U.K. stocks swing between gains and losses on Monday

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Source: Dukascopy Bank SA
U.K. equities extended their gains for a second straight day, sending higher the FTSE 100 Index at the beginning of the session, yet pairing losses later in the session. However, the index is heading towards its longest winning steak in fifteen years, as BP Plc. and Anfogasta Plc. Shares rallied, offsetting the downgrade of country's credit rating. The FTSE 100 slightly declined 0.1% to 6,333.12 by 15:13 p.m. in London. Five out of nine groups in the index declined. Anfogasta was the top performer, as its shares rallied 2.6% to pace gains in basic materials group that jumped 1.5%, the most in the gauge. Royal Bank of Scotland followed with a 2% rally on news the bank might sell its stake of 15% - 25% in Citizens financial Group Inc. via initial public offering. Alongside to that, Pearson was the top loser, as it erased 4.3% after the company reported a profit of 936 million pounds from 942 million pounds in 2011.
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