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FTSE touches fresh 21-month high

FTSE touches fresh 21-month high
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The FTSE 100 has reached a new 21-month high during stock market trading today (March 23rd), exceeding the figure it touched at the end of last week.

In early trading it climbed to 5,695.94 points - higher than the 5,675.05 points recorded on Friday - before retreating slightly, Reuters reports.

By 14:49 GMT the index was on 5,680.58 points - 0.64 per cent higher for the day - with commodity firms and banks among the biggest risers.

A jump in the price of gold helped boost mining stocks, while Standard Chartered was one of the banks that gained in value.

However, it was Legal & General that led the FTSE, rising by nearly nine per cent to 411.7p after it posted a profit that was ahead of market forecasts.

"[Its] operating profit came in at £1.3 billion, which is higher than the market consensus of £1.1 billion and is a clear indication by the company that cost-cutting measures [are] gaining traction," remarked Joshua Raymond of City Index.

Posted by Greg SeckerADNFCR-1681-ID-19684527-ADNFCR