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05 Oct, Wednesday
° C

Bull Trader USA

London Markets: FTSE 100 reaches post-COVID high after four-day break

U.K. blue-chip stocks on Wednesday caught up with their global counterparts after a four-day break, with the leading index rising to its highest level in 22 months.

The FTSE 100 UKX, +0.77% rose 0.8% in midday action, its best level since Feb. 2020, the month before the U.K. entered its first lockdown. Spirax-Sarco Engineering SPX, +4.20% was the best performing large-cap stock, rising 4%. Silver miner Fresnillo FRES, -2.08% slipped 2%.

Despite Wednesday’s gains, the index is up about 15% this year, underperforming rivals in Europe as well as the U.S.

The mid-cap FTSE 250 MCX, +1.16% added 1.2% on Wednesday, driven by retailer Frasers Group FRAS, +4.23% and fund manager Liontrust Asset Management LIO, +4.29%, which each rose 4%.

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