A day in the stock market can be so short, right? Early monday FTSE 100 There was a mass of a deep red, an index with an index. Things are off. And although most stocks have shown losses, Futsy Day has fallen relatively modestly 0.8%.
Then on Tuesday, the top London index changed direction and ended the day 1% higher at 6,970 points. So in two days, the FTSE 100 didn’t really go anywhere. Business as usual, and no need to panic. The daily stock market movements don’t mean much to me, but it might be good to take a closer look and see what individual stocks are doing.
International Integrated Airlines, Monday’s runaway winner with an 11% jump, continues his ward upward trajectory. The British Airlines The owner closed its shares higher at 3.1% on Tuesday. Investors obviously feel better about the company’s balance sheet, after informing the IAG Sunday Times That it no longer plans on the subject of rights.
Knock effect on Rolls Royce As share prices continue, Arrow Engine makers rose another 3.5%. Shares of Rolls-Royce are now up 35% from their 2021 low in July.
Monday’s biggest FTSE 100 losses, Wise, Go back on Tuesday. In a day when Chinese markets were somewhat shaky, Prudential shares dropped about 8% of their value after the insurance company announced its Hong Kong listing plans. But now that it’s time for investors to properly digest the news, Prudential has returned 2.9%.
Kingfisher Was in the news, revealing the results of the first half. The B&Q Owner sales increased 20% in sales in the six months to July 1, 5% in consolidated EPS. Net debt also declined by 34% during this period, and the company was able to raise its interim dividend very nicely to 38%.
The cards also have a new £ 300m share buyback program. And Kingfisher now expects pre-tax profits for the full year of about £ 1010-5050 million. Did all this affect the market? Not at all. The stock price ended the day as the biggest loser of the FTSE 100, falling 4.9%. Concerns about supply chain infrastructure have surpassed Kingsfisher’s six-month surge.
Compass Group The stock fell 2.2% despite a bright trading update. Kingsfisher and Compass were among the few declines on Tuesday, the news had the impact of rising energy prices. It may come as no surprise Royal Dutch Shell And BP Showing positive progress. Shell ended with a 3.3% gain, BP rose 1.3%.
The biggest FTSE 100 winner
The gambling giant is late Maintain The rest of the day overshadowed the winners. Formerly known as GVC Holdings, includes antenna brands Coral, Ladbrokes, And bwin. According to CNBC, Draft King Ready to bid আ 20 billion for UK firm. The offer is said to be originally in the shares of Draftkings but with some cash, after all the shares from the antenna were rejected. MGM Resort At the beginning of the year. That bid company was valued at 11 billion.
At the time of writing, Antenna did not say anything about takeover claims. What happened to Antenna share price? Oh yeah, it jumped 18% a day.
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Alan Oscroft has no position on any of the shares mentioned. Motley Flowers UK has recommended Compass Group and Prudential. 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.