U.K. Stocks Finish Lower

by Warren Seah

The U.K. stocks market closed lower on Monday, with the FTSE 100 Index falling by 0.13% to 7,554.49.

Declines in FTSE 100 Constituents

Scottish Mortgage Investment Trust PLC saw the largest decline among the FTSE 100 constituents, as its shares dropped by 2.23%.

Other notable declines included B&M European Value Retail S.A., which fell by 2.02%, and Anglo American PLC, which saw a decline of 1.87%.

Top Increases

Melrose Industries PLC, a building materials/products company, experienced the largest increase among the FTSE 100 constituents, with shares climbing by 2.61% on Monday.

Hikma Pharmaceuticals PLC and Rolls-Royce Holdings PLC also showed gains, rallying by 2.33% and 1.45%, respectively.

Notable Companies

JD Sports Fashion PLC, a clothing retail company, and National Grid PLC, a multiutilities business, were among the top five largest decreases, with their stocks declining by 1.64% and 1.45%, respectively.

Similarly, BAE Systems PLC, a defense equipment/products company, and 3i Group PLC, an investment advisors company, rounded out the top five largest increases, with their stocks rallying by 1.39% and 1.34%, respectively.

Currency and Commodity Update

The pound strengthened against the dollar by 0.14% to $1.2767 and against the euro by 0.25% to €1.1608.

Brent crude fell by 0.9% to $85.48, while the yield on the 10-year gilt increased by 7.270 basis points to reach 4.456%.

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