Market Commentary November 2019


Craig Hendry

Craig Hendry

Managing Director & Chartered Financial Planner


The main index got off to a good start in November with the release of better than expected Chinese manufacturing data. That, combined with hopes of progress in the US/China trade talks gave the markets a welcome lift following October’s fall.

With General Election campaigning underway, the markets were generally unmoved by politics, preferring to concentrate on positive data such as news that the UK service sector had stopped contracting in October. As November drew to a close, trade negotiators from China announced that they had reached a ‘common understanding’ on trade with the US. In anticipation that the US and China were inching towards a trade deal, the FTSE 100 index ended the month up 1.35%

For the month of November the top 5 FTSE 100 rising stock were:

  • Associated British Foods PLC +13.29%
  • Persimmon PLC +12.62%
  • British American Tobacco +12.23%
  • Flutter Entertainment PLC +12.15%
  • Halma PLC +11.52%

Shares in International Associated British Foods PLC rose after their annual results were warmly received by a number of brokers issuing buy notes on the shares.

For the month of November the top 5 FTSE 100 falling stock were:

  • Fresnillo PLC -22.67%
  • Ocado Group PLC -9.19%
  • DCC PLC -19.18%
  • Johnston Matthey PLC -8.71%
  • Hiscox PLC -8.68%

Shares in Fresnillo Plc PLC suffered following a series of broker downgrades on the share price on expectation of missing production targets.

On the currency markets, Sterling was flat against the dollar but posted a small gain against the Euro. Meanwhile on the domestic front, the Bank of England maintained the base rate at 0.75% with inflation slightly below the 2% target

 30 November 20191 month6 months12 months24 months36 months48 months60 months
FTSE 1007,346.531.35%2.58%5.25%0.27%8.30%15.58%9.28%
GBP/USD1.2933-0.05%2.38%1.42%-4.38%3.42%-14.11%-17.35%
GBP/EUR1.17401.16%3.90%4.14%3.32%-0.60%-17.63%-6.58%

This newsletter is intended to provide a general review of certain topics and its purpose is to inform but NOT to recommend or support any specific investment or course of action.

Figures refer to the past and past performance is not a reliable indicator of future results. You may not get back the full amount of your investment.

Sources of information as at close of business 30 November 2019:

FTSE 100: www.investing.com

Currency: www.investing.com

Commodities: www.investing.com

FTSE 100 Risers & Fallers: www.sharesmagazine.co.uk

Inflation & Interest rates: www.bankofengland.co.uk