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The in the UK closed on Thursday with an increased value of 7,644.78, marking a rise of 0.32%. Major oil & company BP (NYSE:) PLC led the surge with a 3.04% increase in shares, contributing significantly to the overall uplift of the index.
Other companies that played a role in the FTSE 100’s rise included Hikma Pharmaceuticals (OTC:) PLC, Sage Group (LON:) PLC, Ferguson PLC, and CRH (NYSE:) PLC. These firms saw their shares rise between 1.87% and 1.97%, adding to the positive momentum of the market.
However, not all companies on the index experienced gains. Precious metals company Fresnillo (LON:) PLC saw a substantial drop in its shares by 3.19%. Other companies that faced declines included Barclays PLC, Ocado (LON:) Group PLC, Croda International PLC, and Antofagasta (LON:) PLC. Their shares fell between 2.26% and 3.12%, counteracting some of the overall market gains.
In currency markets, the pound weakened against both the dollar and the euro. In commodity markets, saw an increase, rising to $86.10. Additionally, there was an uptick in the yield on the 10-year gilt which increased to 4.422%, indicating a shift in investor sentiment towards riskier assets.
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