Stock Markets January 29, 2026 12:05 PM

London Stocks Close Slightly Higher as Financials, Energy and Mining Lead Gains

UK 100 edges up 0.12% as select miners and oil majors outperform while construction and precious metals names lag

By Ajmal Hussain
Share
Twitter Reddit Facebook LinkedIn
III SHEL AHT

U.K. equities finished modestly higher on Thursday, with the Investing.com United Kingdom 100 rising 0.12%. Strength in Financial Services, Oil & Gas Producers and Industrial Metals & Mining underpinned the advance, while several construction and precious-metals linked firms weighed on breadth. Commodities saw mixed moves, with crude oil rising and gold slipping.

London Stocks Close Slightly Higher as Financials, Energy and Mining Lead Gains
III SHEL AHT
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • Investing.com United Kingdom 100 closed up 0.12% as gains in Financial Services, Oil & Gas Producers and Industrial Metals & Mining supported the market.
  • Top performers included 3I Group PLC (III), Shell PLC (SHEL) and Antofagasta PLC (ANTO); Antofagasta reached an all-time high.
  • Weakness was concentrated in Ashtead Group PLC (AHT), Fresnillo PLC (FRES) and Sage Group PLC (SGE); market breadth saw decliners outnumber advancers 991 to 825.

London's market closed with a modest uptick on Thursday, driven by gains in Financial Services, Oil & Gas Producers and Industrial Metals & Mining stocks.

At the market close in London the Investing.com United Kingdom 100 index was up 0.12%.

The top performer on the index was 3I Group PLC (LON:III), which climbed 8.77% - a rise of 276.00 points - to finish at 3,423.00. Shell PLC (LON:SHEL) added 2.38% or 65.00 points, closing at 2,797.50. Miners also featured among the leaders, with Antofagasta PLC (LON:ANTO) gaining 2.10% or 78.00 points to end the day at 3,786.00.

On the downside, Ashtead Group PLC (LON:AHT) was the weakest large-cap, sliding 5.38% or 275.10 points to close at 4,836.90. Precious-metals miner Fresnillo PLC (LON:FRES) declined 5.25% or 216.00 points to finish at 3,900.00, while Sage Group PLC (LON:SGE) fell 4.06% or 40.40 points to 955.00.

Market breadth was negative at the end of trading: decliners outnumbered advancers on the London Stock Exchange by 991 to 825, and 499 stocks finished unchanged.

Antofagasta PLC (LON:ANTO) reached an all-time high during the session, closing 2.10% higher at 3,786.00.

Commodity markets showed divergent moves: Gold futures for April delivery were down 0.25% or 13.21, trading at 5,326.99 per troy ounce. In contrast, crude oil prices strengthened - the March WTI contract rose 2.99% or 1.89 to $65.10 a barrel, while the April Brent contract increased 2.70% or 1.82 to $69.19 a barrel.

In currency trading, GBP/USD was essentially flat, changing by 0.01% to 1.38, and EUR/GBP was also unchanged at 0.87. The US Dollar Index Futures declined 0.16% to 96.12.


Market takeaway - The session was characterized by selective strength among resource and energy names, offset by notable weakness in construction-equipment and precious-metals linked stocks. Overall index movement was modest despite the clear winners and losers within sectors.

Risks

  • Market breadth was negative with more decliners than advancers, indicating uneven participation across sectors - this impacts Financials, Mining and Industrials.
  • Declines in major names such as Ashtead and Fresnillo introduce downside risk for construction-related and precious-metals sectors.
  • Volatility in commodity prices - while oil rose sharply, gold fell - posing uncertainty for energy and metals-linked companies.

More from Stock Markets

Marvell Rises After S&P 500 Inclusion; Flex Also Set to Join Benchmark Jun 5, 2026 Marvell to Join S&P 500 After Clearing Profitability Hurdle Amid AI-Fueled Rally Jun 5, 2026 Mexican equities slide; S&P/BMV IPC posts 1.86% drop to one-month low Jun 5, 2026 Colombian equities slide as COLCAP falls 1.58% at Friday close Jun 5, 2026 Moscow shares slip as mining, oil and power names weigh on MOEX Jun 5, 2026