Global shares trade slightly higher despite market-moving Nvidia resignation

Résumé détaillé

Global shares traded slightly higher on Thursday, helped in part by increased investor confidence in retail and industrial sectors and in spite of the market-moving decision by…

Global shares traded slightly higher on Thursday, helped in part by increased investor confidence in retail and industrial sectors and in spite of the market-moving decision by Jensen Huang to resign as chief executive of artificial intelligence-chip maker Nvidia following reports that he was in a relationship with an alleged Chinese spy.

Closer to home, Dublin closed the trading day in the red, with typical Iseq-heavyweights retreating from their recent and rapid rises in share prices.

The Iseq All-Share index decreased 0.16 per cent to close at 15,011.50 by end of trading hours. Ryanair shares dipped 0.77 per cent to €25.80, continuing its descent from a high-flying growth streak last week after its chief executive Michael O’Leary alluded to expansion plans in the new year.

Insulation specialists Kingspan, who forecast a rise in trading profits this year, saw its share price retreat 1.42 per cent to €97.30 a share, after it rose up to €99 earlier in the week.

Bank of Ireland, too, declined 0.51 per cent to close at €19.52 a share, while retail banking rival AIB ended the day in the green, up 0.39 per cent to €11.60 a share.

The London Stock Exchange closed largely in the green, although the city’s two most prominent share indices ended either side of the boundary. The blue-chip FTSE 100 rose 0.26 per cent to close, while its mid-market equivalent the FTSE 150 index dipped slightly, down 0.03 per cent.

With close to no change in the energy sector, household name brands were the biggest movers of the day, with supermarket giant Tesco up 0.25 per cent and Coca-Cola going one further, rising 1.25 per cent by close of markets.

The city’s financial sector saw mixed returns, with consumer banking rivals Lloyds and Barclays at either end of the spectrum, up 0.25 per cent and down 0.61 per cent, respectively.

Shares in shoe brand Doc Martens plummeted, down 14.67 per cent after the company shared a worse-than-expected financial performance for the first half of this year.

Début de l'article, extrait de The Irish Times. Pour lire la suite, ouvrez l'article chez le média.