Britain's FTSE finishes higher on stronger miners - News Summed Up

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Britain's FTSE finishes higher on stronger miners


"Miners are rallying on stronger metals prices and brokers too are generally turning somewhat positive," Jawaid Afsar, senior trader at Securequity, said. LONDON: Britain's top share index ended higher on Monday, with a rally in basic resources stocks on the back of stronger metals prices supporting the broader equities market.The blue-chip FTSE 100 index closed 0.2 per cent stronger at 6,151.40 points after gaining in the previous session. "This is the first sign of occupational weakness in the sector and we would expect it to weigh on the shares." While the company posted a rise in its full-year portfolio value, investors voiced concerns about the impact on the sector of Britain's June 23 referendum on whether to leave the EU. "A weaker dollar could support the market further, but a further strong rally in the near term seems challenging given the pace of economic growth in top metals consumer China.


Source: Economic Times May 16, 2016 11:27 UTC



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