Prudential shares jump 7.39% and outperform the market
Updated
Updated · MarketWatch · May 6
Prudential shares jump 7.39% and outperform the market
14 articles · Updated · MarketWatch · May 6
The stock closed at £11.84 on Wednesday as the FTSE 100 rose 2.15% to 10,438.66 and trading volume reached 8.4 million shares.
Prudential's gain outpaced the broader UK market in a strong session for equities, signalling notably stronger investor demand for the insurer than the benchmark index.
Even after the rally, the shares remained 4.36% below their 52-week high of £12.38 reached on 4 February, while volume topped the 50-day average of 7.0 million.
Prudential's stock is soaring on strong profits, but have investors already missed the biggest gains from its bold turnaround?
After shedding its Western arms, can Prudential's big bet on Asia and Africa truly pay off against rising local rivals?