FTSE 100 Week 9 Results
Poor week for the index, entrants closing in on our leader
Just four trading days this week and the FTSE 100 index closed at 7387.94 having opened on Tuesday at 7544.55. It was a good week for those investing in BP and Shell but not so good for others.
BP led the FTSE 100 after it notched up its highest quarterly underlying profits for more than a decade thanks to rocketing oil and gas prices. Across the Channel, the situation was fluid as EU investors also digested the trading bloc’s plan to ban Russian oil exports.
Retail stocks suffered ahead of the Bank of England inflation forecasts, while Cabinet ministers also said shoppers should look to buy value products in order to manage their household finances amid the surging cost of living.
Shell announced its first-quarter profits reached a record high thanks to the soaring price of oil and gas.
At £7.2 billion, underlying earnings were higher than expected, close to three times better than the same period a year ago.
Only 13 of the FTSE 100 made gains this week.
Best Performing Shares this week
BP plc +9.0%
Shell plc +5.8%
Mondi Plc +5.0%
Flutter Entertainment +4.6%
BAE Systems +2.2%
DCC Ltd +1.9%
Greatest Losers this week
Segro plc -17.4%
Ocado Group -13.4%
Electrocomponents plc -10.6%
Dechra Pharmaceuticals -10.6%
Croda International -9.8%
Entain plc -9.7%
Those in our competition making moves upwards this week were the nine entrants whose portfolios managed to stay in positive over the week. Biggest movers were Crispy Crumble gained 24 places, Jim Aitken +19, Liz P +18 and Mulberry Lodge +17.
Those losing ground were led by Zona Paton down 23 places with a loss on the week of £3272, Maureen Aitken dropped 20 with a loss of £3168 and Stephanie falling 20 places with a £2717 loss. Just as well this is all make believe!
Our leader kenco lost £2410 and as a consequence things have closed at the top of the leaderboard. Sammy’s Granny is back into second and seven in the top ten last week remain there. Bouncing into the top ten though come Alistair Campbell, Sandy Paton and Lucky Dip.
At the other end, bottom nine remain the same, Ian G leading the way with his £50,000 starting value now at £45,004. Now only 48 of our 64 entrants in positive ground since the start.
