FTSE 250 hits record highs driven by key mid-cap stocks

The FTSE 250 mid-cap index has reached record highs, crossing the 24,000-point threshold. This growth has been driven significantly by a small group of high-performing stocks, including CMC Markets, Raspberry Pi, and Keller Group. CMC Markets has seen a 128% increase in share price, driven by a market re-rating as investors view it as a broader financial services group rather than just a trading platform. Raspberry Pi has gained 127% following a series of earnings upgrades, reporting a 25% increase in FY 2025 revenue.

In broader market movements, the FTSE 100 and FTSE 250 both saw weekly gains. Mining stocks provided support as commodity prices rose, with gold prices surging. On the AIM market, GCM Resources experienced a 240% surge due to renewed investor interest in its Phulbari coal project in Bangladesh. Other notable movers included Sabien Technology Group and Thor Energy.