Less Ads, More Data, More Tools Register for FREE

CMC Markets

Tuesday, 25th September 2018 09:31 - by Rajan Dhall

CMC markets are one of the worlds leading spread betting providers and this morning released their latest trading update covering the period from 1 July 2018 to 25 September 2018. Key Statements:


  • After a solid first quarter, the second quarter has been impacted by a sustained period of low market volatility
  •  In addition to an expected decrease in overall client trading activity following regulatory change
  • Net operating income for 2019 is expected to be below previous guidance
  • CFD and spread bet revenue for the full year is now expected to see a c. 20% reduction year-on-year, below previous guidance for a 10% to 15% reduction year-on-year
  • 2019 operating costs are now expected to be just slightly higher year-on-year, partially mitigating the overall impact of Q2 2019 revenue performance on Group profitability for the full year

On the weekly chart below you can see we are in some kind of consolidation mode after the trendline break. I now think there is a chance we could sell off further toward or even below the 150p area following today's RNS.  135p could hold strong as it was a formidable resistance point early 2017 and then the level was used as support mid and later on in the same year.

CMC Markets




The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.


You must be logged in in order to post. Click here to login.

Login to your account

Don't have an account? Click here to register.