FTSE continues bumper start to new year

Monday 4th January 2010

The FTSE 100 has enjoyed an ebullient start to 2010 after closing up 1.62 per cent on its first full day of trading in the new year.

By close of play on Monday the leading share index had gained 87.46 points to 5,500.34.

Oil and energy firms, as well as major banks, drove the gains, with Royal Bank of Scotland Group seeing its shares rise 9.93 per cent.

Cairn Energy was up 6.74 per cent, with Smiths Group up 5.42 per cent.

Among the other big gains were Eurasian Natural Resources Corp (4.92 per cent), Vedanta Resources (4.79 per cent), Home Retail Group (4.64 per cent) and Wolseley (4.01 per cent).

Leading the losses was European real estate group Hammerson, which saw its shares fall 2.78 per cent.

British Land Co slipped 2.75 per cent meanwhile, with Standard Life down 2.17 per cent. ADNFCR-1783-ID-19538637-ADNFCR

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