UK stocks advance ahead of US payrolls data

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Source: Dukascopy Bank SA
UK shares climbed on Friday ahead of the US payrolls data. Recent Mario Draghi comments that the ECB will buy bonds of the troubled eurozone members lent support to the UK equities. The FTSE 100 Index gained 0.46% to trade at 5,854.55. Six out of ten sectors within the index climbed. The top-performers were telecommunications and basic materials. Eurasian Natural Resources, Antofagasta and Evraz jumped 5.21%, 2.09% and 3.18%, respectively. Among telecommunications, BT Group and Vodafone Group inched up 0.13% and 1.57%. Burberry Group advanced 1.00% after Morgan Stanley raised its recommendation on the company's shares. Oil and gas sector also climbed amid rallying energy prices. BP and AMEC jumped 0.50% and 0.44%. On the downside were utilities and health care firms. Shares of National Grid and Pennon Group tumbled 0.50% and 0.82% while Smith & Nephew dropped 0.36%.

 

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Fri, 05 Oct 2012 13:10:55 GMT

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