In Week 7 of our competition the FTSE 100 closed down sharply, and was likely saved from an even more devastating drop by a rapidly falling pound. It started the week at 7616.38 and ended the week at 7,521.68 points.
Our competition leader kenco increased his lead however, now almost £3000 ahead of Spider in second and Sammy’s Granny in third. The top six remain the same except for Veronica Mackay replacing Comrie Colliery after mining interests seeing him plummet from third to 16th.
At the wrong end the bottom five remain the same but Ian G and Oddfellow swap 63rd and 64th place.
Movers of the week were mainly in the middle order - AllyN up 24 places, Donald Mackay up 19 and Maureen Aitken up 18. Sliders this week were led by Ross Grieve down 29 places from seventh to 36th, Lucky Limekilns down 23, Maureen W like Comrie Colliery down 13.
After the Easter break the market faced a grim forecast from the IMF following the World Bank, in downgrading its outlook for the global economy. There was also the renewed Russian offensive on the Donbas region that could further increase the pressure on the EU to look at a complete embargo on Russian oil and gas.
The biggest risers on the FTSE 100 - Smith & Nephew, Royal Mail, Ferguson and Smurfit Kappa all made their gains early in the week. Then in midweek Rio Tinto shares slid back after the Australian miner said that iron ore shipments declined 10% in the first quarter. The mining company also warned that rising inflation caused by the Russian invasion of Ukraine, and resurgence of Covid cases was likely to introduce downside risks to market expectations.
These concerns were not just confined to Rio. A drought in northern Chile affected production at Antofagasta’s copper mine Other mining companies Glencore and Anglo American followed with shares falling in price..
Irish builder CRH rose after news of a positive start to the year but B&M lost value when investors were disappointed by the announcement that boss Simon Arora will retire 12 months from now. The 52-year-old has been in the job since 2004, when he bought the company with his brother. It has since grown to become a FTSE 100 business and has 1,100 stores in the UK and France. The retailer’s shares dropped 5.9% on Friday, -3.9% on the week.
Performing Shares this week were:-
Smith & Nephew +8.1%
Royal Mail +7.4%
CRH plc +6.6%
Polymetal International +6.2%
Smurfit Kappa +5.7%
Ferguson plc +5.2%
Performing Shares this week were:-
Anglo American -17.0%
Rio Tinto -8.8%
Ocado Group -8.5%
Legal & General Gp -6.0%
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 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 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