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The year 2020 which has become so turbulent, had been full of twists and turns from the very beginning, as far as stock markets are concerned. The year began with US and China, who were for long at a trade war, ending their conflict with an agreement on phase one of the trade deal between two superpowers, followed by Britain’s successful exit of the European Union on 31st January 2020. Markets were recovering from the previous year’s poor performance due to these events, but this followed a really gloomy period as the coronavirus outbreak began in China and other parts of the world. At this point, shareholders were extremely nervous, and this was reflected in global stock markets diving down rapidly. When the WHO declared the Covid-19 outbreak as a Pandemic, markets completely crashed with little chance of recovery as some of the major economies were put into a complete lockdown.
The late February-early March period was the worst that the London Stock Exchange market had seen in years since the 2008 Financial and Mortgage crisis, which led to a stock market crash and consequently a recession. Many experts suggested that the recession caused by Covid-19 would be deeper and more global in nature than the one in 2009.
But there was some sense of recovery starting from the mid of March, as a host of countries and their central banks announced bailout packages and quantitative easing measures to protect the economies and their businesses.
On the London Stock Exchange, the following companies became the major contributor to the marginal recovery that the markets have seen, in the last three weeks. The following are the stock price highlights of these companies.
Energean Oil & Gas Plc
Energean Oil & Gas Plc (LON:ENOG) is an upstream oil and gas company that is primarily engaged in exploration and development activities in oil and gas assets based out of Israel, Egypt and Greece. The company has been benefitting from the recovery in oil price.
ENOG Share Price Performance
At the time of close of market on 9th April 2020, Energean Oil & Gas Plc’s stock was at a price of GBX 822.00 on the London Stock Exchange market, an increase of around 9.75 per cent or GBX 73.00 in value, as compared to the price of the company’s stock at the time of the close of the market on the previous trading day. The company’s market capitalisation (M-Cap), at the time of reporting, has been stated to be at a value of GBP 1.326 billion in reference to the current stock price.
The company’s stock price has yielded a negative return of approximately 11.61 per cent from year to date (9th April 2020). This negative performance was primarily driven by the overall market performance due to the Covid-19 outbreak. The stock price has however yielded a positive return of approximately 86.61 per cent in the last one month. Some of these gains have been made during the last three weeks on the London Stock Exchange and have driven the marginal revival that is being seen in the London Stock Exchange Market. The company’s 52-week price range is between GBX 295.50 (the 52-week low price) and GBX 1092.00 (the 52-week high price).
Helios Towers Plc
Helios Towers Plc (LON:HTWS) is a London, United Kingdom based company that provides telecom tower infrastructure and related services to telecommunications companies in the various African regions. The company has benefitted from an increase in the utilisation of various telecommunication and mobile services during this lockdown period.
HTWS Share Price Performance
At the time of close of market on 9th April 2020, Helios Towers Plc’s stock was at a price of GBX 139.60 on the London Stock Exchange market, an increase of around 4.96 per cent or GBX 6.60 in value, as compared to the price of the company’s stock at the time of the close of the market on the previous trading day. The company’s market capitalisation (M-Cap), at the time of reporting, has been stated to be at a value of GBP 1.330 billion in reference to the current stock price.
The company’s stock price has yielded a negative return of approximately 11.65 per cent from year to date (9th April 2020). This negative performance has primarily been driven by the overall market performance due to the Covid-19 outbreak. The stock price has, however, yielded a positive return of approximately 28.07 per cent in the last one month. Some of these gains have been made during the last three weeks on the London Stock Exchange and have driven the marginal revival that is being seen in the London Stock Exchange Market. The company’s 52-week price range is between GBX 81.95 (the 52-week low price) and GBX 160.10 (the 52-week high price).
Ocado Group Plc
Ocado Group Plc (LON:OCDO) is a Hatfield based company that is engaged in providing online and delivery based grocery services. The company has recently benefitted from an increase in usage of the delivery of groceries during the period of lockdown.
OCDO Share Price Performance
At the time of close of market on 9th April 2020, Ocado Group Plc’s stock was at a price of GBX 1368.00 on the London Stock Exchange market, an increase of around 0.96 per cent or GBX 13.00 in value, as compared to the price of the company’s stock at the time of the close of the market on the previous trading day. The company’s market capitalisation (M-Cap), at the time of reporting, has been stated to be at a value of GBP 9.522 billion in reference to the current stock price.
The company’s stock price has yielded a positive return of approximately 6.96 per cent from year to date (9th April 2020). The stock price has yielded a positive return of approximately 26.96 per cent in the last one month. The company's stock price has done well in the Year to date terms, in comparison with the entire market because of its focus on its online retail business. Some of these gains have been made during the last three weeks on the London Stock Exchange and have led to the marginal revival that is being seen in the London Stock Exchange Market. The company’s 52-week price range is between GBX 994.01 (the 52-week low price) and GBX 1559.50 (the 52-week high price).
Pets at Home Group Plc
Pets at Home Group Plc (LON:PETS) is a general retailing company based out of Wilmslow, United Kingdom, engaged in providing pet products and pet-related services. The company has also recently benefitted from single people increasingly adopting pets as a companion during the period of lockdown.
PETS Share Price Performance
At the time of close of market on 9th April 2020, Pets at Home Group Plc’s stock was at a price of GBX 273.40 on the London Stock Exchange market, an increase of around 7.22 per cent or GBX 18.40 in value, as compared to the price of the company’s stock at the time of the close of the market on the previous trading day. The company’s market capitalisation (M-Cap), at the time of reporting, has been stated to be at a value of GBP 1.275 billion in reference to the current stock price.
The company’s stock price has yielded a negative return of approximately 2.22 per cent from year to date (9th April 2020). This negative performance has primarily been driven by the overall market performance due to the Covid-19 outbreak. The stock price has yielded a positive return of approximately 14.30 per cent in the last one month. Some of these gains have been made during the last three weeks on the London Stock Exchange and have driven the marginal revival that is being seen in the London Stock Exchange Market. The company’s 52-week price range is between GBX 136.10 (the 52-week low price) and GBX 317.08 (the 52-week high price).
BHP Group Plc
BHP Group Plc (LON:BHP) is a global resource producer, that is engaged in the production of multiple metal related resources as well as rare commodities. The company is also involved in the production of petroleum.
BHP Share Price Performance
At the time of close of market on 9th April 2020, BHP Group Plc’s stock was at a price of GBX 1314.00 on the London Stock Exchange market, an increase of around 2.91 per cent or GBX 37.20 in value, as compared to the price of the company’s stock at the time of the close of the market on the previous trading day. The company’s market capitalisation (M-Cap), at the time of reporting, has been stated to be at a value of GBP 26.966 billion in reference to the current stock price.
The company’s stock price has yielded a negative return of approximately 26.05 per cent from year to date (9th April 2020). This negative performance has primarily been driven by the overall market performance due to the Covid-19 outbreak. The stock price has yielded a positive return of approximately 18.23 per cent in the last one month. Some of these gains have been made during the last three weeks on the London Stock Exchange and have driven the marginal revival that is being seen in the London Stock Exchange Market. The company’s 52-week price range is between GBX 939.80 (the 52-week low price) and GBX 2078.50 (the 52-week high price).
Comparative one month Share Price Chart of ENOG, HTWS, OCDO, PETS and BHP
Source: Thomson Reuters, on 09-04-2020 after the closing of the London Stock Exchange Market
Comparative Year to Date (YTD) Share Price Chart of ENOG, HTWS, OCDO, PETS and BHP
Source: Thomson Reuters, on 09-04-2020 after the closing of the London Stock Exchange Market
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The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.
