FTSE 100 Competition Results Week 7
A flat week on the market but some competitors make significant moves
It was a pretty flat week as the FTSE 100 started the week on 7234 and ended on 7204. 59 of the 100 gained on the week.
Best performers were:-
Fresnillo up 8.4%
Polymetal up 6.6%
Hargreaves Landsdown up 5.3%
Croda International up 5.1%
Hikma Pharmaceuticals up 4.4%
Spirax Sarco up 3.6%
Biggest losers this week were:-
International Consolidated Airlines down 14.7%
Whitbread plc down 7.4%
Rio Tinto plc down 7.3%
Barratt Developments down 6.6%
Rolls Royce Holdings down 6.5%
Glencore down 6.0%
Best performers last week, Glencore, Anglo American and Barratt lost most of their gains. Largest faller losing 14.7% was British Airways owner, IAG as they took a double hit. On Tuesday it was after proposals to hike airport charges at Heathrow were revealed. The new proposals, from the Civil Aviation Authority, would allow Heathrow’s charge to rise from £22 per passenger to £34.40.
Then on Wednesday IAG faced its second day as the biggest loser on the FTSE 100 after the decision by Morocco to ban UK travellers added to Tuesday’s woes over rising passenger fares at Heathrow.
Troubles for one of the China’s biggest property companies reverberated in the UK’s top index on Thursday. China’s builders use up large portions of the world’s mined natural resources, using masses of steel and cement to build the country’s rapidly expanding cities. So any move in the Chinese economy is especially likely to hit miners such as BHP, Glencore, Rio Tinto, Anglo American and Evraz, who were all among the biggest losers on Thursday.
After better news from China on Friday, and shaking off much of the negativity of earlier in the week, the index hovered around some of the highest levels it has seen since the beginning of the Covid-19 pandemic to close at 7204.55.
In our competition
Biggest movers were:-
The Medic up 23 places
Eilidh Giudice up 17 places
Maureen Aitken up 13 places
Biggest sliders were:-
Hope over Experience down 32 places
Alan Farquharson down 26 places
Trevor Chew down 25 places.
There is no change at the top of the leaderboard but there is a slight readjustment in the top ten. Margaret Farquharson is now up to tenth, Martin King up into fifth but Douglas S is still well ahead on the strength of oil shares. Trauts Locin moves up to second and Sammy The Tammy who made a whopping loss of £3692 on the week drops to third all because of IAG.
At the foot This Time? comes off the bottom with a best in competition this week gain of £1247. Kenco2 drops down a place to the foot of the leaderboard.
Plenty can happen before the end of November, and it probably will!
