FTSE 100 Holds Steady on Energy Companies Though Israeli Stocks, Airlines Slump -- Market Talk
09 Outubro 2023 - 10:12AM
Dow Jones News
Energean shares fall after Hamas's attack on Israel as the
company, which is developing a substantial gas field offshore
Israel, faces uncertainty, AJ Bell writes. While the FTSE 100 was
steady on Monday--supported by oil heavyweights BP and Shell--,
Energean shares are down 19%, languishing among London's worst
performers, alongside fellow Israeli-based companies BATM Advanced
Communications and MTI Wireless Edge, both down 8.5% and 11%,
respectively. Airlines also fell as the market priced in higher
fuel costs and, potentially, less willingness to travel to certain
locations, AJ Bell's investment director Russ Mould says, with
International Consolidated Airlines Group, Ryanair, Wizz Air and
easyJet all falling 5.3%, 3.0%, 5.1% and 5.5%, respectively.
(joseph.hoppe@wsj.com)
(END) Dow Jones Newswires
October 09, 2023 08:57 ET (12:57 GMT)
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