London stocks were rising in holiday-thinned trading on Friday, the last session before an extended Christmas break.
“The U.K. index is enjoying its fourth day of gains, trading at six-week highs and inching closer to the next major resistance hurdle at 7,400,” said Victoria Scholar, head of investment at interactive investor, in a note to clients. Gains for banks, pharmaceutical groups, miners and energy names were supporting the main index.
At the other end was online grocer and logistics group Ocado, “despite kicking off the year on a positive note after 2020’s outperformance for the stay-at-home basket,” she said . “The stock is down almost 40% since the peak in February as the reopening trade hit food delivery businesses.” Ocado OCDO, +1.53% shares rose 1.7% on Friday.
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