Weekly Market Movers: Discount Stores on Top, Security & Protection Services Drop

November 18, 2019

From Nov 11 to Nov 17, the sentiment for discount stores saw a significant increase of 37 points. Walmart and B&M European Value Retail led the industry with a sentiment score of 34 and 19 points respectively. 

Top Industry: Discount Stores

According to the report released last Thursday, Walmart’s online sales grew 41% in Q3. The company also raised its annual earnings outlook for the second time this year. Following the announcement, the retailer’s shares rose 1% continuing the upward trend since the beginning of the year.

B&M European Value Retail also reported earnings during the same week with an increase of 13.8% in sales for the first half of FY2019 – 2020. The company opened 54 new outlets and has more openings planned for the second half of the financial year. 

Flop Industry: Security & Protection Services

At the same time, ‘Security & Protection Services’ was the worst performing industry with a sentiment drop of 65 points overall. G4S and Hangzhou Hik-Vision Digital Technology Co Ltd. ranked bottom.

G4S, the security service provider listed on the FTSE 250, was blacklisted by Norway’s sovereign wealth fund because of accusations relating to human rights violations. It is reported that the company made extensive use of underpaid immigrant workers in its contracts across the Middle East. The Norwegian fund had been one of G4S’s largest shareholders with a 2.33 per cent stake at the end of last year, but it has since sold most of its shares.

The sentiment score of Hangzhou Hik-Vision Digital Technology dropped to -24 points after China’s securities regulator opened an investigation related to its vice chairman’s alleged misconduct. Last month, the Chinese surveillance giant was banned by the U.S. government.

Notes:

1 Companies that contributed most to last week’s industry sentiment change.

2  Top trending event related to the respective company.

3  Weekly aggregated company sentiment score (ranging from -100 to +100).

4  Weekly aggregated company attention buzz (the percentage by which the number of news, blogs and tweets about an asset deviates from normal attention).

*Industry name and classification as per Morning Star

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