FTSE climbs as miners bounce
The leading share index in the UK was higher on Tuesday as data from China helped to boost the mining sector. By the end of the session, the FTSE 100 was up by 1.5 per cent, closing at almost the high point of the day at 5697.
Chris Bradshaw
shareprices.com - Wednesday, January 11, 2012
Market sentiment was given a major lift by news that the trade surplus from China was far better than anticipated. This led to increased demand for the mining sector, even sensitive to the mood in the world's largest importer. Also helping to improve matters was credit ratings agency Fitch who eased some of the worries over the eurozone by confirming that France will not be downgraded during 2012.
The leaderboard of the day's risers was dominated by miners and bankers, with just two of the top 10 performers for Tuesday coming from outside these sectors.
Top honours went to Kazakhmys, climbing by 5.92 per cent whilst its peers Fresnillo, Antofagasta, Vendanta Resources and Randgold Resources were all not far behind with rises of between 5.74 and 4.64 per cent.
Barclays was the highest riser from the bankers, increasing by 5.73 per cent, the third best performer of the day. Also in the top 10 was Royal Bank of Scotland and Lloyds Banking Group who added 5.28 and 4.28 per cent respectively.
Very few stocks were seen running into negative territory but GlaxoSmithKline continued to struggle, posting a loss of 1.05 per cent. The drugs manufacturer was the second worst stock of the day, with concerns still circling over the potential failure of its latest respiratory medication.
Latest News
- FTSE climbs as EU summit approaches
22 May 2012 - FTSE climbs as markets calm
22 May 2012 - FTSE falls further as ratings agency action worsens fears
20 May 2012
Related News
- FTSE slips lower; miners drop
15 Mar 2012 - FTSE bearish over economic fears
5 Mar 2012
FTSE 100 Latest
| Value | Change |
| 5,403.28 | 98.80  |
Create a Watch List 
Track your favourite stocks
Create & monitor portfolios
Daily portfolio value
News
- FTSE climbs as EU summit approaches
22 May 2012 - FTSE climbs as markets calm
22 May 2012 - FTSE falls further as ratings agency action worsens fears
20 May 2012 - FTSE plummets further as Greece dominates markets
17 May 2012 - Greek crisis continues to pressure markets
16 May 2012 - FTSE plunges further as Greece heads for the polls...again
15 May 2012 - FTSE nosedives over Greece concerns
15 May 2012 - Late surge for FTSE to finish in the blue
14 May 2012 - FTSE breaks losing streak; aid reached Greece
10 May 2012 - FTSE crashes further over Greek uncertainty
9 May 2012
