The FTSE 100 started the week at 7387.94, touched as low as 7,158 points on Thursday, its lowest since March but gained 184.81 points on Friday to close at 7,418.15.
Investors have many reasons to back away at the moment. Rising prices and higher interest rates are sure to hurt consumption while the war in Ukraine and the lockdowns in China are hampering global supplies and exacerbating inflation.
Few of these concerns are likely to be resolved soon. Interest rates are expected to keep rising until there is confidence that consumer prices are finally under control — something investors fear will result in an economic slump.
Miners Antofagasta, Glencore and Anglo American were among the worst-hit stocks. There was also a collapse in the share price of Fresnillo.
The top mover on the FTSE was Coca Cola up 14.9% and Compass Group, which rose 9.6% after beating expectations in the first half, upgrading its outlook for the full year, and announcing a half-billion-pound share buyback.
JD Sports, which set new profit guidance, ended the week up 6.4%, while B&Q owner Kingfisher, Sainsbury’s and B&M all saw strong showings.
This week’s best performers
Coca Cola +14.9%
Compass Group +9.6%
Next plc +8.9%
Kingfisher +7.7%
Phoenix Group +6.9%
JD Sports +6.4%
This week’s poorest performers
Antofagasta plc -7.4%
Avast plc -6.6%
Fresnillo-6.5%
International Consolidated Airlines -6.3%
Airtel Africa plc -5.7%
Glencore plc -5.4%
In our competition kenco still leads the way but Midge has moved into second and Fiona Spriddle is up from fifth to third. Lynsey Spriddle enters the top ten in seventh, otherwise the leaders places have only altered marginally.
No change for the four at the foot of the leaderboard but Ever Hopeful and George Primrose have edged closer to them.
Movers this week were Linda Primrose up 22 places with the best gain this week (£1991), Margaret Farquharson up 18 and Neil and Jean Spriddle both up 12. Going in the other direction were - Comrie Colliery down 37 places following a massive £2835 loss due to reliance on mining shares, Monty’s Paw down 19 and Mac Scot9 down 18.
more Our competition closed with the FTSE 100 at a record high
more FTSE 100 drops 100 points in period of uncertainty
more FTSE reacts as gold trades at record high of nearly £1,866 per ounce
more Mining shares are the winners as all but six entrants lose money this week
more JD Sports share price boosts entrants portfolios
more Barry consolidates his lead as everybody bar one gained this week
more FTSE 100 index ended the week close to its midweek nine-month high.
more Barry hits the top
more Mover of the week was Brian Duncan up 22 places
more Zona takes over top spot with a near £3000 improvement on her initial notional £50,000
more Mac Scot9 still leads the way in a week where some wise entrants gained over £2000
more Results after the first week of our Fantasy competition
more Our FTSE100 Competition, which runs from 6th February through to 28th April 2024 is open to all.
more Final week leaves Zona top of the leaderboard
more A new leader but competition tightens at top and bottom
more Little drama in this week in our competition
more Quiet week on the markets
more The market this week has brought us a new leader
more Banking stocks were predictably still the weakest performers
more A dramatic week on the markets leaves only three entrants in positive funds!
more Weak and muted market makes little difference in our competition
more We have a new leader after suggestion that the economic picture may not be as dire as had been predicted
more Good for Rolls Royce backers, not so good for mining shares
more Results for week ending 10th February 2023
more Our FTSE100 Competition, which runs from 6th February through to 28th April 2023 is open to all.
more Winner puts in a strong finish to pip our long time leader
more Little change as contest goes into its final week
more Poor week for the index, entrants closing in on our leader
more No significant changes in this week's competition
more Our competition leader kenco increased his lead however, now almost £3000 ahead of Spider in second and Sammy’s Granny in third.
more In our FTSE 100 competition kenco still leads the way though his lead has lessened again. Spider goes second with a Comrie Colliery dropping to third.
more Our leader is still kenco but his advantage has been cut by Comrie Colliery on second. Spider is down one in third, Ross Grieve jumps from 17th to fourth and Fiona Spriddle is up four to fifth.
more All our entrants have improved on their initial £50000 investment. The new leader is kenco with a massive £15,126 gain after one month.
more The index gains 78 points on the week and all our entrants are in profit
more The movers and shakers in week 2 of our competition
more First week of our latest FTSE 100 competition. 73 of the 100 gained in value
more Please do you best to encourage entries the leader after twelve weeks wins £100 voucher. We are paying out in vouchers since we do not want the winner under pressure to donate back the prize.
more At the conclusion of our FTSE 100 competition The Piper is our winner
more Worst trading day since March 2020 impacts our competition
more The FTSE 100 opened the week on 7347.91 and closed on Friday at 7223.57.
more Our competition has a new leader - John Beswarick who moves from fifth to pole position
more Oil price volatility and increased confidence in travel affects share prices
more Leader and top ten entrants remain the same
more A flat week on the market but some competitors make significant moves
more 30 of our 76 entrants are up on their 1st September starting values.
more Leader remains the same
more Our leader increases his lead
more Massive swings for the fortunes of entrants
more Update on how entrants portfolios are doing.
more News of where entrants started and how they fared in the first period of trading
more A new competition to test your ability to predict stock market movements
more Some dramatic moves, some dramatic losses but we have a winner gaining £8955 in 13 weeks
more With one week remaining Ginger Biscuit hits the front but we are poised for a close finish
more Our competition is still led by Gavin Riddell with a £7941 gain but the top eight are separated by less that £1000.
more Sterling plunges but lifts FTSE to new high
more In our competition those holding International Consolidated Airlines benefited the most in terms of leaders and movers. Gavin Riddell has regained the lead,
more It was the third week where the FTSE 100 moved only marginally, it gained 0.5% on the week 84 of our 115 entrants are currently showing gains on their notional £50,000 start.
more Leader loses ground as Ginger Biscuit makes considerable gains
more We have a new leader as the FTSE is up on the week
more Michael Riddell retains his lead
more We have a new leader with Michael Riddell (+£5132) taking over at the top from Ogg of Echt.
more FTSE 100 rise to close at 6624, creating major swings in our competition table
more Optimism over the future direction of the UK economy helped push the FTSE higher to close 86 points up at 6,589.79 on Friday.
more See who made gains, who made losses and which shares did best
more Who knows what will happen to the stock market next? You can be seen to be the investment guru in this fun competition. Entries close Friday 29th January 2021
more Our winner turns £50,000 into £68,645
more Volatile week on stock market yields a new leader in our contest
more There is enough volatility about to mean that the last eight trading days of our contest will be extremely interesting.
more Travel-related stocks continued to suffer, International Consolidated Airlines losing 11.5% on the week closely followed by easyJet who were down 9.9%.
more Fragility of the economy means the slightest bit of bad news could be enough to cause further volatility in markets.
more Leader’s advantage narrows in a market that was described as directionless.
more Only 26 of the FTSE 100 shares made gains this week but 43 of our entrants made positive gains.
more Leaders lose ground as others make remarkable catch ups
more 61 of our 152 entrants are now showing gains on their initial £50,000 investment
more Leaders and trailers stay the same as index dips to ten week low
more Leaders same in Week Four as the index fell 2.6% for the week to close at 6123.82
more Week Three sees a new leader though the entrants at top and bottom remain mainly the same
more Week 2 of the FTSE 100 competition has seen some spectacular movements within the leaders’ table both upwards and downwards
more Only 13 companies are currently showing gains in values, our leader has made a £6895 gain on the £50,000 investment.
more Who knows what will happen to the stock market next? You can be seen to be the investment guru in this fun competition. Entries close Friday 26th June 2020
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