cent respectively.

Top Losers: Stocks like FINDEL PLC (FDL), COATS GROUP PLC (COA) and RELX PLC (REL) were among the top losers on the London Stock Exchange and were down by 9.50 per cent, 8.01 per cent, and 6.85 per cent respectively.

Broader Market FTSE 100 Cues

Gainers: Stocks like WPP PLC (WPP), LONDON STOCK EXCHANGE GROUP PLC (LSE) and ITV PLC (ITV) were among the top gainers in the Friday’s session on the broader equity benchmark FTSE 100 index and were up by 4.89 per cent, 4.17 per cent, and 3.85 per cent respectively.

Laggards: Stocks like RELX PLC (REL), ROLLS-ROYCE HOLDINGS PLC (RR.) and FRESNILLO PLC (FRES) were among the top laggards on the FTSE 100 index in Friday’s session and were down by 6.85 per cent, 5.24 per cent, and 4.19 per cent respectively.

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

Sector Summary: In Friday's session, sectors like Consumer Cyclicals, Consumer Non-cyclicals and Healthcare were among the top performers on the FTSE 100 index and on the other side sectors like Industrials, Technology and Telecommunications Services were among the top laggards on the FTSE 100 index.

Commodity Cues*

  • Brent Crude was trading 1.90% lower at $65.05 per barrel.
  • West Texas Intermediate was quoting lower by 2.32% at $55.89 per barrel.
  • Gold was quoting lower at $1,293.65 an ounce.

London Metal Exchange Cues

Closing Price (as on 28th February 2019)

  • LME Aluminium was quoting higher at $1,893.00 per tonne against the previous close.
  • LME Lead was quoting higher at $2,154.00 per tonne against the previous close.

Forex Cues*

  • British Sterling was trading lower against the US Dollar (GBP/USD) at 1.3197.
  • Euro was trading higher against the British Pound (EUR/GBP) at 0.8608.

Money Market Cues*

  • US 10Y Treasury Bond yield was trading higher in Friday’s session at 2.755%.
  • UK 10Y Bond yield was trading higher in Friday’s session at 1.299%.

 

(*At the time of writing)

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