Global Markets*: Benchmark indices at the Wallstreet were trading in green on the last trading session of the September 2019, with Dow Jones Industrial Average Index (DJI) added 108.55 points or 0.40% to 26,928.80, the S&P 500 index bagged 13.0 points or 0.44% to 2,975.03, and the technology benchmark index Nasdaq Composite surged 41.74 points or 0.53% to 7,981.19, respectively (at the time of writing at 03:18 PM GMT).
Global News*: On September 30, 2019, in the midst of reports that the administration was considering the delisting of Chinese companies from United States stock exchanges, US Technology stocks opened in green with Apple Inc trading 1.28 per cent above previous close. Alibaba ADR also opened 2.10 per cent above the previous close at US$169.46. Tesla Inc was up 0.24 per cent after the Tesla boss unveiled a new mars rocket prototype announcing that a mission was expected within months. Banking stocks fell further down with Bank of America falling 0.82 per cent below its previous close at US$29.11 per share and JP Morgan shedding 0.1 per cent as compared to its previous close. Beyond Meat Inc was down 2.72 per cent to US$147.70 after an announcement of a new product in partnership with MamaMancini’s Holdings Inc.
S&P 500 (SPX)
Top Performers*: Newell Brands Inc (NWL), Abbott Laboratories (ABT) and Merck & Co Inc (MRK) are top gainers and increased by 3.68%, 2.44% and 2.39% respectively.
Worst Performers*: National Oilwell Varco Inc (NOV), Baker Hughes A GE Co (BHGE) and Helmerich and Payne Inc (HP) are the top three laggards and decreased by 4.17%, 3.41% and 2.71% respectively.
NASDAQ Composite (IXIC)
Top Performers*: Sienna Biopharmaceuticals Inc (SNNA), Dova Pharmaceuticals Inc (DOVA), and Tiziana Life Sciences Plc (TLSA) are top gainers and increased by 49.38%, 38.56% and 16.80% respectively.
Worst Performers*: Histogenics Corp (HSGX), Motif Bio Plc (MTFB) and G1 Therapeutics Inc (GTHX) are the top three laggards and decreased by 67.59%, 33.37% and 20.40% respectively.
Top Performing Sectors*: Industrials (up 0.55%), Telecommunications Services (up 0.46%) and Healthcare (up 0.46%).
Worst Performing Sectors*: Energy (down 0.80%), and Basic Materials (down 0.36%).
Dow Jones Industrial Average (DJI)
Top Performers*: Merck & Co Inc (MRK), Apple Inc (AAPL) and Walgreens Boots Alliance Inc (WBA) are top gainers and increased by 2.30%, 1.24% and 0.92% respectively.
Worst Performers*: Goldman Sachs Group Inc (GS), Caterpillar Inc (CAT) and 3M Co (MMM) are the top three laggards and decreased by 0.83%, 0.43% and 0.28% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 18.00 points or 0.24% lower at 7,408.21, the FTSE 250 index snapped 34.28 points or 0.17% lower at 19,936.67, and the FTSE All-Share Index ended 9.55 points or 0.23% lower at 4,061.74 respectively. Another European equity benchmark index STOXX 600 ended at 393.15, up by 1.36 points or 0.35 per cent.
European News*: Suggesting that the full effect of the stockpiling boom before the original Brexit deadline had not fully waned, the Office for National Statistics (ONS) reported that the British economy contracted by 0.2 per cent in the second quarter. However, the new data showed that UK households have been net lenders to the economy since the second quarter of 2017, indicating that the financial health was less weak than previously thought. Household spending rose at a quarterly rate of 0.4 per cent and current account deficit also reduced from £33.1 billion to £25.2 per cent, which amounted to deficit of 4.6 per cent of gross domestic product. As Brexit worries persisted and US-China trade tensions showed no signs of resolution, investors opted for a wait-and-watch approach on Monday as indices remained largely unchanged. Weakness in Euro helped sterling to move higher on Monday.
London Stock Exchange*
Top Performers: SIRIUS MINERALS PLC (SXX), KIN AND CARTA PLC (KCT) and KIER GROUP PLC (KIE) are top gainers and increased by 34.80%, 5.18% and 4.88% respectively.
Worst Performers: FINABLR PLC (FIN), ASTON MARTIN LAGONDA GLOBAL HOLDING (AML) and MARSTON’S PLC (MARS) are the top three laggards and decreased by 9.61%, 8.32% and 6.50% respectively.
FTSE 100 Index*
(Source: Thomson Reuters) Price Performance in Last Five days (September-30-2019), before the market closed
Top Gainers: IMPERIAL BRANDS PLC (IMB), OCADO GROUP PLC (OCDO) and ADMIRAL GROUP PLC (ADM) are top gainers and increased by 3.19%, 2.30% and 2.16% respectively.
Top Laggards: WHITBREAD PLC (WTB), RECKITT BENCKISER GROUP PLC (RB.) and FRESNILLO PLC (FRES) are top losers and decreased by 3.78%, 3.29% and 1.91% respectively.
Volume Leaders: (LLOY) LLOYDS BANKING GROUP PLC; (TSCO) TESCO PLC; (VOD) VODAFONE GROUP PLC.
Top Performing Sectors: Utilities (up 0.44%), Telecommunications Services (up 0.39%), and Technology (up 0.35%).
Worst Performing Sectors*: Energy (down 0.56%) and Basic Materials (down 0.49%).
Currency Exchange Rates*: GBP/USD and EUR/GBP were quoting at 1.2327 and 0.8856.
US and UK 10-Year Bond Yields*: The US 10-year and the UK 10-year Bond yields were quoting at 1.684% and 0.472% respectively.
*At the time of writing.