The U.K. stock market witnessed a surge on Friday, with the FTSE 100 Index finishing strongly at 7,635.09, marking a notable increase of 1.40%.
Top Gainers
Leading the pack among the FTSE 100 constituents was Croda International PLC (CRDA) - a chemicals company that experienced a substantial rise of 5.29% in its share value. Diageo PLC (DGE) and Burberry Group PLC (BRBY) also had a good day, with their shares soaring by 5.13% and 4.93% respectively.
Vodafone Group PLC (VOD), a wireless telecommunications services company, and St. James's Place PLC (STJ), an investment advisory firm, secured their positions among the top five gainers as well. Vodafone Group PLC observed a healthy increase of 3.88%, while St. James's Place PLC saw a rise of 3.77%.
Major Losers
While most stocks exhibited positive growth, Centrica PLC (CNA) experienced the largest decline within the FTSE 100 constituents, with its shares dropping by 4.58% on Friday. SSE PLC (SSE) and J Sainsbury PLC (SBRY), both popularly known companies in their respective sectors, also witnessed a decrease in their share values by 2.36% and 1.92% respectively.
Tesco PLC (TSCO), a prominent food retail company, and Marks & Spencer Group PLC (MKS), a mixed retailing company, suffered losses as well, rounding out the top five largest decreases. Tesco PLC saw a decline of 1.77%, followed closely by Marks & Spencer Group PLC with a decrease of 1.73%.
Currency and Commodity Market Update
In the currency market, the pound strengthened slightly, with the GBP/USD exchange rate slightly up by 0.06% at $1.2716. However, against the euro, the pound experienced a dip, with the GBP/EUR exchange rate down by 0.09% at €1.1705.
Brent crude oil observed a decline of 1.0%, settling at $81.10 per barrel. Additionally, the yield on the 10-year gilt decreased by 2.340 basis points, closing at 3.968%.
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