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UK stocks higher; Investing.com UK 100 up 0.76% at close By Investing.com

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UK stocks higher; Investing.com UK 100 up 0.76% at close By Investing.com

UK Stocks Close Higher, Coca Cola HBC AG Leads Gains

On Wednesday, U.K. equities closed higher, with the Investing.com UK 100 up 0.76% at the end of trading. The gains were propelled by the beverage, homebuilding, and retail sectors.

Coca Cola HBC AG (LON:) emerged as the best performer of the session, with its shares rising by 7.98% to trade at 2,382.00 at the close. This was followed by Persimmon PLC (LON:), which added 3.09% to end at 1,403.50, and Frasers Group PLC (LON:), which rose 2.85% to end at 829.00 in late trade.

On the other hand, Entain PLC (LON:) was the worst performer of the session, with its shares falling by 4.15% to trade at 933.40 at the close. This was followed by Fresnillo PLC (LON:), which declined 1.12% to end at 466.50, and Endeavor Mining PLC (LON:), which was down 1.01% to 1,269.00.

Overall, 954 stocks rose on the London Stock Exchange, outnumbering the number of stocks closing down, which was at 800. Meanwhile, 697 stocks remained unchanged.

In the commodities market, gold futures saw a 0.13% decline to $2,004.60, while WTI crude oil futures fell by 0.90% to $77.17 for March delivery. Brent crude oil futures also fell by 0.91% to $82.02.

In the currency market, GBP/USD did not see much movement, with an exchange rate of 1.26, while EUR/GBP remained unchanged at 0.85.

Lastly, U.S. dollar index futures fell by 0.22% to 104.62.

Overall, the U.K. stock market saw a positive trading day, with Coca Cola HBC AG leading the gains and the overall market showing resilience despite some pockets of decline.

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