Against the current: Markets slid, yet National Grid plc and Korea Electric Power Corporation went up and made this list of Friday's top utilities stocks gainers.
Leading equity indices in the US declined as S&P 500 was down 1.45% before closing the session at 3,861.59. Nasdaq shed 1.76% and closed at 11,139.
Even though markets fell Friday, some utilities stocks were bullish. Have a look at these Top Gainers from Friday's session:
+0.86%: National Grid Transco gains 0.86% within $62.39 to $63.82 daily range
Bullish sentiment helped the British electricity and gas utility company to hammer out a noteworthy $62.39 to $63.82 range Friday, and finally closing at $62.44 to end the session. The British electricity and gas utility company's market cap currently stands at $45.91 billion with an average daily volume of 260,905 shares. So far this year, it has been doing worse than the Nasdaq by 3.38%.
Korea Electric Power | Up 0.61% to $6.58 Friday
After closing at $6.54 on Thursday, Korea Electric Power maintained a strong bullish bias that helped the stock close higher at $6.58 Friday. However, market bears ensured the South Korea's largest electric utility company topped out at $6.66 and that by the end of the session, the market had marked out a distinct $6.48 to $6.66 range.
Korea Electric Power is trading in a $6.48 – $6.66 range prior to its earnings announcement.