FTSE up despite banking, mining slumps
FTSE up despite banking, mining slumps
Tuesday 26th January 2010
The FTSE 100 closed up 16.54 points, or 0.31 per cent, on Tuesday despite heavyweight banking and mining stocks ending the day down again.By close of trading the leading share index stood at 5,276.85, with Standard Chartered leading the gains at 2.49 per cent.
Following official estimates that the UK experienced 0.1 per cent GDP growth in the fourth quarter of 2009, and therefore came out of recession, safe or defensive stocks such as Segro and British Land were up 2.25 per cent and 2.10 per cent respectively.
Global market information group ICAP led the losses at 3.75 per cent however, with Tullow Oil slipping 3.57 per cent.
Lloyds Banking Group led the losses among the banks, down 2.29 per cent, while mining giants Fresnillo and Kazakhmys were down 2.31 per cent and 2.30 per cent.
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