The FTSE 100 managed to close slightly in positive territory at 8,275 on Thursday, recovering from earlier losses. This marks the sixth consecutive session of gains as markets evaluated potential trade policy disruptions in the US and analyzed the latest corporate earnings reports in the UK.
- The FTSE 100 closed marginally above the flatline at 8,275.
- Rentokil Initial led the gains with a 5% increase after positive remarks from its CEO regarding the resilience of its pest control services.
- Sainsbury’s closed over 3% higher after delivering results.
- Fresnillo lost 5.5% due to profit-taking after a rally driven by soaring bullion prices.
- Fresnillo will share its trading update next week.
- The London Stock Exchange will reopen on Tuesday after a long weekend.
The market saw a mixed performance, with some companies benefiting from strong earnings and positive outlooks, while others experienced pullbacks after recent gains. Investor sentiment seems cautiously optimistic, but profit-taking remains a factor, particularly in sectors that have recently experienced significant growth. The upcoming trading update from Fresnillo and the reopening of the London Stock Exchange after the long weekend may influence future market movements.