Citywire for Financial Professionals
Stay connected:

View the article online at http://citywire.co.uk/money/article/a1123154

The Accumulator: FTSE's week of highs ends on a low

FTSE 100 falls behind a number of global markets after a week that featured two all-time highs ends with losses.

 
The Accumulator: FTSE's week of highs ends on a low
 

The FTSE 100 has fallen down the performance charts this week, despite racking up more all-time highs, as our exclusive Accumulator data table shows.

The UK blue-chip index set two new closing highs on Monday and Tuesday, but it's been downhill since.

A week which began with news that the US trade war with China had apparently been placed 'on hold' ended with geopolitical uncertainty again rearing its head, as US president Donald Trump cancelled his summit with North Korean leader Kim Jong-un.

With the FTSE 100 down 0.9% in the five days to yesterday, the index has now fallen behind a number of other global markets for 2018 returns, trailing the US, Japan, Hong Kong and Russia.

Returns from overseas markets have been inflated by the pound's weakness, while a dip in the oil market, following a breakneck rally, has also hurt the UK's commodities-heavy index.

The FTSE 100 has edged further into the red today, down nine points at 7,708, but the day's big movers were in the FTSE 250.

Centamin (CEY) slumped 17.9% to 130.9p as the gold miner made a dramatic cut to full-year production guidance.

Joining it at the bottom of the index was Dunelm (DNLM), 12.5% lower at 130.9p after the homeware retailer issued a profit warning.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

The Citywire Guide to Investment Trusts


In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.

Watch Now

More about this:

Look up the shares

  • Centamin PLC (CEY.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Dunelm Group PLC (DNLM.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

What others are saying

Archive

Today's articles

Tools from Citywire Money

From the Forums

+ Start a new discussion

Weekly email from The Lolly

Get simple, easy ways to make more from your money. Just enter your email address below

An error occured while subscribing your email. Please try again later.

Thank you for registering for your weekly newsletter from The Lolly.

Keep an eye out for us in your inbox, and please add noreply@emails.citywire.co.uk to your safe senders list so we don't get junked.

Read more...

The Expert View: CYBG-Virgin, Cineworld & Indivior

by Michelle McGagh on Jun 19, 2018 at 05:30

Sorry, this link is not
quite ready yet