FTSE 100 extends gains; mining stocks lead

3 min read | April 27, 2022 07:33 AM PDT | By Rishika Raina

UK Market News: The UK stock market has extended the gains on Wednesday, with the blue-chip FTSE 100 index up by over half a percent. Most of the mining stocks like Anglo American, Rio Tinto, Antofagasta, and Fresnillo have once again taken the lead after they suffered a huge sell-off on Monday. Banking stocks like HSBC and Lloyds, also lifted the index for the second day in a row.

Anglo American Plc (LON: AAL): The shares of the London-headquartered mining firm, Anglo American plc, were up by 5.18%, with a day’s high of GBX 3,488.50. The company has bounced back after recently downgrading its full-year production guidance, which led to a slump in its shares.

Fresnillo plc (LON: FRES): The shares of the Mexico-based precious metals mining firm, Fresnillo plc, were up by 4.43%, with a day’s high of GBX 806.60. Even though its gold output has declined, the company declared robust Q1 production results yesterday.

Rio Tinto plc (LON: RIO): The shares of the Anglo Australian mining giant, Rio Tinto plc, were up by 3.65%, with a day’s high of GBX 5,656.00. Even after a 15% decline in its Q1 iron ore shipments, the shares of the company are grabbing investors’ attention.

US Markets: The US market is likely to make a mixed start, as indicated by the futures indices. S&P 500 future was up by 17 points or 0.41% at 4,187.50, while the Dow Jones 30 future was down by 0.65% or 216 points at 33,378.00. The technology-heavy index Nasdaq Composite future was also down by 0.21% or 27.50 points, at 13,043.50. (At the time of writing – 9:10 AM ET).

The shares of the solar microinverter maker, Enphase Energy (ENPH), went up by over 8% in the premarket trading session. The company recently reported record-high revenues in its first-quarter results and has bright prospects as energy prices are soaring due to the Russia-Ukraine crisis.

The shares of the networking technology maker, Juniper Networks (JNPR), declined by over 6% in the premarket trading session. The company recently reported less-than-expected earnings for the first quarter due to supply chain issues.

European Indices Performance (at the time of writing):

European Indices Performance

FTSE 100 Index One Year Performance (as on 27 April 2022)

 1 Year FTSE 100 Chart

(Source: EODHD/Others)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Barclays Plc (BARC), Glencore (GLEN)

Top 3 Sectors traded in green*: Basic Materials (2.83%), Healthcare (1.96), Financials (0.55%)

Top 3 Sectors traded in red*: Technology (-1.77), Consumer Cyclicals (-0.85), Real Estate (-0.34%)

London Stock Exchange: Stocks Performance (at the time of writing)

 Stock Performance On LSE

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $103.32/barrel and $100.10/barrel, respectively.

Gold Price*: Gold price quoted at US$ 1,891.80 per ounce, down by 0.61% against the prior day’s closing.

Currency Rates*: GBP to USD: 1.2565; EUR to USD: 1.0551.

Bond Yields*: US 10-Year Treasury yield: 2.757%; UK 10-Year Government Bond yield: 1.8075%.

*At the time of writing


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