FTSE

Source: Dukascopy Bank SA
© Dukascopy Bank SA
UK shares moved higher on speculation US Federal reserve would add more stimulus to support the world's biggest economy. Britain's top share FTSE index edged 0.23%, or 13.88 points, higher to 5,938.85 by 15:58 GMT, after earlier reaching its nine-month high at 5,941.89. The gains were mainly led by energy and basic materials.

Five out of nine sectors within the index advanced with Oil and Gas, Basic Materials and Industrials increasing the most by 0.72%, 0.23% and 0.11%, respectively. Polymental International was the best performing company by jumping 4.52%, whereas Evraz and Anglo American rallied 3.92% and 3.14%, subsequently. Miner Anglo American edged higher triggering an increase in materials sector after Barclays lifted  it up upgrading from underweight to equal weight. Meanwhile, Intertek Group, Johnson Matthey and WV Morrison Supermarkets eased by 1.23%, 1.18% and 1.11%, respectively.


© Dukascopy Bank SA

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