The FTSE 100 The index rose marginally by 0.2% in today’s trade. The FTSE 250 The index, on the other hand, declined slightly by 0.1%. This is a continuation of the trend seen at the beginning of the week, which means that the FTSE 250 index is getting weaker than the FTSE 100.
What’s going on
This becomes even clearer when we look at the stock market data so far in October. The FTSE 100 index is down 0.4% from September, the FTSE 250 is down a whopping 4.5%. This gives me an indication of the potential investors’ differences in UK-centric companies, which I mentioned a few days ago. It’s not hard to understand, fuel prices are rising in the UK as a result of the shortage of lorry drivers and the withdrawal of government support in the form of stamp duty holidays and furlough schemes.
Oil giants lead the FTSE 100 index
The FTSE 100 index, on the other hand, has gained some ground today due to fuel price pressures. Oil giants were the biggest gainers BP And Royal Dutch Shell. While BP shares rose 2.5%, shell shares rose 2.1% as WTI crude futures breached $ 80 a barrel, the highest level since November 2014.
Other cyclical stocks like Banking Big Standard Chartered, Air-engine manufacturer Rolls Royce, And International Integrated Airlines Group, Perhaps to improve global attitudes towards recovery and to buy stocks with potential while they are still down.
Packaging providers fall
As far as the FTSE 100 is defeated, both Earth And SmartFit Kappa Features among the top five stocks that weaken. Both are packaging providers who performed well last year as online shopping unexpectedly closed in on the epidemic. However, they are plagued by rising spending pressures this year, as inflation continues to rise. Mondi released a strong update earlier this week, as it successfully delivered the cost to customers. However, inflation is still rising, it could affect the company in the next few months.
Other FTSE 100 victims include the Engineering Group I had And Spirax-Sarco Engineering As well as property portals On the right.
Strength is also among the FTSE 250 beneficiaries
Surprisingly, he was one of the top five FTSE 250 beneficiaries Harbor EnergyFormerly known as Premier Oil, it grew by 5.5%. Others included Wood Group, Which increased by 6..4% and Baltic classified, Which increased by 6%
Travel is still helpless
The largest FTSE 250 flyer was the travel operator TUIWhich wiped out all profits from mid-September to a whopping 15.5%. The company said earlier this week that it plans to reduce debt by going into a rights issue. Student accommodation provider Unified group It was a loss because it lowered profit estimates. It is down 4.6%. This was followed by the homeware retailer Dunelm, Which decreased by 3%.
Manika Prem Singh owns shares in BP, Rightmove and Royal Dutch Shell B. The Motley Fool UK recommends Rightmove and Standard Chartered. Opinions expressed in the companies mentioned in this article may differ from those of the author and therefore our official recommendation in our subscription services such as Share Advisor, Hidden Winner and Pro. Here at The Motley Flower we believe that considering a variety of insights makes us a better investor.