Star’s front row seat for sporting history
- Local newspaper week
FTSE 100 closes higher
Monday 5th January 2009, 4:58PM GMT.
The FTSE 100 closed flat as gains made by mining and utilities stocks were offset by the financial sector.
The UK’s benchmark index ended the day at 4,579.64, a gain of just over 17 points from Friday’s finish, extending last week’s rally.
International Power shares rose 7.37 per cent, while Serco Group was up by 6.2 per cent and Xstrata jumped 5.82 per cent.
However, Rangold Resources was among the biggest fallers, down 9.17 per cent, while Old Mutual fell 8.96 per cent and HBOS dropped 7.45 per cent.
David Jones, chief market strategist for IG Index, said: “Afternoon trading has found some momentum on the back of Wall Street paring earlier losses, and the FTSE 100 has been clawing its way towards 4600.
“The rally over the last week or so has been an impressive one and traders are now waiting to see if this can be sustained and set up a more positive start to 2009.”
Mr Jones said the stocks to watch this week will be the retailers, as sales figures for the Christmas period are announced.
Sponsored Links
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
LIVE traffic updates
Road, rail and airport - latest
Our new, live traffic and travel updates service - check before you set out.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
