FTSE 100 Competition Results week 9

FTSE_100_WEEK_NINE_RESULTS.pdf

FTSE 100 opened the week on 7,952.62
FTSE 100 closed the week on 7,911.16

After the Easter break the FTSE 100 looked to be pushing towards an all-time high on Tuesday, briefly touching a high of 8,015.63 during the morning, its best score since February 2023, and only about 31 points lower than its record. Throughout the week mining sector stocks led the way as copper miner Antofagasta made the initial surge followed shortly after that by Anglo American and both overtaken by Fresnillo which gained 15.34% over the four trading days.

Oil companies and banking shares did well this week but retailers Ocado, JD Sports, B&M, Next all suffered. Consumer goods company Reckitt Benckiser Group found itself 5.25% down and wealth managers St James’s Place lost 7.56% as it continued to fear payback to customers.

FTSE 100 biggest risers 
Fresnillo +15.34% (metal miner on the up as gold prices jump)
Antofagasta +7.60% (Deutsche Bank price target rise lifts digger)
Anglo American +6.98% (takeover chatter boosts mining firm)
Endeavour Mining +6.09% (rising gold price effect)
Shell +5.90% (higher crude oil prices buoy oil giant)
Glencore +5.24% (sector optimism helps commodities firm)

FTSE 100 biggest fallers
Ocado -16.57% (Morgan Stanley cuts target price)
St James’s Place -7.56% (fee fallout continued at wealth manager)
Croda International-7.22% (investors cash out after strong run)
Admiral -6.24% (profit taking weights on insurance group)
JD Sports Fashion -6.13% (lower target from JP Morgan for retailer)

Fantasy FTSE 100 Movers
Two entrants gained 28 places this week. Up to 13th, Comrie Colliery benefited from holdings in the top two performers and up to 17th Petroc Properies on the strength of Anglo American and oil stocks. In a week where all but six entrants portfolio values dropped, these two were notable standouts.

Last week’s stars James and Lewis Grieve (up 27 and 28 places)were this week’s biggest sliders down 20 and 17. 

Positions

The top nine all lost value this week but continue to be the same entrants but we have a new leader. Despite losing £25 this week, Jim Aitken has toppled Barry who slips to fourth with Spider and Sandy Paton sitting second and third. Naturally that means the field has tightened leaving scope for new entrants in the race to the top should the market continue last week’s trend.

At the foot of our table Dolphin Square lost further ground but the bottom dozen also comprises the same entrants as last week. 

49 of our contestants are showing gains on their notional £50000 investments with Jim Aitken up £7920.