28.01.202608:35:09UTC+00FTSE 100 Edges Up on Wednesday

On Wednesday, the FTSE 100 experienced a modest uptick, building on a 0.6% increase from the previous session. This positive momentum was largely driven by the mining and energy sectors. Precious metals miners were at the forefront of the gains, with gold and silver reaching new record levels. Endeavour saw an approximate 4% rise, and Fresnillo increased by about 2%. Broader mining companies also performed well, with Anglo American climbing nearly 3%, Antofagasta increasing by about 1.5%, and both Glencore and Rio Tinto each advancing approximately 0.5%. Energy stocks were also a supportive factor for the index, bolstered by firm oil prices, with Shell and BP both appreciating by over 1%. However, not all was positive; the healthcare sector saw declines, as AstraZeneca decreased by roughly 1.1%, and GlaxoSmithKline fell by 1.6%. In other developments, Burberry's shares dropped more than 1% following underwhelming results from luxury sector competitor LVMH.