London - The volatility that has shaken markets in recent days is set to continue as Britain’s shares wiped off earlier gains.
Royal Dutch Shell lost 1.9% as European energy producers fell the most among industry groups. Glencore dropped another 4.8%, extending a record low.
The FTSE 100 Index fell 0.4% at 10:23 after earlier gaining as much as 0.9%. The broader FTSE All-Share Index also dropped 0.4%, while Ireland’s ISEQ Index was little changed. A volatility gauge for UK stocks is near its highest level since 2011.
Ashtead Group advanced 4.9% after reporting an increase in quarterly profit. ARM Holdings rose 1.8% as JPMorgan Chase raised its rating on the stock. Hikma Pharmaceuticals added 4.5% as Barclays said the company’s acquisition of Roxane has transformed its US exposure and long-term visibility.
Asos dropped 2.7% after the UK’s largest online-only fashion retailer said chief executive officer an Co- Founder Nick Robertson will step down.
Rand - Dollar
19.12
+0.4%
Rand - Pound
23.79
-0.4%
Rand - Euro
20.45
-0.0%
Rand - Aus dollar
12.40
-0.1%
Rand - Yen
0.12
+0.4%
Platinum
921.40
-1.0%
Palladium
1,026.50
+1.1%
Gold
2,325.17
-0.1%
Silver
27.26
+0.3%
Brent Crude
87.00
-0.3%
Top 40
68,051
+0.8%
All Share
74,011
+0.6%
Resource 10
59,613
-2.2%
Industrial 25
102,806
+1.7%
Financial 15
15,897
+1.8%
All JSE data delayed by at least 15 minutes