Monday, March 4, 2024
HomeftseUK stocks decrease as FTSE 100 closes down 0.81%

UK stocks decrease as FTSE 100 closes down 0.81%

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Stocks in the UK experienced a decline on Thursday, with the FTSE 100 Index closing down 0.81% at 7,354.57. Among the companies listed on the FTSE 100, Standard Chartered PLC saw the largest drop, with shares plunging 12.44%. Rentokil Initial PLC and B&M European Value Retail S.A. also experienced significant decreases, with their shares falling 10.60% and 4.99% respectively.

Intertek Group PLC, a technical services company, and Unilever PLC rounded out the top five largest decreases, with their stocks declining 2.96% and 2.83% respectively. On the other hand, Ocado Group PLC, a food retail company, saw the largest increase among FTSE 100 constituents, with shares rising by 5.89%.

In terms of other notable changes, shares of chemicals firm Croda International PLC and residential building construction company Persimmon PLC rose 1.84% and 1.83% respectively. International Consolidated Airlines Group S.A. and M&G PLC, both operating in the travel and investment sectors, also experienced increases with their stocks rising by 1.78% and 1.77% respectively.

In currency markets, the pound remained flat against the dollar at $1.2112, while against the euro it saw a slight increase of 0.32% at €1.1499. In the commodities market, Brent crude dropped 1.5% to $87.81. Meanwhile, the yield on the 10-year gilt fell by 0.620 basis points to 4.607%.

It is important to note that this article was auto-generated by an automation technology provider using data from Dow Jones and FactSet. While the statistics presented provide a snapshot of the market performance, it is always advisable to consult a financial advisor before making any investment decisions.

Overall, the stock market in the UK experienced a mixed day, with some companies witnessing significant drops while others enjoyed increases. The fluctuations in the currency and commodities markets further added to the complexity of the day’s trading. Investors and analysts will be closely monitoring these developments in the coming days to assess the impact on various sectors of the economy.

More detail via MarketWatch here… ( Image via MarketWatch )

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