City Confidential

25 April 2025

Although there was some profit-taking yesterday in the FTSE 100 Index during the day, a late rally ensured that the Index closed up for the ninth day running.  This is not a record as the Index rose for 12 days running in January 2017 but it is tempting to take profits in stocks that are looking toppy in the short term.  Shares in Rio Tinto (4613p) have risen for nine consecutive days, but barring the sharp fall in the shares due to the Trump tariffs, the shares are still at close to a two year low point.  Thus they may fall slightly in the very short-term but expect the rally to continue.  Other stocks which look vulnerable include Barratt Redrow (452.7p), B & M Retail (326.1p), Lloyds Banking Group (72.66p) and Rolls Royce (751.4p this morning).