The U.K. stock market witnessed both gains and losses on Tuesday, as the FTSE 100 Index closed down by 0.43% at 7,666.27.
Declines in Major Companies
Several FTSE 100 constituents faced significant drops in their share prices. Precious metals company Fresnillo PLC saw the largest decline, with shares falling by 4.40%. Investment advisors firm Intermediate Capital Group PLC and clothing retail company JD Sports Fashion PLC also experienced notable drops of 3.77% and 2.82% respectively.
Decreases in Banking Giants
NatWest Group PLC, a prominent banking company, and major international banks company Barclays PLC were among the top five biggest decliners. Their stocks fell by 2.50% and 2.28% respectively.
Rise in Real Estate Developer’s Shares
On the flip side, real estate developers company Rightmove PLC witnessed the largest increase among the FTSE 100 constituents. The value of their shares rallied by 1.79% on Tuesday.
Boost in Banking and Wholesalers Sectors
Shares of major international banks firm HSBC Holdings PLC (UK Reg) and wholesalers company Ferguson PLC saw a surge of 1.33% and 1.00% respectively.
Subtle Rise for Other Companies
Internet/online company Auto Trader Group PLC and pharmaceuticals company Hikma Pharmaceuticals PLC rounded out the top five largest increases, with their stocks rising by 0.84% and 0.77% respectively.
Currency and Commodity Market Update
The pound experienced a decline of 0.69% against the dollar, reaching $1.2747, and a decrease of 0.44% against the euro, settling at €1.1620.
Meanwhile, Brent crude shed 0.7%, reaching $84.83, and the yield on the 10-year gilt increased by 9.280 basis points to 4.402%.