FTSE Inches Higher in Quiet Trade

The FTSE 100 ended the day up by 11 points, at 6,840, with drugs company AstraZeneca being one of the top performers of the day. The drugmaker enjoyed an upgrade from broker Liberum, which helped it to end the day up by more than two percent.

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Meanwhile, housebuilders collectively performed poorly, with both Persimmon and Barratt developments being down by more than one percent. In addition, on the currency markets, the pound was flat against the dollar, sitting at $1.2456, and was down by 0.4 percent against the Euro.

Trading was quiet following the American Thanksgiving holiday, and the fact that American markets had just a half-day of trading. Volumes were expected to be low, but the investors that did trade seemed to be in a positive mood overall.

Investors appeared to have bought into the ‘believe in better’ motto which is currently being used by Sky Plc. The stock was the leader of the blue chip market, up by 3.9 percent.

In other markets, the FTSE AIM 100 was up by 0.4 percent, and the FTSE AIM All-Share Index was up by 0.3 percent. Retailers reported that they had enjoyed a strong trading day, as shoppers in the UK were eager to take advantage of Black Friday deals both online and in stores. As was expected, 8AM was a busy period for people shopping online, as they spent their commutes browsing for deals. John Lewis predicts that the day could have been one of their busiest shopping periods ever.

 

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