The U.K. stock market faced a downturn on Tuesday, with the FTSE 100 Index finishing at 7,389.64, down 1.57%. Several major companies contributed to this decline.
- Phoenix Group Holdings PLC (ticker: PHNX) witnessed the largest decline among FTSE 100 constituents, as its shares dropped by 3.56%.
- HSBC Holdings PLC (UK Reg) (ticker: HSBA), an esteemed international bank, experienced a decrease of 3.41%.
- Glencore PLC (ticker: GLEN), a prominent mining company, also saw a decline of 3.40%.
Other notable decreases were observed in Antofagasta PLC (ticker: ANTO), a non-ferrous metals company, and M&G PLC (ticker: MNG), an investment advisors business, as their stocks fell by 3.36% and 3.14% respectively.
While most stocks experienced a decline, there were a few exceptions that saw positive movement.
- B&M European Value Retail S.A. (ticker: BME), a mixed retailing company, witnessed the largest increase among FTSE 100 constituents, with its shares rising by 2.02%.
- JD Sports Fashion PLC (ticker: JD), a clothing retail firm, and Ocado Group PLC (ticker: OCDO), a food retail company, also showed positive movement with increases of 2.01% and 0.40% respectively.
Other notable increases were observed in Kingfisher PLC (ticker: KGF), a home goods retail company, and Fresnillo PLC (ticker: FRES), a precious metals firm, as their stocks rose by 0.30% and 0.11% respectively.
Currency and Commodities
Alongside the stock market movements, there were fluctuations in currency and commodities as well.
- The pound gained 0.45% against the dollar (GBPUSD) at a rate of $1.2744 and 0.24% against the euro (GBPEUR) at a rate of €1.1660.
- Brent crude (BRN00) experienced a decline of 2.0% and settled at $84.46.
- The yield on the 10-year gilt (TMBMKGB-10Y, 4.589%) increased by 2.270 basis points and reached 4.590%.