The U.K. stock market experienced a decline on Wednesday, with the FTSE 100 Index falling by 1.36% to reach a closing value of 7,561.63.
Declines Among FTSE 100 Constituents
Several FTSE 100 constituents witnessed notable declines in their stock prices on Wednesday:
- Ocado Group PLC (OCDO, -5.61%): The food retail company experienced the largest decline with a drop of 5.61%.
- Prudential PLC (PRU, -4.44%) and Hargreaves Lansdown PLC (HL, -3.83%): The life insurance firm and the investment advisors company saw their shares decrease by 4.44% and 3.83% respectively.
- Anglo American PLC (AAL, -3.82%) and Scottish Mortgage Investment Trust PLC (UK:SMT): These companies, involved in general mining and closed-end funds respectively, rounded out the top five largest decreases with stock declines of 3.82% and 3.48%.
Increases Among FTSE 100 Constituents
On the other hand, some FTSE 100 constituents experienced increases in their stock prices:
- BAE Systems PLC (BA, +6.36%): The defense equipment/products company witnessed the largest increase with shares rising by 6.36% on Wednesday.
- Taylor Wimpey PLC (TW, +2.85%) and Smurfit Kappa Group PLC (SKG, +1.83%): The residential building construction firm and the containers/packaging company saw their shares rise by 2.85% and 1.83% respectively.
- Dechra Pharmaceuticals PLC (DPH, +1.52%) and RELX PLC (REL, +0.27%): These companies, operating in the pharmaceuticals and publishing sectors respectively, completed the top five largest increases with stock climbs of 1.52% and 0.27%.
Market Movements and Statistics
In terms of currency and commodities, the pound experienced a decline of 0.52% against the dollar, reaching $1.2709, and a decrease of 0.10% against the euro, amounting to €1.1619.
Furthermore, Brent crude dropped by 2.2% to $83.00, while the yield on the 10-year gilt rose by 0.510 basis points to 4.407%.
