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FTSE 100 down 0.53%; U.K. shares lower at market open

Published 22/05/2024, 08:53
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Investing.com - U.K. equities started lower on Wednesday, with losses in the Industrial Engineering, Mining, and Industrial Transportation sectors.

At the market open in London, the FTSE 100 Index fell 0.53%. The FTSE 250 Index and the FTSE 350 Index also showed declines, reflecting the broader market sentiment. The FTSE 250 dropped 0.43%, while the FTSE 350 decreased by 0.14%.

Top Gainers:

  • Airtel Africa Plc (LON:AAF): Rose 0.59% or 0.70 points to 120.20
  • J Sainsbury (LON:SBRY): Climbed 0.49% or 1.40 points to 284.80
  • B&M European Value Retail SA (LON:BMEB): Added 0.33% or 1.80 points to 543.00

Top Losers:

  • SSE PLC (LON:SSE): Dropped 2.25% or 40.50 points to 1,758.50
  • Persimmon PLC (LON:PSN): Fell 2.13% or 31.0 points to 1,424.0
  • Ashtead Group PLC (LON:AHT): Declined 1.83% or 106.0 points to 5,686.0

In Commodities Trading:

Gold Futures for June delivery declined 6.1 points to $2,419.8 a troy ounce.

Crude Oil for June delivery decreased 0.56 points to $79.26 a barrel.

July Brent Oil Contract fell 1.24% or 1.03 to 81.85 a barrel.

Currency Markets:

GBP/USD remained unchanged at 1.27.

EUR/GBP dropped slightly to 0.85.

The US Dollar Index Futures was down 0.01% at 104.64

Main Economic Events:

Today's main economic events in the United Kingdom include the release of CPI and PPI data, which are expected to provide insights into the country's economic outlook and potential policy changes.

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