FTSE 100 Week 10 Results
Fragility of the economy means the slightest bit of bad news could be enough to cause further volatility in markets.
A third week of weekly decline meant that the FTSE 100 dropped to a near four-month low to close on Friday at 5957.09. Concerns over Britain leaving the European Union without a trade deal rose sharply, while housebuilders tumbled amid scrutiny from the UK’s competition regulator.
Analysts describe the economy as fragile with concerns about a possible no deal Brexit, rising unemployment and no sign yet of a coronavirus vaccine, meaning that the slightest bit of bad news could be enough to cause further volatility in markets.
Best
performing shares this week were:-
Melrose Industries plc (+13.5%)
Carnival plc (+7.3%)
Imperial Brands Group (+4.1%)
ITV plc (+3.8%)
Hikma Pharmaceuticals (+3.6%)
Biggest drags on the index this week included Ocado who were in the news this week with a positive story linking their deliveries to Marks & Spencer.
Scottish
Mortgage Investment Trust -11.7%)
Rolls Royce
Holdings Plc (-9.8%)
Flutter
Entertainment (-9.8%)
M&G plc
(-9.0%)
Ocado Group
plc (-8.2%)
When the effects of the market are applied to our competition entrants, we see only 12 of 152 making gains this week and only 41 ahead on their notional £50,000 investment.
Top spot is still held by Hansen Low but second and third changed places as the top ten remained the same personnel.
At the foot Beers Drunk remained rooted to the bottom but Vodafone caused Holiday Money to slide to second bottom.
Jennifer Grieve came out best with a 3.8% gain and Joan Nicol’s 2.4% gain was enough to make her the mover of the week, up 44 places.
Biggest loss was suffered by Sammy’s Granny down 11.7% and greatest faller of the week was Andrew Riddell who slipped 31 places.
