National Grid Among Only Three FTSE 100 Gainers as Index Drops 0.7%
NGG•FTSE 100 slid 76 points to 10,453 with miners and banks leading a 0.7% drop while energy peers fell on oil under $74 per barrel. National Grid was one of only three top-20 stocks to finish in positive territory despite broader sector weakness.
1. Broader Market Decline
The FTSE 100 fell 76 points to 10,453, a 0.7% drop, while the mid-cap FTSE 250 lost 0.6%, Germany’s DAX slipped 1% and France’s CAC fell 0.5%. Tech shares were pressured after Apple raised MacBook and iPad prices to offset soaring memory costs, and Softbank plunged 14% in Tokyo.
2. Sector Movers in the Footsie
Miners led losses as Antofagasta, Anglo American, Glencore and Fresnillo each retreated more than 2%, and banks such as Standard Chartered, HSBC and Lion Finance recorded declines. Energy names also weakened on Brent crude trading under $74 per barrel, deepening commodity-linked pressure.
3. National Grid Outperforms Peers
National Grid bucked the sector trend by closing higher as one of only three top-20 FTSE 100 stocks to gain on the day. Defensive demand for utility services and a stable UK distribution outlook underpinned its resilience despite headwinds facing broader energy peers.
