U.K. Stocks Close Lower as FTSE 100 Index Declines
The U.K. stock market closed lower with the FTSE 100 Index declining. Find out the top decreases and increases among the constituents. Get updates on currency, commodity markets.
The U.K. stock market closed lower on Monday, with the FTSE 100 Index decreasing by 0.03% to reach 7,492.21.
Among the companies listed in the FTSE 100, chemicals company Croda International PLC saw the largest drop on Monday, as shares declined by 7.32%. Passenger airlines firm International Consolidated Airlines Group S.A. and clothing retail company Next PLC also experienced significant decreases, with their shares falling by 6.14% and 4.35% respectively.
On the other hand, defense equipment/products company BAE Systems PLC saw the largest increase among FTSE 100 constituents, as shares rose by 4.53% on Monday. Major oil & natural gas companies firm BP PLC and major oil & natural gas companies company Shell PLC also performed well, with their shares rallying by 2.91% and 2.61% respectively.
Apart from Croda International PLC, other companies experiencing significant decreases included Spirax-Sarco Engineering PLC, a technical services company (-4.16%), and air freight firm International Distribution Services PLC (-3.93%).
In addition to BAE Systems PLC, Imperial Brands PLC, a tobacco company (+2.04%), and wireless telecommunications services company Vodafone Group PLC (+1.74%) were among the top five gainers on Monday.
The pound was down against the dollar by 0.30% and up against the euro by 0.16%.
Meanwhile, Brent crude rallied by 3.9% to reach $87.88, while the yield on the 10-year gilt fell by 9.290 basis points.