UK Stocks Take a Hit: Investing.com UK 100 Plunges 0.79% in Market Sell-Off
News Context
At a glance
- UK equities closed lower on Tuesday, driven by losses in the Financials, Consumer Goods, and Basic Materials sectors.
- The FTSE 100 index fell 0.79% to close at the end of the trading day in London.
- A total of 1,023 stocks on the London Stock Exchange fell, outnumbering the 757 stocks that closed higher.
UK Equities Fall Amid Sector Losses
UK equities closed lower on Tuesday, driven by losses in the Financials, Consumer Goods, and Basic Materials sectors.
The FTSE 100 index fell 0.79% to close at the end of the trading day in London.
Top Performers
The top performers of the day included:
- Unite Group PLC (LON:), which rose 3.94% or 37.50 points to 988.50
- JD Sports Fashion PLC (LON:), which rose 3.42% or 4.65 points to 140.50
- Londonmetric (LON:), which rose 2.37% or 4.80 points to 207.00
Worst Performers
The worst performers of the day included:
- Barclays Bank (LON:), which fell 3.26% or 7.30 points to 216.70
- Smurfit WestRock PLC (LON:), which fell 3.05% or 105.00 points to 3,342.00
- Melrose Industries PLC (LON:), which fell 2.88% or 13.60 points to 458.50
Market Summary
A total of 1,023 stocks on the London Stock Exchange fell, outnumbering the 757 stocks that closed higher. Meanwhile, 697 stocks remained flat.
Commodity Prices
The price of December gold futures rose 0.30% or 7.60 points to $2,540.30. In other commodity news:
- October delivery WTI crude oil futures fell 4.28% or 2.94 points to $65.77
- November London Brent crude oil futures fell 3.74% or 2.69 points to $69.15
Currency Exchange Rates
The GBP/USD exchange rate remained flat at 0.11%, with a rate of 1.31. Meanwhile, the EUR/GBP exchange rate was also flat at 0.03%, with a rate of 0.84.
The dollar index futures rose 0.12% to 101.64.