FTSE 100: Week in Review

The FTSE 100 The whole week didn’t move very much, ending on Friday 24 September at 7,053 points for a modest 1.2% gain for the week. But it has taken a detour to get there, dropping sharply on Monday morning before heading back for the rest of the week.

London’s top index quickly began to fall into negative territory on the back of a slump in Asian markets. Chinese property developer Evergrand Group A debt crisis is looming, and fears for its future are spreading. Bond holders in particular are feeling the pressure.

Growing fears over energy prices haven’t helped, though it has BP And Shell No damage. The two major oil carriers have increased their share prices by 5% and 6%, respectively.

Rising inflation

Financial sector stocks got off to a weak start in a week where the Bank of England predicted that inflation would exceed 4% by the end of the year. The BoE is currently holding an interest rate of 0.1%. The fall of banks has recovered in the second half of the week, with the sector fairly flat overall by the end of the week.

Insurance business, Wise A particularly bad start was the insurer on Monday announced plans to list new b 2bn on the Hong Kong stock market. And during the day the stock falls to 9% at one point. But over the course of the week it has recovered some losses. Pru shares ended at a slightly less painful dip of 4% on Friday. Including other insurance stocks Aviva, Had an uncomfortable week and didn’t really go anywhere.

Top FTSE 100 winners

Maintain, The owner of Coral, Ladbrokes, And bwin, Was the biggest winner of the week of the FTSE 100. After an initial spike on Tuesday, Antenna share prices ended the week healthy, up 13%. It all depends on the 20bn acquisition process from the US sports betting agency Draft King. While accepting bids, the Antenna Board has so far lagged behind in their response. Looks like the story could go further.

The FTSE 100 aviation sector has enjoyed an unusually bright week. U.S. rules on entry of travelers from the UK are being relaxed. And the British government is replacing its changing traffic light system with something a little easier. On top of that, International Integrated Airlines We are told it does not want to raise any new equity.

The benefits of aircraft

As a result of the rise in IAG share prices, the stock ended up 17% on Friday. Rolls Royce GroupEncouraged by the growing airline optimism, its shares have risen 20% over the week. Even Easy jet The share price rose 8% by Friday, after news of its rights issue sank earlier.

Royal Mail Group Thursday released a nice looking trading update, but it hasn’t had a very positive impact on recent stock price weakness. Shares of Royal Mail ended Friday down one per cent. Shares fell 20% from a June 2021 high point. But in the last two years they have still more than doubled.

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Alan Oxroft owns Aviver shares. Motley Flower UK Prudential has recommended. The opinions expressed in the companies mentioned in this article may differ from those of the authors and therefore the official recommendations we make on our subscription services such as Share Advisors, Hidden Winners and Pro. Here at The Motley Flower we believe that considering a variety of insights makes us a better investor.

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