FTSE 100 rises on mining, financial sectors
FTSE 100 rises on mining, financial sectors
Monday 9th November 2009
The FTSE 100 rose one per cent to 5,194.36 by 09:20 GMT on mining and insurance stocks.Royal Dutch Shell led the rally, up by 4.87 per cent, followed by insurer Prudential, trading 4.41 per cent higher.
Prudential's stock was boosted by better-than-expected third quarter results for Allianz, and news of AXA's Asian buyout.
Legal & General Group also benefited from the news, rising 2.13 per cent.
Among the mining sector, Kazakhmys, Antofagasta and Rio Tinto were all rising, by 3.63 per cent, 3.28 per cent and 3.09 per cent respectively.
Although Royal Bank of Scotland was still rising on the index, up by 3.02 per cent, Lloyds Banking Group and Barclays remained in the red, falling 1.06 per cent and 1.15 per cent.
US stocks ended last week slightly higher, despite unemployment hitting a 26-year high.
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