FTSE 100 Gains mainly led by Mining Sector
London’s FTSE 100 index surged 0.5 percent or 30 points to 5,962 in start of the session on Wednesday. The surge was mainly triggered by bullish sentiments from US and Asian stock markets. The index however closed 0.27 percent or 16.13 points up to 5,948.30 for the day.
Mining sector stocks were major performers at FTSE which included blue chip stocks like Vedanta Resources LON: VED which advanced 3.86 percent to 2,324.40 for the day with traded volume of 2.23 million shares.
BHP Billiton LON: BLT gained 1.74 percent to 2,456.41 with traded volume of 8.32 million shares for the day. Rio Tinto PLC also remained among top bulls of the day and gained 1.62 percent to 4,436.94 with traded volume of 5.59 million shares for the day.
Marks & Spencer LON: MKS turned out to be one of the biggest falls on FTSE 100 and reported the decline of 1.87 percent to 344.72 for the day. Its total traded volume stood at 12.68 million shares. NEXT plc plunged 2.28 percent to 2,017.98 for the day with traded volume of 1.54 million shares.
Traders at London Stock Exchange were uncertain over the consumer confidence index which has substantially declined for the month of January in UK and Ireland. Most analysts expect the consumer confidence will continue to decline in the current year 2011.
In Asian stock markets, Japan’s Nikkei 225 gained by 2.6 percent or 249 points 9,708.79 for the day which happens to its highest since tsunami of March 11th, 2011.
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