Market Performance Review in Friday’s Trading Session

Global Markets: Benchmark indices of the NYSE traded in red, with the Dow Jones Industrial Average Index traded 112.59 points or 0.40% lower at 28,051.41, the broader S&P 500 index traded 10.83 points or  0.34% lower at 3,142.80, and the technology benchmark index Nasdaq Composite dipped 39.70 points or 0.46% lower at 8,665.47 (at the time of writing, before the U.S market close at 1:30 PM ET).

Global News: On 29th November 2019, markets were responding to the Thanksgiving Day as stocks opened in the green in pre-market trade. Retail stocks were buzzing in the pre-market trade as Macy’s stock was up by 0.5 per cent and footlocker was up 1 per cent, Walmart and Amazon.com also up 1 per cent each in anticipation of the Black Friday sale. Pacific Gas and Electric company stock were down 2.5 per cent after a court ordered that company may be held liable due to the havoc caused by its power lines. Facebook was down 0.2 per cent after a slight outage on Instagram. Tech Data Corporation agreed to an acquisition bid from Apollo Global and its stock shot up by 12 per cent.

S&P 500 (SPX)

Top Performers*: Darden Restaurants Inc, Delta Air Lines Inc, and Delta Air Lines Inc are among the top gainers and increased by 1.35%, 1.28% and 1.24% respectively.

Worst Performers*: Helmerich and Payne Inc, TechnipFMC PLC and Apache Corp were the top three laggards and decreased by 4.33%, 3.59% and 2.93% respectively.

NASDAQ Composite (IXIC)

Top Performers*: Aslan Pharmaceuticals Ltd, Pintec Technology Holdings Ltd, and Sorl Auto Parts Inc were the top gainers and increased by 94.40%, 47.78% and 27.65% respectively.

Worst Performers*: Paringa Resources Ltd, TKK Symphony Acquisition Corporation, and BIO-Key International Inc are the top three laggards and decreased by 55.58%, 23.97% and 22.58% respectively.

Top Performing Sectors*: Basic Materials (up 0.33%), Healthcare (up 0.19%) and Utilities (up 0.16%).

Dow Jones Industrial Average (DJI)

Top Performers*: Walmart Inc, Cisco Systems Inc and Pfizer Inc are top gainers and increased by 0.77%, 0.57% and 0.45% respectively.

Worst Performers*: Dow Inc, Exxon Mobil Corp, and Chevron Corp are the top three laggards and decreased by 1.25%, 0.73%, and 0.71% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 69.90 points or 0.94% lower at 7,346.53, the FTSE 250 index snapped 210.95 points or 1.00% lower at 20,812.60. Another European equity benchmark index STOXX 600 ended at 407.43, down by 1.82 points or 0.44 per cent.

European News: The manufacturing sector in the United Kingdom is witnessing the worst depression in 18 years on account of a gloomy exports outlook as per the latest survey conducted by CBI’s quarterly Industrial Trends Survey. In other news, the Black Friday payment transactions have registered a growth of 12.5 per cent this year in comparison to last year signalling a change in consumer sentiment trends in the country which over the last year has seen a falling trend line.

In corporate news, Ocado Group has signed a technology partnership with Aeon group of Japan whereby the latter will be using its technology platform to launch an online retailing platform in Japan. Santander’s UK and HSBC UK have agreed to refund fees to consumers in United Kingdom  or account of a breach of order from the Competition and Market Authority’s (CMA) whereby consumers were supposed to receive text alerts before the banks charge them for unarranged overdraft.

London Stock Exchange (LSE)

Top Performers*: CONNECT GROUP PLC (CNCT), INDIVIOR PLC (INDV) and ASTON MARTIN LAGONDA GLOBAL HOLDING (AML) are top performers of the day and up by 8.80%, 7.88% and 7.47% respectively.

Worst Performers*: FUTURE PLC (FUTR), PETS AT HOME GROUP PLC (PETS) and GEM DIAMONDS LTD (GEMD) are the top three laggards of the day and down by 8.14%, 5.14% and 4.92% respectively.

FTSE 100 Index

 FTSE 100 Index Chart: 5-days Price Performance (as on November-29-2019), before the market closed. (Source: Thomson Reuters)

Performers*: OCADO GROUP PLC (OCDO), COMPASS GROUP PLC(CPG) and STANDARD CHARTERED PLC (STAN) are the top three gainers in today’s session and up by 11.59%, 0.96% and 0.89% respectively.

Laggards*: ST JAMES PLACE (STJ), NMC HEALTH (NMC), and FERGUSON PLC (FERG) are top laggards at the FTSE 100 index and down by 2.86%, 2.49% and 2.22% respectively.

Active by Volume*: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA (IAG).

Top Performing Sectors*: Consumer Cyclicals (0.04%)

Worst Performing Sectors*: Basic Materials (down 0.89%) and Financials (down 0.57%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2934 and 0.8518, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.778%, and the UK 10-Year Government Bond yield was trading at 0.706%, respectively. 

*At the time of writing