What All You Need to Know About The FTSE’s Performance on March 13, 2019?

London’s broader equity benchmark FTSE 100 index ended 8.04 points higher against its previous day close, with Energy and Technology were top performing sectors on the FTSE 100 index in the Wednesday’s session.[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]

Global Updates: Shares in the United States peel off gains in the Wednesday’s session as US President Donald Trump said the United States was going to announce the grounding of Boeing’s 737 MAX jets after a deadly crash in Ethiopia. At the time of closing, Dow Jones (.DJI) ended at 25,702.89, rose by 148.23 points or 0.58 per cent in the Wednesday’s session, S&P 500 Index (.SPX) surged by 19.40 points or 0.69 per cent to 2,810.92 and the technology benchmark Nasdaq Composite index (.IXIC) gained 52.37 points or 0.69 per cent to 7,643.40.

Brexit Updates:  British Prime Minister Theresa May witnessed another defeat in the House of Commons on yesterday’s vote. Around 75 MPs out of Theresa May Tory party joined hand with the opposition parties to defeat British Prime Minister EU divorce deal for a second time.As per promise made by the British Prime Minister last month, Members of the House will vote today on whether they support a Brexit without any agreement with the European Union, if they vote against a no-deal Brexit another vote is expected tomorrow, in which Members will decide whether they support the extension of Article 50 to delay Brexit from its scheduled date of March 29, 2019.

European Market Updates: The broader European equity benchmark index FTSE 100 gained 8.04 points or 0.11% to 7,159.19 in the Wednesday’s session, FTSE 250 index rose 36.13 points or 0.19% to 19,180.09 and FTSE All-Share added 5.30 points or up by 0.14% in the Wednesday’s session and ended at 3,926.90. Another European equity benchmark index STOXX 600 closed higher at 375.60, up by 2.35 points or 0.63% against Tuesday’s closing price.

London Stock Exchange Cues

Top Performers: Stocks like SIG PLC (SHI), PREMIER OIL PLC (PMO) and GULF MARINE SERVICES PLC (GMS) were among the top performers on the London Stock Exchange and were up by 6.89 per cent, 6.76 per cent and 6.55 per cent respectively.

Top Losers: Stocks like GEM DIAMONDS LIMITED (GEMD), DEBENHAMS PLC (DEB) and OXFORD BIOMEDICA PLC (OXB) were among the top losers on the London Stock Exchange and were down by 6.88 per cent, 5.59 per cent, and 4.80 per cent respectively.

Broader Market FTSE 100 Cues

Gainers: Stocks like STANDARD LIFE ABERDEEN PLC (SLA), BP PLC (BP.) and WOOD GROUP (JOHN) PLC (WG.) were among the top gainers in the Wednesday’s session on the broader equity benchmark FTSE 100 index and were up by 2.37 per cent, 2.09 per cent, and 1.99 per cent respectively.

Laggards: Stocks like GVC HOLDINGS PLC (GVC), HIKMA PHARMACEUTICALS PLC (HIK) and BRITISH AMERICAN TOBACCO PLC (BATS) were among the top laggards on the FTSE 100 index in the Wednesday’s session and were down by 4.58 per cent, 4.29 per cent, and 3.43 per cent respectively.

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

Sector Summary: In Wednesday’s session sectors like Energy, Technology and Basic Materials were top performing sectors on the broader equity benchmark FTSE 100 Index and sectors like Utilities, Consumer Non-Cyclicals and Healthcare were laggards on the broader FTSE 100 index.

Commodity Cues*

• Brent Crude was trading 1.48% higher at $67.66 per barrel.
• West Texas Intermediate was quoting higher by 2.58% at $58.34 per barrel.
• Gold was quoting higher at $1,309.50 an ounce.

London Metal Exchange Cues

Closing Price (as on Mar-12-2019)

• LME Aluminium was quoting higher at $1,851.00 per tonne against the previous close.
• LME Lead was quoting lower at $2,070.00 per tonne against the previous close.

Forex Cues*

• British Sterling was trading 0.08% lower against the US Dollar (GBP/USD) at 1.3326.
• Euro was trading 0.14% higher against the British Pound (EUR/GBP) at 0.8501.

Money Market Cues*

• US 10Y Treasury Bond yield was trading higher in Wednesday’s session at 2.625%.
• UK 10Y Bond yield was trading higher in Wednesday’s session at 1.20%.

(At the time of writing)