FTSE 100 Live: Index Holds Above 10,440 as Energy Stocks Gain While Miners and Defensives Lag
Oil majors gained ground as Brent crude climbed above $110 per barrel. This boosted sentiment across the energy sector.
BP advanced nearly 1% to £598 while Shell gained close to 1% to trade at £3,576. The rally in oil continues to strengthen earnings outlooks for upstream producers. Supply concerns linked to Middle East tensions still impact the market.
Among others Scottish Mortgage Investment Trust rose 3.08% to £1,307 while Games Workshop climbed 2.35% to £18,065 and Smiths Group added 1.82% to £2,411.
Also Tobacco major Imperial Brands advanced 1.61% to £3,126.50, and Pearson gained 1.54% to £1,024.50.