Stock Markets January 30, 2026

London Market Climbs as Banks and Healthcare Drive Gains; Miners Weaken

UK 100 index closes higher amid standout moves from Lloyds and Smith & Nephew; gold tumbles while oil edges up

By Derek Hwang SN
London Market Climbs as Banks and Healthcare Drive Gains; Miners Weaken
SN

U.K. equities ended the session higher, led by Healthcare Equipment & Services, Banking and Beverage sectors. The national large-cap gauge rose 0.60% as a number of financials and healthcare names posted notable advances while several mining stocks registered declines. Commodity and currency markets showed mixed moves, with a sharp drop in gold futures and modest gains in crude oil.

Key Points

  • Investing.com United Kingdom 100 closed up 0.60% as banking, healthcare and beverage sectors led gains.
  • Lloyds Banking Group, Smith & Nephew and Experian were among the largest advancers; Lloyds reached a five-year high.
  • Miners and resource-related names such as Airtel Africa, Fresnillo and Antofagasta were the main decliners; commodity and FX movements were mixed.

Market close overview

U.K. stocks finished the trading day in positive territory, with the benchmark Investing.com United Kingdom 100 rising 0.60% at the London close. Sector strength was concentrated in Healthcare Equipment & Services, Banking and Beverage, which underpinned the session's gains.


Top performers

  • Lloyds Banking Group PLC (LON:LLOY) led the index's winners, jumping 3.32% - a rise of 3.50 points - to close at 108.95. The stock hit a five-year high in the session.
  • Smith & Nephew PLC (LON:SN) advanced 2.35%, adding 28.50 points to finish at 1,242.00.
  • Experian PLC (LON:EXPN) rose 2.34%, up 63.00 points to close at 2,758.00.

Heaviest declines

  • Airtel Africa Plc (LON:AAF) was the session's weakest performer, sliding 6.61% - a fall of 22.60 points - to end at 319.20.
  • Fresnillo PLC (LON:FRES) fell 5.08%, losing 198.00 points to close at 3,702.00.
  • Antofagasta PLC (LON:ANTO) declined 3.65%, down 138.00 points to 3,648.00.

Market breadth and notable moves

On the London Stock Exchange, more stocks advanced than fell: 933 issues rose, 844 declined and 530 finished unchanged. Lloyds's move to a five-year high was a standout feature of the session.


Commodities and energy

Commodities traded unevenly. Gold Futures for April delivery registered a steep drop, down 7.22% or 386.85 to $4,967.95 a troy ounce. By contrast, crude oil pushed higher: March delivery crude rose 0.50% or 0.33 to $65.75 a barrel, while the April Brent contract increased 0.43% or 0.30 to trade at $69.89 a barrel.


Foreign exchange and dollar strength

In FX markets, GBP/USD moved lower by 0.65% to 1.37. EUR/GBP was reported as unchanged at 0.87, with a movement shown as 0.10%. The US Dollar Index Futures strengthened, up 0.64% at 96.75.


Outlook note

The session ended with a positive tone for the main U.K. index, supported by gains in banking and healthcare names, while some mining and resource stocks weighed on the market. Commodity price swings and currency moves were notable features that could continue to influence sector performance in the near term.

Risks

  • Significant declines in several mining and resource stocks - impacting the mining sector - could weigh on broader market sentiment.
  • Large moves in gold futures, including a 7.22% drop, introduce volatility for commodity-exposed sectors and investors.
  • Currency swings, including a 0.65% decline in GBP/USD and a stronger US Dollar Index Futures, may affect exporters and importers and influence sector returns.

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