What All You Need To Know About the FTSE’s Performance On March 18, 2019?

  • Mar 18, 2019 GMT
  • Team Kalkine
What All You Need To Know About the FTSE’s Performance On March 18, 2019?

London’s broader equity benchmark FTSE 100 index ended 70.91 points higher against its previous close, with Basic Materials and Energy were top performing sectors on the FTSE 100 index in the Monday’s session.

Global Updates: Shares in the United States were quoting higher in the Monday's session, with Dow Jones (.DJI), rose 65.23 points or 0.25% to 25,914.10, S&P 500 Index was quoting at 2,832.94, increased by 10.46 points or 0.37% and the technology benchmark Nasdaq Composite rose by 25.95 points or 0.34% to 7,714.48 respectively.

Investors are waiting for the Federal Reserve's policy meeting outcome for a further idea on the pace of interest rate hikes. Two days of federal reserve meeting is going to start on Tuesday.

Shares of Facebook Inc plunged 3.3% in the Monday’s session post a top-rated analyst cut price target on the social media company’s stocks.

Brexit Updates: John Bercow, the Speaker of the House of Commons, has warned the government that he would not allow another vote on same Brexit deal. The warning came amid the reports that Theresa May is struggling to secure the support of Democratic Unionist Party and rebellious Tories for her Brexit deal.

European Market Update: European broader equity benchmark index FTSE 100 ended 70.91 points or 0.98% higher against its previous day close at 7,299.19, FTSE 250 index ended 4.33 points or 0.02% lower at 19,486.70, and the FTSE All-Share index gained 31.72 points or 0.80% in the Monday's session and closed at 4,000.03. Another European equity benchmark index STOXX 600 ended 1.01 points or 0.27% higher against its Friday's close at 382.11.

In Monday's session, FTSE 100 index hit October 8, 2018 high in late afternoon market session after British Pound tumbled sharply, as Brexit deal was thrown into new chaos after British Parliament speaker threw out allowing Theresa May to present her new Brexit deal for a new vote.

London Stock Exchange Cues

Top Performers: Stocks like XAAR PLC (XAR), INVESCO ASIA TRUST PLC (IAT) and VOLUTION GROUP PLC (FAN) were among the top performers on the London Stock Exchange and were up by 8.04 per cent, 6.96 per cent and 6.42 per cent respectively.

Top Losers: Stocks like ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC (AML), COUNTRYWIDE PLC (CWD) and SENIOR PLC (SNR) were among the top losers on the London Stock Exchange and were down by 5.56 per cent, 5.49 per cent, and 5.28 per cent respectively.

Broader Market FTSE 100 Cues

Gainers: Stocks like SAINSBURY (J) PLC (SBRY), WOOD GROUP (JOHN) PLC (WG.) and INTERTEK GROUP PLC (ITRK) were among the top gainers in the Monday’s session on the broader equity benchmark FTSE 100 index and were up by 4.96 per cent, 3.71 per cent, and 3.12 per cent respectively.

Laggards: Stocks like PADDY POWER BETFAIR PLC (PPB), WHITBREAD PLC (WTB) and NMC HEALTH PLC (NMC) were among the top laggards on the FTSE 100 index in the Monday’s session and were down by 1.51 per cent, 1.21 per cent, and 1.20 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 Performance: Almost every sector on London's broader equity index traded higher in Monday's market session, except Technology. Basic Materials, Energy and Utilities were among the top-gaining sectors on the FTSE 100 index.

Commodity Cues*

  • Brent Crude was trading at $67.45 per barrel.
  • West Texas Intermediate was quoting at $59.30 per barrel.
  • Gold was quoting at $1,303.55 an ounce.

London Metal Exchange Cues

Closing Price (as on Mar-15-2019)

  • LME Aluminium was quoting at $1,868.00 per tonne.
  • LME Lead was quoting at $2,053.50 per tonne.

Forex Cues*

  • Currency Pair GBP/USD was quoting at 1.3248.
  • Currency Pair EUR/GBP was quoting at 0.8557.

Money Market Cues*

  • US 10Y Treasury Bond yield was quoting higher at 2.605% in Monday’s session.
  • UK 10Y Bond yield was quoting lower at 1.195% in Monday’s session.

*At the time of writing

 

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