FTSE 100 Competition Results week 2
The movers and shakers in week 2 of our competition
The FTSE 100 went on a roll this week with five rises in the last six sessions, to end the week at 7,404.73 having gained more than 250 points since last Friday. The prospects of constructive talks between Russia and Ukraine helped to talk up trading at times. Only nine of the 100 lost ground this week and complicating matters is Russian owned Evraz now quoted with a value.
Energy companies and mining firms struggled, as the price of oil remained stable – at least compared to recent roller coaster performances – to end the week at $107.14 for a barrel of Brent crude.
The FTSE 100 is heavily reliant on companies that dig things out of the ground and falling prices of natural resources eat into the performance of the FTSE 100.
As a result, the shares in Glencore and Anglo American took a hit and the share prices of BP and Shell also lost interest as oil prices fell.
Gambling groups performed well and on Friday it was Ocado that led the pack, bouncing back after a torrid performance the day before when investors had reacted with horror to its latest set of results.
The biggest risers on the FTSE 100 were:-
Smurfit Kappa Group +13.8%
Intermediate Capital Group +13.4%
Entain plc +12.7%
Ashtead Group +12.3%
Scottish Mortgage +12.1%
St James Place +11.8%
Cyber-security giant Avast was one of the biggest losers in the FTSE 100 after its merger with US rival NortonLifeLock was put on hold by regulators due to competition concerns.
The biggest fallers were:-
Polymetal International -28.6%
Avast plc -11.5%
Glencore plc -6.3%
Anglo American -5.5%
M&G plc -3.5%
BAE Systems -1.4%
Investors in Evraz raced back up our results league. The leader Relegation Battle, third placed Monty Braw and sixth placed Euan Mackay all benefiting from value returning to the shares and gained between 55 and 62 places!
Last week’s leader Veronica Mackay held on at fourth with Sarah Grieve moving from 8th to second. Last week’s tailender kenco was another to benefit from Evraz, moving off the bottom to 16th. At the foot is now Comrie Colliery (who is invested in mining), just below Monty’s Paw and Ginger Biscuit.
