Fresnillo Plc, M&G, IAG: Should you hold these FTSE100 risers, fallers

Be the First to Comment Read

Fresnillo Plc, M&G, IAG: Should you hold these FTSE100 risers, fallers

 Fresnillo Plc, M&G, IAG: Should you hold these FTSE100 risers, fallers
Image source: Shutterstock.com

Highlights

  • FTSE100 index was up on 24 March on the back of elevated oil prices and Sunak’s Spring Statement.
  • Fresnillo Plc and M&G plc were among the top FTSE100 risers, while the top fallers were International Consolidated Airlines Group S.A. and Ferguson plc.

The commodity heavy FTSE100 index has been on a roller coaster rise this year, especially since the escalation of the Russia-Ukraine crisis. On 24 March, the blue-chip index was up by 0.04%, standing at 7,463.22 points at around 12:00 PM (GMT).

The index has gone up mainly because of stocks like BP (LON: BP), which have gained from the soaring oil prices. Another reason for the index going up may be Chancellor Rishi Sunak’s Spring Statement, which was presented by him on 23 March, aiming at tackling the ongoing cost-of-living crisis faced by the Britons.

Sunak has announced some measures to tackle the inflationary pressure

2022 Kalkine Media®

While some FTSE100 constituents are rising even during these tough times, other are drastically falling. As of 24 March, Fresnillo Plc and M&G plc were among the top FTSE100 risers, while the top fallers were International Consolidated Airlines Group S.A. and Ferguson plc.

Let’s look at the share price performance of the top FTSE100 risers first.

RELATED READ: Spring Statement and Measures for UK Households Explained

Fresnillo plc (LON: FRES)

Mexico-headquartered miner of metals Fresnillo plc is the largest producer of silver across the globe. It has recently announced a dividend of US$0.24 on 8 March. Fresnillo plc’s shares were trading at GBX 756.60, up by 4.22%, at 12:52 PM (GMT) on 24 March 2022. The market capitalisation of the firm stands at £5,349.85 million as of 24 March 2022. The performance of the company has deteriorated and its returns on both one-year basis and year-to-date basis are negative as of 24 March, standing at -18.63% and -15.40%, respectively.

RELATED READ: BATS, BP, Segro: Are these stocks good bets amid rising inflation?

M&G plc (LON: MNG)

London-headquartered investment managing firm M&G plc has operations across the globe. The company has announced a share buyback programme of £500 million today. M&G plc’s shares were trading at GBX 221.60, up by 2.50%, at 1:00 PM (GMT) on 24 March 2022. The market capitalisation of the firm stands at £5,621.00 million as of 24 March 2022. The performance of the company has been decent, and it has given a year-to-date return of 11.03% to its shareholders as of 24 March, while its one-year return stands at 9.46%.

Now, let’s look at the share price performance of the top FTSE100 fallers.

International Consolidated Airlines Group S.A. (LON: IAG)

London-headquartered airline holding company International Consolidated Airlines Group S.A., or IAG, has recently signed an agreement with Globalia, agreeing to give it a seven-year unsecured loan worth €100 million, which can be converted into equity stake of 20% in Air Europa. IAG’s shares were trading at GBX 134.66, down by 2.98%, at 1:12 PM (GMT) on 24 March 2022. The market capitalisation of the firm stands at £6,888.34 million as of 24 March 2022. The performance of the company has fallen and its returns on both one-year basis and year-to-date basis are negative as of 24 March, standing at -28.07% and -5.42%, respectively.

FTSE100 top risers and fallers 

   2022 Kalkine Media®

Ferguson plc (LON: FERG)

Wokingham-headquartered Ferguson plc is an Anglo-American distributor of heating and plumbing products. As per its recent half-year report, there has been a 15% increase in its interim dividend to US$0.84 per share. Ferguson plc’s shares were trading at GBX 10,860.00, down by 3.25%, at 1:21 PM (GMT) on 24 March 2022. The market capitalisation of the firm stands at £24,454.57 million as of 24 March 2022. The company has given a return of 25.80% to its shareholders on one-year basis as of 24 March, however, its performance has gone down in 2022 with its year-to-date return standing at -17.21.

Disclaimer

Speak your Mind

Featured Articles