FTSE 100 Rallies Led By Energy Stocks

RTTNews | 916 days ago
Stocktwits
FTSE 100 Rallies Led By Energy Stocks

(RTTNews) - U.K. stocks were sharply higher on their first trading session of 2023. Markets await a reading on manufacturing for December, which is expected to have held steady year-on-year.

The benchmark FTSE 100 rallied 150 points, or 2 percent, to 7,600 as trading resumed after a long holiday weekend.

Oil and gas firm BP Plc jumped 4.4 percent and Shell rallied 4.1 percent as oil prices edged higher despite growth concerns.

Hikma Pharmaceuticals surged nearly 4 percent. The pharmaceutical company has launched an authorized generic version of Jazz Pharmaceuticals' Xyrem (sodium oxybate) oral solution CIII.

Wizz Air Holdings climbed 1.2 percent. The low-cost airline reported that, in December, it carried 4,180,310 passengers, a 58.4 percent increase from a year ago.

Essentra, a provider of plastic and fiber products, added 1.6 percent after confirming that Scott Fawcett has assumed the role of Chief Executive and Executive Director, with effect from January 1.

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