Europe open: Shares start lower with defence stocks in focus

19th Aug 2024 07:39

(Sharecast News) - European shares opened slightly lower on Monday after a strong performance last week, with little corporate or economic news to drive sentiment.

The pan-regional Stoxx 600 index was down 0.05% at 511 in early trade.

Traders have their eyes on speeches by Bank of Japan Governor Kazuo Ueda and Federal Reserve Chairman Jerome Powell later in the week.

In equity news, trading platform Plus500 lifted full-year results guidance and reported a 13% jump in new customers for the first half of the year.

Defence stocks were down amid reports that Germany intends to curtail military assistance to Ukraine due to fiscal constraints. Rheinmetall, Saab, Leonardo, BAE Systems and Thales all fell on the news.

Reporting by Frank Prenesti for Sharecast.com

Top Risers

Share	Price	Change
Emmerson (EML)	0.825	112.05%
United Oil&gas (UOG)	0.265	65.63%
Nostra Terra (NTOG)	0.0425	30.77%
Red Rock Resources (RRR)	0.045	28.57%
Microsalt (SALT)	95.00	26.67%

Top Fallers

Share	Price	Change
Secure Trust (STB)	474.00	-16.25%
Chariot (CHAR)	2.205	-15.19%
Deltic Energy (DELT)	5.75	-14.18%
Microlise Grp (SAAS)	116.50	-12.98%
Jersey Oil & Gas plc (JOG)	63.50	-12.41%

Top By Volume

Share	Price	Volume
Nativo Resources (NTVO)	0.0025	1,215,717,230
Tower Resources (TRP)	0.0305	523,209,432
Cap-xx (CPX)	0.13	452,769,319
Mosman Oil Gas (MSMN)	0.0375	337,852,510
United Oil&gas (UOG)	0.265	220,968,709

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