Home » UK stocks higher; Investing.com UK 100 up 0.03% at close of trade By Investing.com

UK stocks higher; Investing.com UK 100 up 0.03% at close of trade By Investing.com

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UK stocks higher; Investing.com UK 100 up 0.03% at close of trade By Investing.com

UK Equities Finish Slightly Higher, Burberry Soars

On Monday, UK equities closed slightly higher, with the Investing.com UK 100 up 0.03% at the end of the trading day. The positive performance was driven by gains in the technology and consumer discretionary sectors.

Leading the session’s best performers was Burberry, which saw a 5.08% increase, adding 64.50 points and closing at 1,335.50. Following closely was Frasers Group PLC with a 4.98% rise, or 39.00 points, to end at 822.50. Ocado Group PLC also posted gains, rising by 4.60% to 536.80.

Conversely, Rolls-Royce Holdings Limited experienced a 2.83% decline, losing 9.00 points and closing at 309.10. AstraZeneca Pharmaceuticals and GSK plc also struggled, falling by 2.66% and 2.02% respectively.

In total, 1,109 stocks rose on the London Stock Exchange, outnumbering the 652 stocks that closed down. Meanwhile, 689 stocks did not show significant movement.

AstraZeneca Pharmaceuticals took a hit, seeing its shares drop to one-year lows, losing 2.66% to 9,501.00. Additionally, gold futures for the April options contract fell by 0.43%, while WTI crude oil futures for March delivery saw a 0.12% decrease and the April London Brent crude oil futures contract fell by 0.41%.

In forex, the GBP/USD exchange rate remained steady, while the EUR/GBP quote also saw minimal change. Meanwhile, U.S. dollar index futures fell by 0.02% to 103.97.

Overall, the UK stock market experienced a mixed trading session, with some sectors and companies outperforming others. Investors will be keeping a close eye on market developments as the week progresses.

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