Stock Markets January 26, 2026

London market edges up as miners and industrial metals lead gains

UK 100 finishes marginally higher with miners posting the biggest advances while select consumer and information services names slide

By Priya Menon III
London market edges up as miners and industrial metals lead gains
III

U.K. equities closed slightly higher on Monday, buoyed by gains in mining, industrial metals and electrical stocks. The broad market benchmark finished up 0.06% as a number of major miners and packaging names recorded double-digit point gains, while several large-cap consumer and data names declined.

Key Points

  • The U.K. 100 index closed up 0.06% as Mining, Industrial Metals & Mining and Electrical sectors led gains.
  • Fresnillo (LON:FRES) and Antofagasta (LON:ANTO) were the session's strongest performers, each rising to all-time highs.
  • Broader market breadth was positive, with 1,022 advancers versus 772 decliners; however, several large-cap names including Auto Trader (LON:AUTOA) and Experian (LON:EXPN) registered notable declines.

U.K. stocks closed modestly higher on Monday, with sector strength in Mining, Industrial Metals & Mining and Electrical companies supporting the advance.

At the London close, the United Kingdom 100 index rose 0.06%.

Top performers

  • Fresnillo PLC (LON:FRES) led gains, climbing 6.72% or 280.00 points to finish at 4,448.00.
  • Antofagasta PLC (LON:ANTO) added 5.33% or 191.00 points to close at 3,775.00.
  • Smurfit WestRock PLC (LON:SWR) was up 5.14% or 157.00 points to end the session at 3,211.00.

Lagging names

  • 3I Group PLC (LON:III) was the weakest large-cap performer, falling 5.14% or 169.00 points to 3,120.00.
  • Auto Trader Group Plc (LON:AUTOA) declined 3.41% or 19.40 points to close at 549.00.
  • Experian PLC (LON:EXPN) slipped 3.20% or 97.00 points to end at 2,932.00.

On the trading day, advancing issues outnumbered decliners on the London Stock Exchange by 1,022 to 772, while 505 stocks finished unchanged.

Notable price milestones were recorded in the session. Shares of Fresnillo (LON:FRES) rose to all-time highs, closing up 6.72% at 4,448.00. Antofagasta (LON:ANTO) also reached all-time highs, advancing 5.33% to 3,775.00. On the downside, Auto Trader Group (LON:AUTOA) moved to three-year lows after falling 3.41% to 549.00, and Experian (LON:EXPN) dropped to 52-week lows, declining 3.20% to 2,932.00.

Commodities and currencies

Metal and energy markets showed mixed moves. Gold futures for April delivery rose 2.17% or 108.76 to $5,125.76 a troy ounce.

In crude markets, the March delivery contract fell 0.41% or 0.25 to $60.82 a barrel, while the April Brent oil contract decreased 0.25% or 0.16 to trade at $64.91 a barrel.

On the foreign exchange front, GBP/USD moved higher by 0.37% to 1.37. EUR/GBP was effectively unchanged, moving 0.12% to 0.87. The US Dollar Index Futures declined 0.64%, settling at 96.78.

Market breadth, commodity prices and currency moves underpinned the modest overall advance in U.K. equities, with mining and industrial metals names producing the largest single-stock gains in the session.

Risks

  • Individual equity volatility: several major constituents moved sharply, with both double-digit point gains and multi-point losses recorded, indicating stock-specific risk in sectors such as mining and consumer information services.
  • Commodity price swings: notable moves in gold and crude oil introduce uncertainty for resource and energy-related companies, affecting producer margins and investor sentiment.
  • Currency fluctuations: gains in GBP/USD and a weaker US Dollar Index Futures could influence exporters and importers differently, adding FX-driven risks for companies with significant international exposure.

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