First time in over a year! The UK FTSE 100 Index reached a record high, and energy stocks led the way

Zhitong Finance learned that the UK FTSE 100 Index closed at a record high for the first time since February 2023. Recent stock market fluctuations and geopolitical risks have prompted investors to pour into defensive sectors characterized by the UK's benchmark stock index — including energy stocks. The UK FTSE 100 Index closed up 1.6% to 8023.87 points on Monday, breaking through the closing peak of 8014.31 points set in February 2023. It is still below the intraday high of 8047.06; the index has risen about 4% so far this year, with Shell (SHEL.US) and British Petroleum (BP.US) alone contributing nearly half of the increase. Sc

Zhitong Finance20:30 ET

The FTSE 100 Index closed at a record high for the first time since February 2023

The UK FTSE 100 Index closed at a record high for the first time in more than a year. The index has been boosted in recent months by broader optimism about energy-related stocks and the easing of geopolitical concerns. The FTSE 100 Index closed up 1.6% to 8023.87 points, breaking through the closing peak of 8014.31 points set in February 2023. It is still below the intraday high of 8047.06. According to data compiled by the agency, the FTSE 100 index has risen about 4% so far this year, with Shell and BP Plc alone contributing nearly half of the increase. AstraZeneca, HSBC Holdings, and engine manufacturer Rolls Royce also promoted

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