Comments on stock market movements

Thrugelmir

Market Movers

FTSE 100 (UKX) 7,024.21 -1.01%
FTSE 250 (MCX) 23,799.94 -0.21%
techMARK (TASX) 4,709.18 -1.03%

FTSE 100 - Risers

M&G (MNG) 201.90p 1.43%
B&M European Value Retail S.A. (DI) (BME) 585.60p 1.31%
Whitbread (WTB) 3,292.00p 1.26%
Intermediate Capital Group (ICP) 2,242.00p 0.85%
Persimmon (PSN) 2,740.00p 0.85%
Barratt Developments (BDEV) 689.60p 0.79%
Kingfisher (KGF) 350.70p 0.78%
Burberry Group (BRBY) 1,921.00p 0.73%
Smith (DS) (SMDS) 455.50p 0.73%
InterContinental Hotels Group (IHG) 4,586.00p 0.72%

FTSE 100 - Fallers

Coca-Cola HBC AG (CDI) (CCH) 2,484.00p -4.28%
DCC (CDI) (DCC) 6,140.00p -3.43%
Melrose Industries (MRO) 178.15p -3.34%
Prudential (PRU) 1,486.00p -2.94%
Polymetal International (POLY) 1,393.00p -2.93%
Rio Tinto (RIO) 5,163.00p -2.68%
Vodafone Group (VOD) 118.88p -2.43%
BT Group (BT.A) 160.95p -2.37%
Hargreaves Lansdown (HL.) 1,446.00p -2.33%
British American Tobacco (BATS) 2,663.50p -2.19%

FTSE 250 - Risers

IP Group (IPO) 156.00p 6.12%
Grainger (GRI) 332.60p 3.94%
Pagegroup (PAGE) 632.50p 2.68%
Beazley (BEZ) 404.00p 2.64%
Hays (HAS) 168.30p 2.06%
Convatec Group (CTEC) 226.70p 1.98%
JTC (JTC) 804.00p 1.90%
Volution Group (FAN) 551.00p 1.85%
Harbour Energy (HBR) 374.40p 1.79%
Travis Perkins (TPK) 1,819.00p 1.76%

FTSE 250 - Fallers

easyJet (EZJ) 708.20p -10.24%
Genus (GNS) 5,450.00p -7.63%
Cineworld Group (CINE) 62.70p -4.77%
Moonpig Group (MOON) 364.60p -4.20%
888 Holdings (888) 388.40p -3.43%
Mitchells & Butlers (MAB) 271.40p -3.42%
Tullow Oil (TLW) 40.27p -3.27%
SSP Group (SSPG) 257.50p -3.01%
BBGI Global Infrastructure S.A. NPV (DI) (BBGI) 170.40p -2.85%
Inchcape (INCH) 845.50p -2.59%

Thrugelmir

older_and_no_wiser said:

Right this is it. This is the start of the big market correction and crash. The world is coming to an end. Everyone please sell all your shares before it's too late. 

Seriously, I reckon this is mainly due to the news of the national insurance rise which looks like it will go ahead. I'm sure things will get back to normal in a few days. Things got quite hairy during the big tech sell off in May but again it picked up after not too long. Market noise is best ignored and carry on investing as normal.

The US failing to get to grips with the delta variant is far bigger news. The US now ranks around 57th globally in terms of getting it's population fully vaccinated. For a country that invented many vaccines and has the production capability.  A plateau appears to have been reached. 

NorthernJoe

It's an interesting question - I listen/read most of the big economic & financial news and each day try to guess what way the main global markets will move based on my perceptions of that information and my level of "confidence" as an investor

The market moves in the opposite direction about 50% of the time

(hence I don't engage in any form any "day trading!")

Time4T_Accounts

Thank you all for your replies. Interestingly, no-one (nor City Wire - which I’ve signed up with today : ta for that steer), mentioned Andrew Bailey’s comment yesterday about the UK’s recovery “flattening out”. I guess that’s just noise as well! I appreciate that the companies in the 100 are global, but, when I started this thread, the 250 was down .57% as well.  Personally I would never dream of day trading as I don’t possess the knowledge ( nor am I a gambler), but, like NorthernJoe, I try and keep a handle on what’s going on in the markets. 

Cheers, everyone.

Edit : what is an investor, if not a gambler? Hmmm. Have to think about that one...

tebbins

Steve_PL_too said:

Thank you all for your replies. Interestingly, no-one (nor City Wire - which I’ve signed up with today : ta for that steer), mentioned Andrew Bailey’s comment yesterday about the UK’s recovery “flattening out”. I guess that’s just noise as well! I appreciate that the companies in the 100 are global, but, when I started this thread, the 250 was down .57% as well.  Personally I would never dream of day trading as I don’t possess the knowledge ( nor am I a gambler), but, like NorthernJoe, I try and keep a handle on what’s going on in the markets. 

Cheers, everyone.

Edit : what is an investor, if not a gambler? Hmmm. Have to think about that one...

The economy and the stock market have nothing to do with each other, unless you're looking at periods of least a decade.

numbersrule

Stock Markets have never been able to price in the next crash.
This is because the majority tendency for optimism always pushes the uptick an incremental fraction too much.
If we could all learn collectively to be a little less optimistic (on average) there would be an opportunity for sustainable and predictable growth.

maxsteam

I think that asking for a few sentences of explanation why FTSE100 is down 1.2% is asking too much, although this is indeed what the "financial news" on BBC and other news channels attempt. The day finished with a drop of 1.01% but, rather than explain this, you might find the explanations as to why M&G rose 1.4%, Coca-Cola fell 4.35%, etc. to be more constructive. There are indeed occasions when market sentiment or events cause all shares within certain sectors to move in the same direction. Maybe today was a bad day for miners but some bank shares went up, others down today.

If you google for ftse news, you will see many explanations. You can take your pick. 

jamei305

https://www.reuters.com/markets

and

https://www.cnbc.com/world/

aroominyork

Steve_PL_too said:

Edit : what is an investor, if not a gambler? Hmmm. Have to think about that one...

It's a matter of where you draw the line. Pyjama-clad day trader is a gambler, drip-feed indexing pension planner is not.

If you put a fiver on each Grand National but never bet on another horse race are you a gambler? And then a tenner on your local non-league team to win the FA Cup when they reach the third round? Or £100 on Biden to win the election because you cannot believe the Americans would fall for Trump twice? It's just where you draw the line.

What about Premium Bonds - are they gambling? Sharia law might say they are.

sevenhills

aroominyork said:

It's a matter of where you draw the line. Pyjama-clad day trader is a gambler, drip-feed indexing pension planner is not.

Even with a pension you can choose the level of risk. I do choose riskier shares myself, so I would certainly fall into the gambler definition.

But my understanding is that shares are more profitable over time than other investments, it's just a matter of what you buy.