London Stock Exchange rises on Thursday

The market moved up Thursday, and UK 100 (CBOE) ended at 834 points, which is an increase of 0.9 percent.

1218 shares showed a gain and 531 showed a loss. 138 shares were unchanged and closed at the same price as the previous day. There was no trading in 190 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 762.9 billion.

Diageo PLC developed positively, and gained 2.4 percent to a close of 2544 pence. The stock has not closed at a higher price since Jul 29. The stock triggered a buy signal by the break up through the resistance at 2530 pence in double bottom formation. A further increase to 2677 pence within two months is indicated.
Rio Tinto plc closed up 3.0 percent to 4902 pence. The stock has not closed at a higher price since Aug 13. The stock has thereby closed up six out of the past seven days. The stock triggered a buy signal by the break up through the resistance at 4787 pence in rectangle formation. A further increase to 5130 pence within two months is indicated.
International Consolidated Airlines Grou moved up and ended at 208 pence, which is an increase of 1.0 percent. The stock has not closed higher since Jun 2021. The stock has thereby closed up 12 out of the past 13 days. It also looks good technically. The stock is trend wise positive in the medium term, has support at 186 pence and a further increase is indicated.
SSE Plc fell sharply to close at 1934 pence, down 3.2 percent. The stock has never lost more in one day since Mar 12, when it was down 3.6 percent. It does, however, look good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
CRH developed positively, and gained 2.7 percent to a close of 6964 pence. The stock thereby broke the previous record from Mar 26 and set a new all time high. The stock has now risen for the tenth day in a row and this past week the stock has gained as much as 5.7 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has broken up through resistance at 6850 pence and a further increase is indicated.
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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