27 Apr 2015
FTSE pushed up gains in HSBC shares
FXStreet (Mumbai) - The London’s Ftse index advanced 0.51% to 7107 on Monday as the shares in HSBC rose 3.5%, extending the 2.9% gains seen on Friday.
Miners fall into losses
Mining stocks failed to sustain early gains and dropped into the red. Fresnillo shed 1.7%, while Anglo American was down 0.1% and Rio Tinto was 0.6% lower. The shares in HSBC gained after the company said it was considering moving its headquarters out of the UK.
Among the index stocks, HSBC, Standard Chartered, Whitbread, Prudential is major gainers. Meanwhile, losing side includes names like Tullow Oil, Tesco, Aggreko, Marks& Spencer, Weir Group.
FTSE Technical Levels
The immediate resistance is seen at the record high of 7119.35. On the other hand, a break below 7100 could see the index re-test the daily low of 7023.00.
Miners fall into losses
Mining stocks failed to sustain early gains and dropped into the red. Fresnillo shed 1.7%, while Anglo American was down 0.1% and Rio Tinto was 0.6% lower. The shares in HSBC gained after the company said it was considering moving its headquarters out of the UK.
Among the index stocks, HSBC, Standard Chartered, Whitbread, Prudential is major gainers. Meanwhile, losing side includes names like Tullow Oil, Tesco, Aggreko, Marks& Spencer, Weir Group.
FTSE Technical Levels
The immediate resistance is seen at the record high of 7119.35. On the other hand, a break below 7100 could see the index re-test the daily low of 7023.00.