What All You Need To Know About The FTSE’s Performance On March 12, 2019?

March 12, 2019 11:51 PM GMT | By Team Kalkine Media
 What All You Need To Know About The FTSE’s Performance On March 12, 2019?

London’s broader equity benchmark FTSE 100 index ended 20.53 points higher against its previous close, with Telecommunications Services and Technology were top performing sectors on the FTSE 100 index.

Global Updates: Shares in the United States were trading in mix, with Dow Jones (.DJI) was trading lower at 25,592.49, down by 58.39 points or 0.23% lower, the S&P 500 index was quoting at 2,794.88, added 11.58 points or 0.42% higher against its previous day close and the technology benchmark index Nasdaq Composite was trading at 7,588.20, added 30.13 points or 0.40% higher.[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]

The US consumer prices rose by 0.2 per cent, the first increase in the last four months in February, though the pace was modest. The low speed of growth meant that the Consumer Price Index reported the smallest annual gain in nearly 2-1/2 years.

Britain has suspended operations of Boeing 737 MAX aircraft, following similar actions around the world, further escalating global alarm after a crash in Ethiopia which was the second such disaster for the model in the past few months. The decision by British authorities was the most serious setback yet for Boeing.

Brexit Updates: Two months after facing a humiliating defeat, British Prime Minister Theresa May is taking her Brexit withdrawal deal back to parliament after winning legally binding new assurances from the EU on her divorce deal. However, the vote hung in the balance as the PM failed to win over the main Brexit faction in her Conservative Party.

European Market Updates: European broader equity benchmark FTSE 100 index ended 20.53 points or 0.29% higher at 7,151.15 against its previous day closing price, the FTSE 250 index ended 50.90 points or 0.27% higher at 19,143.96 and the FTSE All Share index closed Tuesday’s session at 3,921.60, up by 10.80 points or 0.28% against its Monday’s close. Another European equity benchmark STOXX 600 ended lower at 373.25, down by 0.22 points or 0.06% against its previous day close.

London Stock Exchange Cues

Top Performers: Stocks like QUILTER PLC (QLT), SIRIUS MINERALS PLC (SXX) and GEORGIA HEALTHCARE GROUP PLC (GHG) were among the top performers on the London Stock Exchange and were up by 8.31 per cent, 7.86 per cent and 5.79 per cent respectively.

Top Losers: Stocks like GULF MARINE SERVICES PLC (GMS), ENQUEST PLC (ENQ) and EQUINITI GROUP PLC (EQN) were among the top losers on the London Stock Exchange and were down by 14.96 per cent, 13.85 per cent, and 8.28 per cent respectively.

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Broader Market FTSE 100 Cues

Gainers: Stocks like EVRAZ PLC (EVR), SCHRODERS PLC (SDR) and TAYLOR WIMPEY PLC (TW.) were among the top gainers in the Tuesday’s session on the broader equity benchmark FTSE 100 index and were up by 2.65 per cent, 2.53 per cent, and 2.22 per cent respectively.

Laggards: Stocks like GVC HOLDINGS PLC (GVC), RENTOKIL INITIAL PLC (RTO) and INTERTEK GROUP PLC (ITRK) were among the top laggards on the FTSE 100 index in the Tuesday’s session and were down by 3.40 per cent, 2.12 per cent, and 1.99 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: In Tuesday’s session sectors like Telecommunications Services, Technology and Utilities were top performing sectors on the broader equity benchmark FTSE 100 Index and sectors like Healthcare and Industrials were laggards on the FTSE 100 index.

Commodity Cues*

  • Brent Crude was trading 0.17% higher at $66.69 per barrel.
  • West Texas Intermediate was quoting higher by 0.28% at $56.95 per barrel.
  • Gold was quoting higher at $1,301.25 an ounce.

London Metal Exchange Cues

Closing Price (as on Mar-11-2019)

  • LME Aluminium was quoting lower at $1,830.00 per tonne against the previous close.
  • LME Lead was quoting higher at $2,081.00 per tonne against the previous close.

Forex Cues*

  • British Sterling was trading lower against the US Dollar (GBP/USD) at 1.3082.
  • Euro was trading higher against the British Pound (EUR/GBP) at 0.8634.

Money Market Cues*

  • US 10Y Treasury Bond yield was trading lower in Tuesday’s session at 2.605%.
  • UK 10Y Bond yield was trading lower in Tuesday’s session at 1.152%.

(At the time of writing)


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