A defensive note in today’s market action as the FTSE 100 rose with rallies in Tobacco and Utilities while O&G Producers were also up 1.3% as crude appeared to stabilise around the $60 mark. Today was a big ex-div date so TW., KGF, VOD, SBRY ABF were all ex-div and dropped accordingly
HL. continues to fall as the Woodford fallout continues to affect sentiment
In market sentiment, The Fear index remains above 30 an improvement of late while the VIX scores across the board remain low with the US as just 16, UK at 12.8 and Europe at 15.6. The FTSE 100 has continued to improve in bullishness with just 11% of the shares below their 200MA: by contrast the FTSE 250 is has 46% of shares below 200MAs while the AIM All-Share remains predominantly bearish with 60% of the shares below the 200MA.
Gold has continue to rally adding another 0.6% and now at $1338, copper was up 0.2% while iron ore continues to retreat from recent all-time highs.
FTSE 100 ( +0.55%: 54 Rising , 43 Falling, 3 Unch.)
TOP GAINS: IMB +5.7%, BATS +3.1%, UU +2.8%
TOP LOSSES: HL. -4.1% , MKS -3%, NMC -2.75% (ex div shares not included)
FTSE 250 (-0.1%: 98 Rising , 137 Falling, 15 Unch.)
TOP GAINS: ETO +16%, GOG +10%, MAB +4%
TOP LOSSES: JUST -9%, KIE -5.5%, INTU -4.4%
AIM All Share (-0.8%: 193 Rising , 221 Falling, 365 Unch.)
BIDS continues its unstoppable move north having more than doubled in 10 trading days. In the big AIM caps, BUR lost another 1.9% while HCM rallied 4.9% ASOS lost 3.8% and PRSM gained 4.8%
TOP GAINS: FDBK +43%, BIDS +17%, NUOG +15%
TOP LOSSES: MTB -51%, 8PG 25%, AUTG -25%