In London trading on the 12th, the FTSE 100 extended its gains, closing at 10,656.28, approximately 104 points above the previous weekend’s close. Buying in banking stocks supported the index, while buying also spread to energy and consumer-related stocks.
In London trading on the 12th, the FTSE 100 extended its gains, closing at 10,656.28, up 104.23 points from the previous weekend’s close. Buying in banking stocks supported the index’s rise, while buying also spread to oil- and consumer-related issues.
European crude oil futures were at times lower than the previous weekend’s level in morning trading, but subsequently moved gradually higher, raising concerns that higher energy prices could cap share prices.
By issue, capital goods and pharmaceutical stocks, including Rolls-Royce Holdings, attracted buying, while utilities-related and real estate-related stocks also rose. Some telecommunications stocks fell, and Informa and WPP also declined.