London Stock Exchange sharply higher

The market rallied Friday, and UK 100 (CBOE) closed at 831 points after an increase of 1.4 percent. The index has never gained more in one day since Aug 7, when it was up 1.8 percent. The week as a whole showed a gain of 2.5 percent.

1160 shares showed a gain and 559 showed a loss. 127 shares were unchanged and closed at the same price as the previous day. There was no trading in 205 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 602.0 billion.

AstraZeneca ended with a solid gain of 6.5 percent and closed at 10506 pence. The previous time the stock gained this much was Nov 4. 2020, when it closed up 6.9 percent. It also looks good technically. The stock is trend wise positive in the medium term, has marginally broken up through resistance at 10500 pence and a further increase is indicated.
RELX PLC closed at 3725 pence after a solid gain of 3.5 percent. The stock has never gained more in one day since Jul 27. 2023, when it was up 4.9 percent. The stock has thereby closed up 12 out of the past 16 days. The stock triggered a buy signal by the break up through the resistance at 3715 pence in rectangle formation. A further increase to 3925 pence within six months is indicated.
London Stock Exchange Group moved up and ended at 11105 pence, which is an increase of 1.6 percent. The stock thereby broke the previous record from Jun 6 and set a new all time high. The stock has now closed up for the fifth day in a row. It also looks good technically. The stock is trend wise positive in the medium term, has marginally broken up through resistance at 11100 pence and a further increase is indicated.
Experian PLC rose sharply to close at 3822 pence, up 4.7 percent. The previous time the stock gained this much was May 15, when it closed up 8.8 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has marginally broken up through resistance at 3800 pence and a further increase is indicated.
Haleon plc closed at 380 pence after a solid gain of 3.0 percent. The stock has never gained more in one day since Feb 29, when it was up 4.7 percent. The stock has thereby closed up six out of the past seven days. Technically it also looks good. The stock is trend wise positive in the medium term and a further increase is indicated.

Most traded Friday

Shell Plc68997.51
AstraZeneca29913.31
HSBC Holdings PLC21253.45
Barclays PLC19398.25
Unilever PLC18136.63
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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