Blue-chip stocks to watch in January

Highlights

• Shares of companies listed on the UK’s blue-chip index went further up today following the closing of the FTSE 100 index at its greatest point in more than three years on Friday.
• The week had a great start mainly due to the boost received by China’s reopening along with expectations that the US economy could prevent a hard landing.
• Stocks related to commodities helped the stock market to rise further in London on Monday.

Shares of companies listed on the UK’s blue-chip index went further up today following the closing of the FTSE 100 index at its greatest point in more than three years on Friday. The week had a great start mainly due to the boost received by China’s reopening along with expectations that the US economy could prevent a hard landing.

On Friday, the FTSE 100 index closed at 7700 following the release of fresh data indicating towards a slowdown in the wage growth of job markets in the US. The data gave rise to expectations that inflation is being controlled. Stocks related to commodities helped the stock market to rise further in London on Monday.

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The price of crude oil and other commodities went up due to the increase in optimism regarding the revival of the Chinese economy post the dumping of the obligatory quarantine requirements. Some UK blue-chip companies that gained 1% or more following the price hikes include Shell, Glencore, and Anglo-American.

Kalkine Media® here explores the performance of these three blockchain stocks.

Shell plc (LON: SHEL)

The returns offered by FTSE100-listed Shell plc, an oil and gas giant, stood at 37.86% and 2.87% on annual and YTD (year to date) basis, respectively, as of 9 January. On the same day, at around 12:30 PM (GMT), SHEL shares witnessed a hike of 1.89%, or 44.50 points, trading at GBX 2,394.50. With a turnover of £43,995,726.98 and a market cap of £164,263.58 million, Shell’s EPS (earning per share) stood at 2.59.

Glencore plc (LON: GLEN)

The returns offered by the FTSE100-listed miner and commodity trader, Glencore plc, stood at 36.68% and -2.48% on annual and YTD basis, respectively, as of 9 January. On the same day, at around 12:30 PM (GMT), GLEN shares witnessed a hike of 2.24%, or 11.80 points, trading at GBX 537.70. With a turnover of £40,461,298.56 and a market cap of £67,312.44 million, Glencore’s EPS stood at 0.38.

Anglo American plc (LON: AAL)

The returns offered by the FTSE100-listed mining business, Anglo American plc, stood at 8.40% and 9.14% on annual and YTD basis, respectively, as of 9 January. On the same day, at around 12:30 PM (GMT), AAL shares witnessed a hike of 0.60%, or 21.00 points, trading at GBX 3,530.00. With a turnover of £18,583,722.40 and a market cap of £46,935.1 million, Anglo-American’s EPS stood at 6.93.