What all you need to know in Friday’s trading session?

  • May 22, 2020 BST
  • Team Kalkine
What all you need to know in Friday’s trading session?

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 9.11 points or 0.31 per cent lower at 2,939.40, Dow Jones Industrial Average Index contracted by 130.42 points or 0.53 per cent lower at 24,343.70, and the technology benchmark index Nasdaq Composite traded lower at 9,268.17, down by 16.71 points or 0.18 per cent against its previous day close (at the time of writing, before the U.S market close at 11:35 AM ET).

US News: Wall Street tumbled with rising apprehension over a spat between the US and China. Meanwhile, President Donald Trump stated that the US will not shut down further if there is a second wave of the pandemic. Among the gaining stocks, NVIDIA Corp gained around 3.1 per cent after releasing its first-quarter earnings release. Abbott Laboratories rose about 0.6 per cent after an update over ongoing multisite clinical study. Deere & Co surged over 1.3 per cent post reporting better than expected second-quarter earnings. Splunk soared over 10.3 per cent post reporting 2 per cent jump in year-over-year sales. Likewise, Palo Alto Networks jumped around 1.8 per cent after topping the third-quarter estimates. Among the decliners, Ross Stores fell over 3.2 per cent after reporting a first-quarter loss. Following the oil price plunge, Exxon Mobil and Chevron Corp dipped over 1.8 per cent each. Hewlett Packard Enterprise slipped around 8.4 per cent post missing second-quarter estimates.

S&P 500 (SPX)

Top Performers*: Agilent Technologies Inc, Coty Inc, and American Tower Corp shares increased by 6.80 per cent, 5.71 per cent and 4.38 per cent, respectively.

Non Performers*: Hewlett Packard Enterprise Co, Wynn Resorts Ltd and State Street Corp shares decreased by 11.58 per cent, 4.91 per cent and 4.32 per cent, respectively.

NASDAQ Composite (IXIC)

Top Performers*: GreenPro Capital Corp, Sundial Growers Inc and XpresSpa Group Inc shares expanded by 111.64 per cent, 91.74 per cent and 52.80 per cent, respectively.

Worst Performers*: Recon Technology Ltd, Jaguar Health Inc and China Ceramics Co Ltd shares plunged by 43.11 per cent, 29.06 per cent and 23.56 per cent, respectively.

Top Performing Sectors*: Telecommunications Services (+0.99 per cent), Utilities (+0.33 per cent), and Healthcare (+0.14 per cent).

Top Worst Sectors*: Energy (-1.37 per cent), Basic Materials (-0.68 per cent), and Industrials (-0.31 per cent).

Dow Jones Industrial Average (DJI)

Top Performers*: Procter & Gamble Co, Johnson & Johnson and Verizon Communications Inc shares climbed by around 1.51 per cent, 0.35 per cent and 0.30 per cent, respectively.

Non Performers*: Chevron Corp, Caterpillar Inc and Exxon Mobil Corp shares decreased by 1.63 per cent, 1.58 per cent and 1.32 per cent, respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 21.97 points or 0.36 per cent lower at 5,993.28, the FTSE 250 index snapped at 12.90 points or 0.08 per cent higher at 16,398.86, and the FTSE All-Share Index ended 9.52 points or 0.29 per cent lower at 3,301.88, respectively. Another European index STOXX 600 ended down by 0.09 points or 0.03 per cent, at 340.17. Among other major European indices, DAX index closed the session at 11,073.87, up by 7.94 points or 0.07 per cent; CAC 40 index dipped marginally by 0.89 points or 0.02 per cent and ended the trading session at 4,444.56.

European News: London and European markets slumped today with rising tension between the US and China as new national-security law on Hong Kong could be imposed. Meanwhile, British public debt surged to highest since 1963 as the government borrowed GBP 62.1 billion in April alone. Moreover, the investor sentiments were tempered by the dip in British consumer confidence in May. Among the gaining stocks, Burberry Group surged 2.1 per cent post announcing board changes and preliminary results for FY20. Marston's PLC gained around 65 per cent post announcing a JV partnership with Carlsberg UK Holdings Limited. Among the decliners, HSBC and Standard Chartered shed 5.2 per cent, and 4.2 per cent, respectively as British finance ministry decided to extend its mortgage payment holiday scheme for another three months. Similarly, Go-Ahead Group declined around 10 per cent post sharing a profit warning. Open Orphan dropped around 4 per cent after proposing fundraising of GBP 12 million.

London Stock Exchange

Top Three Performers*: MARSTON'S PLC (MARS), FUTURE PLC (FUTR) and TOWN CENTRE SECURITIES PLC (TOWN) accelerated significantly by 79.36 per cent, 10.26 per cent and 9.09 per cent, respectively.

Worst Performers*: LAMPRELL PLC (LAM), AJ BELL PLC (AJB) and GO-AHEAD GROUP PLC (GOG) plunged by 16.52 per cent, 13.45 per cent and 11.07 per cent, respectively.

FTSE 100 Index Performance

 3 months FTSE 100 Index Performance (May-22-2020), before the market closed (Source: Refinitiv, Thomson Reuters)

Best Gainers*: BURBERRY GROUP PLC (BRBY), WHITBREAD PLC (WTB) and AUTO TRADER GROUP PLC (AUTO) expanded by 4.11 per cent, 4.10 per cent and 3.52 per cent, respectively.

Non Performers*: PRUDENTIAL PLC (PRU), INTL CONSOLIDATED AIRLINES GROUP SA (IAG) and HSBC HLDGS PLC (HSBA) traded in red zone and decreased by 8.79 per cent, 7.21 per cent and 4.38 per cent, respectively.

Active Three Stocks (traded with high volume)*:(LLOY) LLOYDS BANKING GROUP PLC; (HSBA) HSBC HLDGS PLC; (VOD) VODAFONE GROUP PLC.

Top Sectors traded in the positive zone*: Technology (+1.78 per cent), Consumer Cyclicals (+1.18 per cent), and Telecommunications Services (+1.16 per cent).

Top Sectors traded in the negative zone*: Utilities (-3.04 per cent), Financials (-1.67 per cent), and Energy (-0.77 per cent).

Crude Oil Prices*: WTI crude oil (future) price was tilting at $33.06 per barrel, and Brent future crude oil (future) price was nudging at $34.92 per barrel.

Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2172 and 0.8950, respectively.

Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.661 per cent, and the UK 10-Year Government Bond yield was hovering at 0.174 per cent, respectively. 

 

*At the time of writing

 


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