The market is certainly in a volatile period with concerns for the war in Ukraine, fears over China/ Taiwan, interest rates, slow economic growth and fears over inflation, currently 6.2% due to pent up demand, supply issues, the second hand car market and rising oil prices. Generally banks and energy sectors have been doing best but this week there were others sectors to consider.
On Monday the FTSE 100 started on 7537.9, and finished on Friday 7669.6 as investors seemed convinced US interest rates would rise this year to tackle soaring inflation. This caused the US dollar index to hit a two-year high and consequently this sent the FTSE 100 up as a weaker pound make stocks more attractive to foreign investors spending in dollars.
Publication of the UK Government’s new energy security strategy was good for SSE shares hitting a new record high, while National Grid and United Utilities shares also moved higher.
Housebuilders were in the news all week as one by one they signed up to the government’s fire safety pledge set up after the Grenfell Tower tragedy. Persimmon, Barratt Developments, Berkeley Group and Taylor Wimpey saw their shares jump about significantly as they revealed extra costs that they expect to see.
Elsewhere, Shell’s shares suffered after it revealed an up to £3.8bn hit from the planned withdrawal from Russia and despite a fall in the price of Brent crude oil, hitting $101.27 per barrel, Shell still gained 2.3% on the week and BP 3.3%.
The week finished with concerns over another kind of oil - sunflower. A new UN report suggested food prices have risen at their fastest level in 60 years and look set to keep soaring due to the war in Ukraine restricting food supplies. The country is a major producer of sunflower oil, which is pushing up the price of alternatives globally, along with being a major source of wheat and corn.
AstraZeneca was recommended by analysts JP Morgan pointing to the “significant“ future upwards revision to estimates for profitability of the company’s oncology pipeline. Healthcare fellow GlaxoSmithKline gained on the back of news of ultra long acting HIV regimens.
performing shares this week were:-
Berkeley Group +6.6%
National Grid +5.4%
Ocado Group +5.4%
London Stock Exchange +5.2%
performing shares this week were:-
Smurfit Kappa Group -9.9%
Intermediate Capital Group -7.5%
Entain plc -6.3%
Mondi plc -6.1%
Lloyds Banking Group -5.9%
International Consolidated Airlines -5.7%
The impact on our competition was a gain of 18 places for Malcolm Hemingway and Lucky Limekilns. RoyLodge, Maureen W and Robert North did almost as well with jumps of 16 places. There were some more spectacular slides - Ally N slipping 27 places and James Grieve 22.
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. At the other end Lewis Grieve now holds up the table with Ian G £111 better off in second last.
All our competitors have made gains since the start, some considerably more than others. Not quite half way and we have to expect plenty of twists and turns yet to come.
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 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 Worst trading day since March 2020 impacts our competition
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