News article

FTSE jumps during Tuesday trading

FTSE jumps during Tuesday trading
//
The FTSE 100 climbed 0.8 per cent during the morning session of stock market trading today (December 29th), taking it to a level not seen since before the collapse of Lehman Brothers.

According to Reuters, the benchmark index was up 40.44 points to 5,442.85 at 12:08 GMT, meaning it has now climbed in the past five trading sessions.

Mining firms led the rally, with Lonmin, Kazakhmys, Vedanta Resources, BHP Billiton and Xstrata adding between two per cent and three per cent.

Climbs were also seen in the real estate sector, however retailers - including Next, Home Retail Group and Marks & Spencer - were lower.

Some banks also fell in the morning session, with Barclays, HSBC and Standard Chartered retreating by as much as 0.9 per cent.

The FTSEurofirst was also stronger this morning, rising 0.3 per cent in early trading on the strength of commodity and oil stocks, according to the news agency.

Posted by Greg SeckerADNFCR-1681-ID-19532504-ADNFCR