Stocks Mixed in London as Investors Weigh U.K Exit

FTSE Indexes were mixed on Monday as stocks trended mostly lower globally. The FTSE 100 was lower by -19.89 points or -0.32 percent to close at 6,136.43. The FTSE 250 was higher at 17,031.74 for a gain of 109.68 points or 0.65 percent.

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Source: FTSE 100 and FTSE 250. Google Finance.

Mixed trading for the day was mainly the result of a Treasury report from the government on analysis including risks of a a United Kingdom exit from the European Union. With the analysis, finance minister, George Osborne warned the people of his country about the risks involved in leaving the European Union, of most were production levels and job growth.

Stocks falling the most for the day included, Inmarsat, Anglo American and BHP Billiton. Stocks trading actively included small-cap and mid-cap stocks and banking stocks which are reported to be at the highest risk if a U.K. exit occurs. Overall, volatility in U.K. stocks is likely to be high in the weeks leading up to the vote at the June referendum.

For the day, Royal Mail traded significantly higher as the company was upgraded by analysts. Despite falling profits, analysts reported an improved outlook for the mail delivery provider which has lost ground in recent quarters.

Data from IFA magazine reported the following stocks leading gains and losses in the U.K. on Monday.

Gains

Royal Mail (RMG) 3.68 percent

ARM Holdings (ARM) 2.33 percent

3i Group (III) 2.08 percent

DCC (DCC) 1.62 percent

Royal Bank of Scotland Group (RBS) 1.34 percent

Travis Perkins (TPK) 1.29 percent

International Consolidated Airlines Group SA (CDI) (IAG) 1.26 percent

Berkeley Group Holdings (The) (BKG) 1.25 percent

easyJet (EZJ) 1.09 percent

Smith & Nephew (SN.) 1.04 percent

Losses

Inmarsat (ISAT) -3.77 percent

Anglo American (AAL) -3.05 percent

BHP Billiton (BLT) -2.15 percent

Tesco (TSCO) -1.95 percent

Rio Tinto (RIO) -1.59 percent

Glencore (GLEN) -1.52 percent

Old Mutual (OML) -1.30 percent

Aviva (AV.) -1.26 percent

Rolls-Royce Holdings (RR.) -1.24 percent

Royal Dutch Shell ‘B’ (RDSB) -1.24 percent

In other European markets on Monday, Germany’s DAX was down 9,842.29 for a loss of -73.73 points or -0.74 percent. France’s CAC 40 was lower at 4,325.10 for a loss of -28.80 points or -0.66 percent. The Stoxx Europe 600 was lower at 336.69 for a loss of -1.32 points or -0.39 percent. The Europe Dow was lower at 1,517.84 for a loss of -8.11 points or 0.53 percent.

In Asia, stock trading was mixed. Japan’s Nikkei was down -81.75 points or -0.49 percent to 16,654.60. Hong Kong’s Hang Seng Index was lower at 19,809.03 for a loss of -43.17 points or -0.22 percent. The Shanghai Composite in China was higher at 2,843.65 for a gain of 18.16 points or 0.64 percent. The S&P BSE Sensex was lower at 25,230.36 for a loss of -71.54 points or -0.28 percent and the NSE Nifty was lower at 7,731.05 for a loss of -18.65 points or -0.24 percent. The Asia Dow gained for the day with a closing value of 2,581.98, gaining 12.09 points or 0.47 percent.

In the U.S., stocks were trading mostly higher on Monday. At mid-afternoon in the U.S., the Dow Jones Industrial Average was up 31.26 points or 0.18 percent to 17,532.20. The S&P 500 Index was higher at 2,052.62 for a gain of 0.30 points or 0.01 percent. The Nasdaq Composite was also higher at 4,777.55 for a gain of 7.99 points or 0.17 percent.

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