The FTSE 100 Index closed Monday with a notable gain, rising 0.89% to finish at 7,425.83, buoyed primarily by a significant leap in the share price of Phoenix Group Holdings PLC, which surged 5.67%. The uptick in the index was further supported by advances in several other major companies.
Rolls-Royce (OTC:RYCEY) Holdings PLC, Melrose Industries (LON:MRON) PLC, Smith & Nephew (LON:SN) PLC, and British American Tobacco (NYSE:BTI) PLC were among the prominent performers, with their shares climbing by 3.53%, 2.99%, 2.68%, and 2.64% respectively. This collective upward momentum contributed substantially to the day's positive market sentiment.
On the flip side, not all constituents of the index experienced the same fortune. Entain (LON:ENT) PLC stood out as the most pronounced decliner, with its stock value receding by 3.67%. Other firms such as Experian (OTC:EXPGF) PLC, Informa PLC, London Stock Exchange Group (LON:LSEG) PLC, and International Distribution Services PLC also faced downward pressure, witnessing stock depreciations of 1.57%, 1.38%, 1.24%, and 1.08% respectively.
In currency markets, the British pound showcased strength against major counterparts, appreciating by 0.33% against the dollar and 0.20% versus the euro. This movement in currency valuations occurred amidst broader market movements that also saw Brent crude oil prices increase by 1.5% to reach $82.68.
Additionally, there was a notable shift in government debt securities, with the yield on the UK's benchmark 10-year gilt experiencing a decline of nearly one basis point to settle at 4.322%.
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