The FTSE 100 experienced minimal movement on Friday after achieving a record high in the previous session. Despite the flat performance on Friday, the index is still up approximately 2.5% for the week, bolstered by positive UK economic data. Sector performance was mixed, with banking and LSE stocks outperforming, while GSK and precious metal miners lagged.
- The FTSE 100 was little changed on Friday but up about 2.5% for the week.
- Upbeat UK economic data, including strong retail sales, supported the index.
- NatWest shares jumped nearly 4% following a profit beat and upgraded guidance.
- LSE shares rose over 4%, continuing gains from the previous day’s robust results.
- GSK slipped more than 1% despite US drug approval due to regulatory concerns.
- Fresnillo and Endeavour declined as gold prices fell.
The market’s recent performance suggests underlying strength supported by a positive economic outlook, particularly reflected in consumer resilience. While some individual stocks experienced setbacks, the overall trend indicates a generally healthy market environment, with specific sectors benefiting from favorable conditions such as higher interest rates for the banking sector. The performance of individual companies also reflects broader market sentiment and the impact of specific industry dynamics and regulatory factors.