Issue link: https://maltatoday.uberflip.com/i/1502390
SYMBOL LAST CHANGE % HIGH LOW DOW JONES – US 33,561.80 -56.88 -0.17% 33,656.40 33,509.70 NASDAQ – US 12,179.50 +0.00 +0.00% 12,216.10 12,174.10 S&P 500 – US 4,119.17 -18.95 -0.46% 4,130.35 4,116.65 RUSSELL 2000 – US 1,749.68 -4.79 -0.27% 1,756.09 1,737.70 S&P TSX – CANADA 20,585.70 +0.58 +0.00% 20,599.00 20,455.50 IPC – MEXICO 55,452.70 +419.61 +0.76% 55,497.80 54,899.40 FTSE – UK 7,750.80 -13.29 -0.17% 7,778.98 7,750.37 CAC 40 – FRANCE 7,373.77 -23.40 -0.32% 7,416.32 7,373.20 DAX 40 – GERMANY 15,886.20 -69.32 -0.43% 15,980.80 15,884.00 FTSE MIB – ITALY 27,325.70 -57.80 -0.21% 27,476.40 27,324.70 MICEX – RUSSIA 2,524.31 -3.28 -0.13% 2,535.03 2,483.79 NIKKEI 225 – JAPAN 29,122.20 -120.64 -0.41% 29,195.20 29,070.10 SHANGHAI COMPOSITE – CHINA 3,319.15 -38.52 -1.15% 3,349.72 3,305.25 HANG SENG – HONG KONG 19,776.90 -90.64 -0.46% 19,880.00 19,696.60 NIFTY 50 – INDIA 18,249.10 -16.90 -0.09% 18,323.20 18,211.90 KOSPI – KOREA 2,496.51 -13.55 -0.54% 2,510.13 2,488.42 29.6.2023 7 MARKETS International Markets Global Indices Trading Date: 28 June 2023 Sage shares reach new heights – FTSE roundup SOFTWARE company Sage (LSE: SGE) jumped 4% dur- ing the London session to reach its highest level in over twenty years at 909.4p. This surge was fueled by JP Morgan analysts, who have shown their support for the company, backing it to reach an impressive 1100p. The recent upgrade from City analysts follows a prom- ising update in May, where Sage highlighted strong progress in rolling out cloud-based accounting services to its growing base of SME business customers. The significant 20% surge in Sage's valuation through- out 2023 mirrors the recent outperformance of tech- nology and growth stocks in the United States. Notably, Meta Platforms and semiconductor firm Nvidia experienced a 3% increase in stock value on Tuesday night. However, after the market closed, some of Sage's mo- mentum was dampened by reports suggesting that the Biden administration plans to tighten exports of AI chips to China. This news had an impact on the stock's performance, causing a slight decline. Sage's impressive performance today played a role in boosting the overall FTSE 100 index, which gained 28.81 points, reaching a value of 7490.27. Additionally, Vodafone saw an increase of 1.3p, trading at 74p. On the downside, Admiral shared dropped 4% after JP Morgan placed the company on a "negative catalyst watch," which contributed to the market's negative sen- timent. In the housing sector, Persimmon, saw a slight weak- ening, losing half a penny and reaching 1044.5p. Deutsche Bank's downgrade of its price estimate to 1000p raised concerns about Persimmon's exposure to first-time buyers amid the current mortgage squeeze. The company's valuation is now at its lowest point in a decade, having plummeted by 40% since last summer. Meanwhile, the FTSE 250 index has ticked higher, rising by 127.56 points to reach a value of 18,182.40. Cruise ship operator Carnival witnessed a notable increase of 30p, bringing its stock value back to its pre-Monday sell-off level at 1136p. Additionally, Wizz Air saw a rise of 77p, reaching 2872p, following RBC's reveal of a 3900p target. Sage's shares soar by 4% following an upgrade, reaching a two-decade high FTSE 100 Daily Price Chart DAX 40 Daily Price Chart