FTSE 100 higher ahead of G20
Wednesday 1st April 2009, 5:21PM BST.
The FTSE 100 ended slightly higher but failed to breach the 4,000 barrier as protests hit the City ahead of the G20 meeting.
By the market close, the index was up by 29 points to 3,955.61, led by a surge in mining stocks.
Xstrata shares were up by 9.37 per cent, while Kazakhmys jumped six per cent and Randgold Resources was up by 5.10 per cent.
Oil stocks were trading lower, with Royal Dutch Shell down 2.48 per cent and Tullow Oil falling one per cent.
Philip Gillett, sales trader for IG Index, said: “Although volume was thin today – city workers were either staying home or looking out the window – those who turned up for work took a bearish outlook, particularly towards oil and lower metals.
“Once again, the FTSE finds resistance at the 3900 mark, but could well fall below this point before it climbs again.”
In the US, markets opened higher on positive factory and home sales data.
The Dow Jones index rose 1.03 per cent, while the S&P 500 was up by 0.84 per cent.
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