Prudential (PRU)

Sector:

Insurance

Index:

FTSE 100

1,299.50p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,371.50p
  • 52 Week Low: 797.60p
  • Currency: UK Pounds
  • Shares Issued: 2,749.67m
  • Volume: 4,899,593
  • Market Cap: £35,732m
  • RiskGrade: 188
  • Beta: 0.08

Sector movers: Financials and Oil pace gains, China and OPEC+ in the spotlight

By Alexander Bueso

Date: Wednesday 30 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Financials and Miners paced gains in the stock market on Tuesday following news that authorities in China wanted to strengthen vaccination rates among those over 80.
Analysts at MUFG said the news regarding vaccinations was a step in the right direction, but that it would not "prevent further economic disruption in the near-term should COVID cases continue to rise sharply and restrictions need to be re-tightened heading into year end."

"However, the outcome from the briefing has disappointed more optimistic expectations for an imminent shift away from zero-COVID," MUFG added.

Even so, the likes of HSBC, Prudential and StanChart all bounded higher, tracking the 5.24% jump seen overnight in Hong Kong's Hang Seng Index.

Miners were right behind, benefitting from the same reopening hopes as was Oil&Gas.

In the case of the latter however, other factors may have been at work.

Among them, in remarks to CNBC, Goldman Sachs's global head of commodities, Jeff Currie, stuck to his forecast for a $110 a barrel price of Brent for 2023.

Currie also said that at its 4 December meeting the Organisation of Petroleum Exporting Countries and their main allies would have to decide whether to accommodate weakness in Chinese economic growth.

"I think there is a high probability that we do see a cut [...] also you're going to get a response out of China this week."



On that note, in remarks made after the close of markets in London, International Monetary Fund boss, Kristalina Georgieva, said the risks to Chinese growth were on the downside.

Like Currie, Georgieva said there was "very high uncertainty" and that the Washington-based lender might need to revise down its projections.

"China does have fiscal space to boost its economy and counter any pressure for the growth to go down," Georgieva said, according to Bloomberg.

"We have been supportive in looking into what China can do. A policy more effective for China itself and for its role in the world economy."

After the October OPEC ministerial meeting, where the cartel announced a 2.0m barrel reduction in output, Saudi's energy minister said that cut would continue until the end of 2023 and that if further reductions were needed "we always remain ready to intervene."

Further muddying the waters, barring a last-minute agreement on a G-7 proposal for a price cap on Russian oil exports, following opposition from Poland, harsher measures agreed by the European Union in May were set to go into effect on 5 December.

As an aside, in mid-November, the Biden administration told a court that Saudi Crown Prince, Mohammed bin Salman, had immunity against a civil lawsuit brought against him over the killing of Saudi journalist Jamal Khashoggi, due to his status as the sitting head of a government.

A court was expected to take up the decision in December.

Top performing sectors so far today

Banks 3,275.67 +3.28%

Industrial Metals & Mining 7,709.90 +3.06%

Oil, Gas and Coal 8,397.61 +1.63%

Life Insurance 6,587.31 +1.36%

Personal Goods 33,111.45 +1.19%

Bottom performing sectors so far today

Electronic & Electrical Equipment 8,969.23 -4.20%

Automobiles & Parts 1,271.19 -2.26%

Industrial Transportation 3,639.66 -1.87%

Industrial Support Services 10,225.87 -1.71%

Software & Computer Services 1,873.22 -1.69%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Prudential Market Data

Currency UK Pounds
Share Price 1,299.50p
Change Today 10.00p
% Change 0.78 %
52 Week High 1,371.50p
52 Week Low 797.60p
Volume 4,899,593
Shares Issued 2,749.67m
Market Cap £35,732m
Beta 0.08
RiskGrade 188

Prudential Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.68% below the market average92.68% below the market average92.68% below the market average92.68% below the market average92.68% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
80.14% above the market average80.14% above the market average80.14% above the market average80.14% above the market average80.14% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
97.17% below the market average97.17% below the market average97.17% below the market average97.17% below the market average97.17% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
89.24% below the market average89.24% below the market average89.24% below the market average89.24% below the market average89.24% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 7
Buy 11
Neutral 0
Sell 1
Strong Sell 0
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Prudential Dividends

  Latest Previous
  1st Interim 2nd Interim
Ex-Div 18-Aug-22 24-Mar-22
Paid 27-Sep-22 13-May-22
Amount 5.74¢ 11.86¢

Trades for 07-Feb-2023

Time Volume / Share Price
16:45 600 @ 1,295.50p
16:45 600 @ 1,295.50p
16:35 2,285,841 @ 1,299.50p
16:35 2,950 @ 1,299.50p
16:35 5,735 @ 1,299.50p

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