22 Dec 2014
FTSE gains 1%
FXStreet (Mumbai) - The London’s Ftse index advanced today supported by solid gains in the Metals and Mining stocks and the Oil and Gas stocks.
The Ftse index traded 1.06% higher at 6614.80, compared to the previous session’s close of 6545.27 levels. The index breadth is positive with an advance decline ratio of 92:8. The Ftse Industrial Metals and Mining index advanced 3.46%, followed by a 2.065 gain in the Oil and Gas index. Telecom and Bank stocks are up more than 1% each.
Among the index stocks, Royal Dutch Shell B. is up 2.65%, followed by Tullow Oil; up 2.49%. Other major gainers include Smith&Nephew, Kingfisher, and Standard Chartered. Meanwhile, the minus side includes shares in Randgold; down 2.54%, followed by a 0.6% fall in RSA insurance. Other stocks like Antofagasta, Petrofac, and Fresnillo have posted moderate losses.
Ftse Technical Levels
The index has an immediate resistance at 6641 (Nov. 20 low), above which gains could be extended to 6753 (Dec. 3 high). Meanwhile, the support is seen at 6588 and 6559 levels.
The Ftse index traded 1.06% higher at 6614.80, compared to the previous session’s close of 6545.27 levels. The index breadth is positive with an advance decline ratio of 92:8. The Ftse Industrial Metals and Mining index advanced 3.46%, followed by a 2.065 gain in the Oil and Gas index. Telecom and Bank stocks are up more than 1% each.
Among the index stocks, Royal Dutch Shell B. is up 2.65%, followed by Tullow Oil; up 2.49%. Other major gainers include Smith&Nephew, Kingfisher, and Standard Chartered. Meanwhile, the minus side includes shares in Randgold; down 2.54%, followed by a 0.6% fall in RSA insurance. Other stocks like Antofagasta, Petrofac, and Fresnillo have posted moderate losses.
Ftse Technical Levels
The index has an immediate resistance at 6641 (Nov. 20 low), above which gains could be extended to 6753 (Dec. 3 high). Meanwhile, the support is seen at 6588 and 6559 levels.