Updated
Updated · MarketWatch · May 6Lloyds Banking Group shares rally 4.81%
3 articles · Updated · MarketWatch · May 6Summary
- The stock closed at 99.46 pence on Wednesday as the FTSE 100 gained 2.15% to 10,438.66 in a broadly positive UK market session.
- Lloyds outperformed the wider market, though it remained 13.21% below its 52-week high of £1.15 reached on 4 February.
- Trading volume was 149.8 million shares, below the 50-day average of 225.1 million, indicating the rise came on lighter-than-usual turnover.
Insights
Is Lloyds' stock rally ignoring billions in potential fines from its motor finance and HBOS scandals? Why is the UK's economic bellwether rallying despite warnings of soaring inflation and interest rate hikes?