UK Stocks Decline as Scottish Mortgage Investment Trust Plummets – FTSE 100 Update
The UK stock market experienced a decline on Monday, with the FTSE 100 Index falling by 0.13% to reach 7,554.49. Among the companies listed on the FTSE 100, Scottish Mortgage Investment Trust PLC saw the largest decline, as its shares dropped by 2.23%.
Other notable companies that experienced a decline include B&M European Value Retail S.A., a mixed retailing firm, and Anglo American PLC, a general mining company. Their shares fell by 2.02% and 1.87% respectively. JD Sports Fashion PLC, a clothing retail company, and National Grid PLC, a multiutilities business, also saw their stocks decline by 1.64% and 1.45% respectively.
On the other hand, Melrose Industries PLC, a building materials/products company, experienced the largest increase among the FTSE 100 constituents, with its shares climbing by 2.61% on Monday. Hikma Pharmaceuticals PLC, a pharmaceuticals firm, and Rolls-Royce Holdings PLC, an aerospace products/parts company, also rallied with their shares increasing by 2.33% and 1.45% respectively.
BAE Systems PLC, a defense equipment/products company, and 3i Group PLC, an investment advisors company, rounded out the top five largest increases with their stocks rallying by 1.39% and 1.34% respectively.
In currency markets, the pound was up 0.14% against the dollar at $1.2767 and 0.25% against the euro at €1.1608.
However, in the energy sector, Brent crude fell by 0.9% to $85.48. Meanwhile, the yield on the 10-year gilt increased by 7.270 basis points to 4.456%.
It is important to note that this news article was generated by an automation technology provider and is based on data from Dow Jones and FactSet.
Disclaimer: This news article is for informational purposes only and should not be seen as financial advice. Investors should conduct their own research and analysis before making any investment decisions.
