Equities in London advanced for a second session on Friday, with the benchmark FTSE 100 rising above the 7,350 level, helped by heavyweight materials shares. The index finished the week on a high note, adding more than 1% after a few roller-coaster sessions that saw the announcement of the country's new Prime Minister Liz Truss regarding the ongoing energy crisis and a historic 75 bps hike from the ECB. Meanwhile, Queen Elizabeth, Britain's longest-reigning monarch, died at her home in Scotland on Thursday. Big miners Anglo American and Antofagasta were among the top gainers, up roughly 5% each.
Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 7903.50 in May of 2018. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on September of 2022.
The United Kingdom Stock Market Index (GB100) is expected to trade at 7081.69 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6515.21 in 12 months time.