UK equities opened the new week on a firm footing, with the FTSE 100 rising 71.50 points to 10,436.29, up 0.69%, signalling that the April risk-on rally remains intact despite selective weakness in mining counters.
The move keeps the benchmark comfortably above the 10,400 mark, reinforcing bullish momentum after last week’s strong finish. The strength was broad-based across large-cap names, with defensives, financials and consumer-facing counters helping absorb pressure from commodity-linked stocks.
One notable laggard in early trade was Endeavour Mining PLC, which appeared among the visible fallers and was down 2.42%, reflecting continued profit-booking in metals-linked names even as the broader index stayed resilient.
The more important macro takeaway is the quality of the index move. A 0.69% gain at 10,436 suggests that UK investors are still rotating into blue chips despite mixed global commodity signals. The ability of the FTSE 100 to hold gains above 10,400 may strengthen the technical case for another leg higher toward the 10,500–10,550 zone in the near term.
