UK Stocks Take a Hit: Investing.com UK 100 Plunges 1.27% in Sudden Downturn
UK Equities Fall Amid Sector Losses
UK equities closed lower on Friday, driven by losses in the Financials, Consumer Goods, and Industrials sectors.
The FTSE 100 index fell 1.27% to close at the end of the trading day in London.
Top Performers
The best performers of the day included:
- National Grid (LON:NG.), which rose 1.27% or 13.00 points to 1,036.00 at the close.
- Rolls-Royce Holdings plc (LON:RR.), which rose 0.23% or 1.20 points to 526.20.
- Phoenix Group Holdings plc (LON:PHNX), which rose 0.18% or 1.00 points to 549.00 in late trade.
Worst Performers
The weakest performers of the day included:
- Spirax-Sarco Engineering PLC (LON:SPX), which fell 4.79% (360.00 points) to 7,160.00 at the close.
- Frasers Group PLC (LON:FRAS), which fell 4.48% (39.50 points) to 842.50.
- Next PLC (LON:NXT), which fell 3.99% (414.00 points) to 9,976.00.
Market Summary
A total of 1,151 stocks on the London Stock Exchange fell, outnumbering the number of stocks that closed higher – 631. At the same time, 689 stocks did not rise or fall, and were basically flat.
Commodity Prices
The December gold futures option contract price rose by 1.24% (32.40 points) to $2,647.00. In terms of other futures, the November delivery WTI crude oil futures contract price fell by 0.14% (0.10 points) to $71.06, while the November London Brent crude oil futures contract fell by 0.43% (0.32) to $74.56.
Currency Exchange Rates
GBP/USD remained unchanged at 0.21% and the exchange rate was 1.33; at the same time, EUR/GBP was basically flat at 0.17% and the exchange rate was 0.84.
The dollar index futures rose 0.09% to 100.41.