Related Articles
The FTSE 100 index is having a choppy day of trading but is essentially trading lower as the initial losses gave way to gains and have gone back to losing territory.
Topping the gainers’ chart are HSBC, Barclays, and Fresnillo stocks this Tuesday. Standard Chartered, Glencore and Vodafone also made it into the top 10 gainers’ chart, as did BAE Systems and BT Group, two shares we commonly cover on this site.
Barclays continues to revel in its share buyback program, which has generated keen market interest. Vodafone continues to ride high from last week’s emergence of a new majority shareholder from the UAE. BAE Systems is enjoying new patronage from its new multi-billion defence contracts, and Glencore is seeking to make it seven winning days in eight as it seeks to resolve corruption probes in the US.
With the biggest gainer only up by 3.59%, it is no surprise that the FTSE 100 index is trading lower as the losing stocks have overwhelmed the gainers. ITV, Royal Mail and Scottish Mortgage Investment Trust are among today’s biggest losers on the FTSE 100. In addition, Scottish Mortgage appears to have fallen off the cliff after posting yet another losing day on Tuesday, falling 5.01%. Since hitting highs of 1568.6p on 5 November 2021, the stock has shed more than half its value after posting losses in more than 160 out of 200 days of trading since then.
