Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now

U.K. Stocks End Lower as FTSE 100 Index Drops


The U.K. stock market experienced a decline on Friday, with the FTSE 100 Index dropping by 0.59% to reach a closing value of 7,599.60.

Decreases in FTSE 100 Constituents

Several key companies within the FTSE 100 saw significant decreases in their share prices on Friday:

  1. St. James’s Place PLC (STJ) – An investment advisors company, witnessed the largest decrease as shares plummeted by 21.79%.
  2. Ocado Group PLC (OCDO) – A food retail firm, suffered a decrease of 7.24% in their share price.
  3. Abrdn PLC (ABDN) – Another investment advisors company, experienced a drop of 5.09% in their share price.
  4. JD Sports Fashion PLC (JD) – A clothing retail company, faced a decline of 4.80% in their stock value.
  5. Spirax-Sarco Engineering PLC (SPX) – A technical services firm, also saw a decrease of 4.68% in their shares.

Increases in FTSE 100 Constituents

Despite the overall market decline, a few companies within the FTSE 100 managed to experience share price increases:

  1. Fresnillo PLC (FRES) – As a precious metals company, they achieved the largest increase among FTSE 100 constituents, with shares climbing by 4.39% on Friday.
  2. BP PLC (BP) – A major oil & natural gas company, experienced a rise of 2.16% in their share price.
  3. United Utilities Group PLC (UU) – A water utilities company, witnessed an increase of 1.96% in their stock value.
  4. National Grid PLC (NG) – A multiutilities company, saw their shares rally by 1.53%.
  5. Shell PLC (SHEL) – A major oil & natural gas company, experienced a similar increase of 1.53% in their share price.

Currency and Commodity Movement

The pound experienced a decline of 0.31% against the dollar, with the exchange rate reaching $1.2136. Against the euro, the pound only showed a slight decrease of 0.03%, resulting in a rate of €1.1559.

In commodity markets, Brent crude witnessed a significant rally of 4.1%, reaching a value of $89.50. Meanwhile, the yield on the 10-year gilt fell by 3.240 basis points to 4.389%.

Positive Opinion for Rezafungin in the Treatment of Invasive Candidiasis

Previous article

Pfizer Revises Agreement and Sees Decline in Demand

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News