Stock Markets February 18, 2026

London Stocks Close Higher as Mining and Defense Names Lead Gains

United Kingdom 100 index rises to record high; miners post double-digit and mid-single-digit advances

By Jordan Park AAL UTG
London Stocks Close Higher as Mining and Defense Names Lead Gains
AAL UTG

U.K. equities ended Wednesday's session with gains, driven by strength in the Mining, Industrial Metals & Mining and Aerospace & Defense sectors. The Investing.com United Kingdom 100 rose 1.26% to a new record. Miners Antofagasta, Fresnillo and Anglo American were among the top performers, while Unite Group, BT Group and National Grid finished lower. Commodities and currency markets also moved, with gold and oil higher and the US Dollar Index Futures up.

Key Points

  • The Investing.com United Kingdom 100 rose 1.26% to a new all-time high at the close.
  • Mining and related sectors led gains, with Antofagasta up 10.59%, Fresnillo up 4.77% and Anglo American up 4.63%.
  • Some large-cap names fell, including Unite Group (down 2.86%), BT Group (down 2.45%) and National Grid (down 2.03%).

London's stock market closed higher on Wednesday, with the Investing.com United Kingdom 100 advancing 1.26% to reach a fresh all-time high. Sector leadership came from Mining, Industrial Metals & Mining and Aerospace & Defense, which together pushed the broader index into positive territory at the close.

The session's strongest performers included Antofagasta PLC (LON:ANTO), which surged 10.59% - a rise of 383.00 points - to finish at 4,000.00. Fresnillo PLC (LON:FRES) climbed 4.77% or 178.00 points to close at 3,912.00, and Anglo American PLC (LON:AAL) added 4.63% or 162.00 points to end the day at 3,661.00.

On the downside, Unite Group PLC (LON:UTG) led losses after slipping 2.86% or 17.00 points to 578.00 at the close. BT Group PLC (LON:BT) declined 2.45% or 5.10 points to finish at 203.30, and National Grid PLC (LON:NG) was down 2.03% or 28.00 points to 1,348.50.

Market breadth favored risers: on the London Stock Exchange, 1,158 stocks closed higher against 632 that fell, while 519 shares finished unchanged.

Antofagasta's share price reached an all-time high during the session, reflecting the stock's 10.59% advance to 4,000.00.


Commodities moved notably alongside equities. Gold futures for April delivery gained 2.31%, up 113.34 to trade at $5,019.24 per troy ounce. In energy markets, April delivery crude oil rose 3.77% or $2.35 to $64.61 a barrel, while the April Brent contract increased 3.56% or $2.40 to $69.82 a barrel.

In foreign exchange trading, GBP/USD was effectively unchanged, moving 0.18% to 1.35, and EUR/GBP was also essentially flat, changing 0.11% to 0.87. The US Dollar Index Futures finished the session up 0.37% at 97.42.


This session's moves underscore sector concentration in the day's rally and a mixed picture across utilities, telecoms and real estate-related names. The data points above reflect closing prices and intraday moves reported at the London close.

Key metrics and price moves cited reflect official close-of-day values for the Investing.com United Kingdom 100, individual equities identified by their LON tickers, major commodity futures and select currency pairs.

Risks

  • Sector concentration - the rally was driven by Mining and Industrial Metals & Mining, leaving other sectors less supportive of the broader market advance.
  • Selective weakness among utilities, telecoms and real-estate-related stocks could offset gains elsewhere and contribute to uneven market performance.
  • Commodity price swings - moves in gold and oil during the session highlight volatility in commodity markets that can feed back into equities, especially resource-related firms.

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