There was turmoil on the markets on Friday as the FTSE 100 suffered its worst one-day fall - 266 points - since late March 2020 in the early days of the Covid pandemic, as investors reacted to news of a new Covid strain. Having started the week on 7223.57 the FTSE 100 index ended the week on 7044.03.
The market had risen day on day for the fourth consecutive days as hospitality and retail firms proved popular. Then came Black Friday. As a consequence only 16 of the FTSE 100 gained this week.
Investors around the world showed nervousness as the UK imposed new travel restrictions on those coming from half a dozen countries in southern Africa where a new strain of the Covid virus has been identified.
The price of oil was already in a slump on the back of speculation that the US and China might co-ordinate efforts to release further oil supply. That was before Friday’s reaction when the cost of Brent crude oil plummeted by 11% to 73.18 dollars per barrel.
Upbeat notes for a number of hospitality and leisure firms including Whitbread and InterContinental Hotels Group were quickly forgotten. Airlines and other travel companies were among the worst hit on the day, with online supermarket Ocado being one of the only FTSE 100 companies to gain. Like other online retailers, Ocado stands to gain heavily if there is another lockdown.
International Consolidated Airlines lost 11.5% this week on top of 9.6% the previous week.
Earlier in the week a rise in iron ore prices helped to support the miners, with Rio Tinto and BHP both higher. Intertek helped the FTSE after its shares were boosted by a 5.6% rise in group revenues to date.
The impact on our FTSE 100 competition was significant. Everybody lost money this week, some significantly more than others. Rolls Royce’s slide was bad news since that was the most popular choice in our contest. Best performer The Gardener lost just £305 and that resulted in a best of the week climb of 21 places.
Slipping the most places was Stuart Farquharson down 42 places and Kelly’s Zeros down 39.
There is a new leader at the top of the leaderboard as The Piper hits number one with just two trading days left. Douglas S has slipped to second and needs oil prices to recover. Eight of the top ten stuck in there but Ginger Biscuit and Jane Mitchell have displaced Martin King and Sammy the Tammy who lost the most on the week -£4843. With the volatility in the market the ultimate winner could come from anyone in the top twenty.
At the wrong end Jim Aitken has challengers for bottom slot with Maureen Walters and Sandy Paton now within hitting distance. MacScot2 continued his escape from the bottom pack with a 12 place leap.
Best performing shares of the week
B&M European up 4.1%
BHP Group plc up 4.1%
Intertek Group up 3.9%
United Utilities up 3.7%
Severn Trent up 3.2%
Unilever up 2.7%
Poorest performing shares of the week
International Consolidated Airlines down 11.5%
Flutter Entertainment down 10.8%
Rolls Royce Holdings down 10.6%
Prudential down 10.2%
Entain plc down 10.1%
ITV plc down 10.0%
Our competition ends at close of play this Tuesday and we will try and get the final results to you as soon as we can.
more Winner puts in a strong finish to pip our long time leader
more Little change as contest goes into its final week
more The FTSE 100 started the week at 7387.94, touched as low as 7,158 points on Thursday, its lowest since March but gained 184.81 points on Friday to close at 7,418.15.
more Poor week for the index, entrants closing in on our leader
more No significant changes in this week's competition
more Our competition leader kenco increased his lead however, now almost £3000 ahead of Spider in second and Sammy’s Granny in third.
more In our FTSE 100 competition kenco still leads the way though his lead has lessened again. Spider goes second with a Comrie Colliery dropping to third.
more Our leader is still kenco but his advantage has been cut by Comrie Colliery on second. Spider is down one in third, Ross Grieve jumps from 17th to fourth and Fiona Spriddle is up four to fifth.
more All our entrants have improved on their initial £50000 investment. The new leader is kenco with a massive £15,126 gain after one month.
more The index gains 78 points on the week and all our entrants are in profit
more The movers and shakers in week 2 of our competition
more First week of our latest FTSE 100 competition. 73 of the 100 gained in value
more Please do you best to encourage entries the leader after twelve weeks wins £100 voucher. We are paying out in vouchers since we do not want the winner under pressure to donate back the prize.
more At the conclusion of our FTSE 100 competition The Piper is our winner
more The FTSE 100 opened the week on 7347.91 and closed on Friday at 7223.57.
more Our competition has a new leader - John Beswarick who moves from fifth to pole position
more Oil price volatility and increased confidence in travel affects share prices
more Leader and top ten entrants remain the same
more A flat week on the market but some competitors make significant moves
more 30 of our 76 entrants are up on their 1st September starting values.
more Leader remains the same
more Our leader increases his lead
more Massive swings for the fortunes of entrants
more Update on how entrants portfolios are doing.
more News of where entrants started and how they fared in the first period of trading
more A new competition to test your ability to predict stock market movements
more Some dramatic moves, some dramatic losses but we have a winner gaining £8955 in 13 weeks
more With one week remaining Ginger Biscuit hits the front but we are poised for a close finish
more Our competition is still led by Gavin Riddell with a £7941 gain but the top eight are separated by less that £1000.
more Sterling plunges but lifts FTSE to new high
more In our competition those holding International Consolidated Airlines benefited the most in terms of leaders and movers. Gavin Riddell has regained the lead,
more It was the third week where the FTSE 100 moved only marginally, it gained 0.5% on the week 84 of our 115 entrants are currently showing gains on their notional £50,000 start.
more Leader loses ground as Ginger Biscuit makes considerable gains
more We have a new leader as the FTSE is up on the week
more Michael Riddell retains his lead
more We have a new leader with Michael Riddell (+£5132) taking over at the top from Ogg of Echt.
more FTSE 100 rise to close at 6624, creating major swings in our competition table
more Optimism over the future direction of the UK economy helped push the FTSE higher to close 86 points up at 6,589.79 on Friday.
more See who made gains, who made losses and which shares did best
more Who knows what will happen to the stock market next? You can be seen to be the investment guru in this fun competition. Entries close Friday 29th January 2021
more Our winner turns £50,000 into £68,645
more Volatile week on stock market yields a new leader in our contest
more There is enough volatility about to mean that the last eight trading days of our contest will be extremely interesting.
more Travel-related stocks continued to suffer, International Consolidated Airlines losing 11.5% on the week closely followed by easyJet who were down 9.9%.
more Fragility of the economy means the slightest bit of bad news could be enough to cause further volatility in markets.
more Leader’s advantage narrows in a market that was described as directionless.
more Only 26 of the FTSE 100 shares made gains this week but 43 of our entrants made positive gains.
more Leaders lose ground as others make remarkable catch ups
more 61 of our 152 entrants are now showing gains on their initial £50,000 investment
more Leaders and trailers stay the same as index dips to ten week low
more Leaders same in Week Four as the index fell 2.6% for the week to close at 6123.82
more Week Three sees a new leader though the entrants at top and bottom remain mainly the same
more Week 2 of the FTSE 100 competition has seen some spectacular movements within the leaders’ table both upwards and downwards
more Only 13 companies are currently showing gains in values, our leader has made a £6895 gain on the £50,000 investment.
more Who knows what will happen to the stock market next? You can be seen to be the investment guru in this fun competition. Entries close Friday 26th June 2020