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5 Dec 2014
Ftse gains despite weakness in energy and mining shares
FXStreet (Mumbai) - The London’s Ftse index is on its way to post a modest weekly gain as the majority of the sector stocks trade in green except the Oil and Mining stocks.
The Ftse traded 0.71% higher at 6726.00 levels at the time of writing., compared to the previous session’s close of 9851.35 levels. The index breadth is positive today, with an advance-decline ratio of 88:13. The Ftse mining index is trading 0.58% lower, while the Oil Equipment, Services and Distribution index is trading weak by 0.94%.
Among index stocks, shares in Intertek are up 4.02%, followed by a 3.10% gain in Carnival share price. Vodafone group PLC, Meggitt, and IAG are up 2.1% to 2.5% each. Meanwhile, on the minus side are shares Randgold, down by 1.83%, followed by a 1.77% decline in Petrofac share price. Other major losers include Anglo American, Tullow Oil, and Fresnillo.
Ftse Technical Levels
The index has an immediate resistance at 6753 and 6773 levels. Meanwhile, a break below the support located at 6708 shall open doors for a re-test of 6670 levels.
The Ftse traded 0.71% higher at 6726.00 levels at the time of writing., compared to the previous session’s close of 9851.35 levels. The index breadth is positive today, with an advance-decline ratio of 88:13. The Ftse mining index is trading 0.58% lower, while the Oil Equipment, Services and Distribution index is trading weak by 0.94%.
Among index stocks, shares in Intertek are up 4.02%, followed by a 3.10% gain in Carnival share price. Vodafone group PLC, Meggitt, and IAG are up 2.1% to 2.5% each. Meanwhile, on the minus side are shares Randgold, down by 1.83%, followed by a 1.77% decline in Petrofac share price. Other major losers include Anglo American, Tullow Oil, and Fresnillo.
Ftse Technical Levels
The index has an immediate resistance at 6753 and 6773 levels. Meanwhile, a break below the support located at 6708 shall open doors for a re-test of 6670 levels.