7 most bought FTSE stocks despite inflation concerns

January 29, 2022 04:00 PM PST | By Rishika Raina
 7 most bought FTSE stocks despite inflation concerns
Image source: solarseven,shutterstock

Highlights

  • Stocks markets have given a decent performance in 2021.
  • The market is very unpredictable at present and it’s difficult to anticipate what’s in store for the upcoming months in 2022.
  • Certain global developments can have an influence on the UK stock market, and the stocks prices can fluctuate.

The overall performance of the stock markets has been decent last year, but this fact doesn’t guarantee that the same will continue this year as well. The market is very unpredictable and it’s difficult to anticipate what’s in store for the upcoming months in 2022, as certain major global developments, an example being the US rate hike, have an influence on the UK stock market.

Amid the market turbulence, some stocks might lose, and others might gain, based on a number of factors. Let’s take a look at 7 most-bought UK shares recently.

Unilever plc (LON: ULVR)

Offering an array of consumer products globally, Unilever plc holds a position among the biggest manufacturing firms across the UK. The market cap of the FTSE100-listed company stands at £98,533.18 million, and it has given a return of -12.66% to its shareholders in the last one year as of 28 January 2022. Unilever plc’s shares were trading at GBX 3,816.50, down by 0.81%, at 8:07 AM (GMT) on 28 January 2022.

7 most-bought stocks now

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Lloyds Banking Group PLC (LON: LLOY)

It is one of the UK’s biggest financial services firms and is expected to gain from the soaring inflation and BoE’s rate hikes. The market cap of the FTSE100-listed company stands at £37,109.30 million, and it has given a return of 55.67% to its shareholders in the last one year as of 28 January 2022. Lloyds Banking Group plc’s shares were trading at GBX 51.78, down by 0.90%, at 8:11 AM (GMT) on 28 January 2022.

RELATED READ: Which overseas stocks can you buy now?

Scottish Mortgage Investment Trust PLC (LON: SMT)

Controlled by Baillie Gifford & Co Limited, Scottish Mortgage Investment Trust PLC is an investment trust which has a holding in American aerospace group SpaceX. The market cap of the FTSE100-listed company stands at £15,098.40 million, and it has given a return of -19.56% to its shareholders in the last one year as of 28 January 2022. Scottish Mortgage Investment Trust plc’s shares were trading at GBX 1,024.50, down by 2.01%, at 8:16 AM (GMT) on 28 January 2022.

Tesla, Inc. (LON: 0R0X)

US-based electric vehicle and clean energy business Tesla is helping the world in shifting towards sustainability. It has given a return of -5.17% to its shareholders in the last one year as of 28 January 2022. Tesla’s shares were trading at US$870.60, down by 1.32%, at 8:23 AM (GMT) on 28 January 2022.

BP plc (LON: BP)

London-headquartered oil and gas firm BP plc has reaped the benefits of increasing inflation and escalating energy prices globally. The market cap of the FTSE100-listed company stands at £77,231.61 million, and it has given a return of 38.94% to its shareholders in the last one year as of 28 January 2022. BP plc’s shares were trading at GBX 392.30, down by 0.05%, at 8:26 AM (GMT) on 28 January 2022.

The market is very unpredictable at present

© 2022 Kalkine Media®

RELATED READ: Which stocks you can buy thinking about possible recovery later?

Canadian Overseas Petroleum Limited (LON:COPL)

Canadian Overseas Petroleum Limited is a Canada-headquartered oil and gas business. The market cap of the company stands at £49.69 million, and it has given a return of 20.70% to its shareholders in the last one year as of 28 January 2022. Canadian Overseas Petroleum Limited’s shares were trading at GBX 29.25, down by 3.31%, at 8:29 AM (GMT) on 28 January 2022.

THG PLC (LON: THG)

Popularly known as The Hut Group, THG PLC, is a UK-based e-commerce firm. The market cap of the company stands at £1,661.64 million, and it has given a return of -81.44% to its shareholders in the last one year as of 28 January 2022. THG PLC’s shares were trading at GBX 135.30, down by 0.59%, at 8:33 AM (GMT) on 28 January 2022.


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