Stock Markets March 13, 2026

London stocks slip as miners and industrials lead declines; United Kingdom 100 down 0.44%

Market breadth favours decliners while select retailers and tobacco stocks gain; commodities and FX show mixed moves

By Sofia Navarro TSCO
London stocks slip as miners and industrials lead declines; United Kingdom 100 down 0.44%
TSCO

U.K. equity markets closed lower Friday, with the United Kingdom 100 index falling 0.44%. Losses were concentrated in Automobiles & Parts, Mining and Industrial Engineering sectors, though individual winners included Tesco, Hikma Pharmaceuticals and Imperial Brands. Market breadth on the London exchange showed more falling stocks than advancing, while commodities and currency benchmarks moved unevenly.

Key Points

  • United Kingdom 100 closed down 0.44% on the session.
  • Sectoral weakness concentrated in Automobiles & Parts, Mining and Industrial Engineering, while Tesco, Hikma Pharmaceuticals and Imperial Brands were among the day's winners.
  • Market breadth on the London Stock Exchange showed 1,074 falling stocks versus 688 advancing; 537 were unchanged. Commodities and FX showed mixed moves, with gold down and oil higher.

U.K. equity markets ended the trading day lower on Friday as sectoral weakness in Automobiles & Parts, Mining and Industrial Engineering pushed the broader index down.

At the close in London, the United Kingdom 100 was down 0.44%.

Top movers

The session's strongest performers included Tesco PLC (LON:TSCO), which climbed 2.82% - a gain of 13.40 points - to finish at 488.90. Hikma Pharmaceuticals PLC (LON:HIK) added 2.56%, or 31.00 points, closing at 1,240.00, and Imperial Brands PLC (LON:IMB) rose 2.30%, or 72.00 points, to 3,199.00 by the market close.

Largest decliners

On the downside, Fresnillo PLC (LON:FRES) led losses, sliding 6.17% or 224.00 points to end the session at 3,406.00. Antofagasta PLC (LON:ANTO) fell 5.53%, a drop of 205.00 points, to 3,503.00, while Rolls-Royce Holdings PLC (LON:RR) declined 5.30% or 68.00 points to 1,215.50.

Market breadth and activity

Decliners outnumbered advancers on the London Stock Exchange by 1,074 to 688, with 537 issues unchanged at the close.


Commodities and energy

In commodities trading, Gold Futures for April delivery fell 1.43% - a decline of 73.34 - to $5,052.46 a troy ounce. Crude oil for April delivery rose 1.08% or 1.03 to $96.76 a barrel, while the May Brent contract gained 0.79% or 0.79 to trade at $101.25 a barrel.

Currencies and benchmarks

In FX markets, GBP/USD moved lower by 0.78% to 1.32. EUR/GBP was unchanged at 0.14%, trading at 0.86. The US Dollar Index Futures rose 0.62% to 100.37.


The trading session presented a mixed picture: a modest decline for the United Kingdom 100 alongside selective gains among consumer staples and pharmaceuticals, and more pronounced losses among miners and engineering names. Market breadth was decisively negative at the close, and commodity and currency moves were uneven across the board.

Risks

  • Concentrated losses in Mining and Industrial Engineering sectors could increase volatility for related equities and sector-focused portfolios.
  • Strong breadth of decliners suggests potential near-term pressure on the broader market if selling momentum persists.
  • Moves in commodities and exchange rates - notably the drop in gold and rise in oil - may influence sectoral performance, particularly for commodity producers and import-dependent firms.

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