Tuesday, January 31, 2023
HomeMarketU.K. stocks continue negative streak, sink for second day

U.K. stocks continue negative streak, sink for second day

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U.K. stocks dropped Wednesday, as the FTSE 100 Index
UKX,
-0.43%
closed down 0.43% at 7,489.19.

Of the FTSE 100 constituents, investment advisors company abrdn PLC
ABDN,
-3.66%
saw the largest decrease Wednesday, as shares dropped 3.66%

Shares of general services firm Ashtead Group PLC
AHT,
-3.53%
and aerospace products/parts company Rolls-Royce Holdings PLC
RR,
-3.17%
fell 3.53% and 3.17%, respectively.

Glencore PLC
GLEN,
-2.84%,
a general mining company, and wired telecommunications services business BT Group PLC
BT.A,
-2.83%
rounded out the top five largest decreases as their stocks shed 2.84% and 2.83%, respectively.

GSK PLC
GSK,
+7.54%,
a pharmaceuticals company, saw the largest increase of the FTSE 100 constituents, as shares increased 7.54% on Wednesday.

Shares of food retail firm Ocado Group PLC
OCDO,
+3.56%
and wholesalers company Ferguson PLC
FERG,
+3.43%
increased 3.56% and 3.43%, respectively.

DS Smith PLC
SMDS,
+2.62%,
a containers/packaging company, and general mining company Polymetal International PLC
POLY,
+2.52%
rounded out the top five largest increases as their stocks climbed 2.62% and 2.52%, respectively.

The pound was up 0.53% against dollar
GBPUSD,
+0.70%
at $1.2194 and 0.16% against the euro
UK:GBPEUR
at €1.1609.

Brent crude
US:BRN00
fell 1.5% to $78.13, and the yield on the 10-year gilt
TMBMKGB-10Y,
3.045%
fell 3.320 basis points to 3.048%.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Credit: marketwatch.com

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