FTSE 100 Week 4 Results
Leaders same in Week Four as the index fell 2.6% for the week to close at 6123.82
Hansen Low continues to lead in Week 4 of the FTSE 100 competition. The top six are still the same entrants but well done to Michael Riddell and A Nonny Mouse who make it into the top ten. Biggest mover this week, despite making a loss of 1%, was JohnB up 55 places, but Lewis Grieve (+40) and CMcG (+39) also made huge leaps and watch out for Brian Merrett after making up 41 places last week, he climbed another 28 this week! At the wrong end the same 5 entrants again retain the last five spots and just 48 of our 152 entrants are currently up.
Shares fell this week as souring U.S.-China relations weighed and marked weekly losses with concerns over the coronavirus and uncertainty over a vaccine spurred a selling-out of equities. The index fell 2.6% for the week to close at 6123.82 while gold broke above $1,900 an ounce on its march toward a record high.
That led to gold miner Polymetal outperforming its blue-chip peers with a 12% rise for the week after clocking higher quarterly production. Fresnillo gained another 9% also benefiting from those higher bullion prices.Saga (+10%) and Hargreaves Lansdown (+9%) were the other winners this week.
Only 18 of the 100 showed gains on the week and best performer was British Gas owner Centrica Plc which surged more than 14% after it announced plans to sell its North American subsidiary Direct Energy for $3.63 billion.
Retail sales jumped back almost to pre-coronavirus lockdown levels in June when non-essential stores in England reopened, but analysts warned that a greater shift toward online shopping might prevent a V-shaped recovery but Morrison, Next and Tesco shares appreciated.
The well backed AstraZeneca fell 6% on the week but like a large number of others their half yearly results will be announced in the coming week.
73 shares currently show losses – the poorest being easyjet, Burberry Group and Melrose Industries all down 11%. International Consolidated Airlines Group SA lost another 9% to lose 39% in value, the most since the competition started.
