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LYG - 3 Heavyweight U.K. Stocks Still Trade Near Their March Lows
Lloyds Banking Group Plc American Depositary Shares
There has been a lot of discussion in recent months about the remarkable rally since the March market lows. But that rally tends to be heavily concentrated in some sectors. Also, it may have happened in the U.S., but other markets have not seen the same recovery.
In the U.K. market, the bellwether FTSE-100 index of leading stocks has recovered around 18% from its March lows, which, while creditable, does not move it back to the territory it was in at the start of the year before the pandemic hit.