9TH APRIL 2021
Weekly Round Up
This week has seen positive movements in the UK markets with the FTSE100 and FTSE250 advancing 2.76% and 3.13% respectively. The FTSE 250 jumped past the 22,000 mark on Wednesday for the first time in history as UK post-virus optimism abounded, while the blue-chip index gained for a second day.
Both indices continued to see gains through Thursday with minimal change on Friday, as the FTSE100 had a slight 18-point fall. The FTSE100’s climb to 6,940 sees the index advancing to a three-month high as the UK enters its next level of restrictions easing with industries preparing to reignite and bolster economic performance.
US markets advanced this week with the S&P closing on Thursday at another record high and tech stocks regaining lost ground from their recent sell-off – closing at 4097.17, the 19th record close this calendar year. Investors pushed the prices after new data on jobless claims was more positive than expected.
AVEVA Group Plc is the biggest gainer this week in the FTSE100. The rise of 7.2% is in tune with the general positive momentum technology stocks have seen this week.
In a positive week for the FTSE100, the index sees only nine companies in negative territory, with BT Plc being the biggest faller, down 2.38%.