The final countdown for Brexit is here, as we are approaching October 31. For the last few years Brexit has given us numerous market events, which resulted in outstanding trading opportunities for CFD traders. Today, the benchmark index for the overall British stock market – FTSE 100 – is at gunpoint as the UK secured a last-minute Brexit deal with the European Union on October 17.
The FTSE 100 market overview
Against all odds, the British Prime Minister Boris Johnson has managed to find a last-minute compromise Brexit deal with the EU on Tuesday. However, this is not the end, as he still faces a challenge to get it through the British Parliament.
Analysts believe that if a Brexit deal is finally reached, the British stock market index FTSE 100 will rally further. Brexit remains the dominant driver for British stock assets. Consequently traders are now headline watching, as the market twists and turns with the news.
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FTSE 100 Top Risers
Although the third quarter of the year was full of risky events, from Brexit complications, US-China trade war escalation and attacks on Saudi Arabian oil facilities, the FTSE 100 index finished fairly flat, with just 0.3 per cent. This is a rather good result, considering a turbulent environment.
This relatively stable performance of the FTSE 100 index was supported by a weaker pound and merger and acquisition activity.
So, what are the top 3 FTSE 100 gainers so far?
The London Stock Exchange Group (LSE)
The first in the list of the FTSE risers is the London Stock Exchange group (LSE) with a return of 33.2% over the last quarter. This result was mainly driven by the Hong Kong Stock Exchange offering to buy the LSE of £83.61 per share. This has helped to increase the LSE price from around £50 to &70 per share.
The second place goes to Aveva – a FTSE 100 newbie added to the index in March. Since the start of the year this multinational information technology company has produced a return of 68.4%.
Aveva spacialises in engineering and industrial software for oil refineries, power plants and offshore oil rigs, as well as other similar engineering facilities.
The third place in the list is given to Vodafone a British international telecommunications company that provides a broad spectrum of services, including voice, messaging, data, fixed broadband and TV.
Vodafone shares surged up 25% in the third quarter of the year, which is seen as a renaissance for Vodafone stocks after May’s 40% dividend cut sent VODI shares to a 10-year low. Trading at £1.61 at the moment of writing, the Vodafone’s market sentiment is rising due to the company’s plans to cut debts via possible IPOs of its masts businesses.
The FTSE remains an evergreen market for traders all over the world. Being a home index for some of the largest global companies, the FTSE 100 is one of the most sought after investment instruments for those looking to get a slice of the blue-chip stocks.
Stay tuned to the latest market news, which can drive the FTSE 100 price movement. Track the performance of the top FTSE risers live and trade CFDs on British stocks with Capital.com.