BAE Systems Share Price Falls 2.5% From 52-Week High as FTSE 100 Selloff Hits Defence Stocks
BAE Systems shares, traded in London, lost 2.5% to close at 2,250 pence on Friday—outpacing the FTSE 100’s 1.4% slide as aerospace and defence stocks took a bigger hit in the selloff. The stock now sits roughly 4.7% under the 52-week peak of about 2,360p set just earlier this week. BAE stands out lately, with investors piling into defense plays as the Middle East conflict worsened. On March 2, its shares soared 6%—oil prices spiked and bets mounted on bigger weapons orders. But by Friday, the same turmoil was rattling markets on a broader front, fanning anxiety about inflation, oil, and rates.