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1 Apr 2015
FTSE pushed higher by Banking shares
FXStreet (Mumbai) - The London’s Ftse index advanced 1% today on the back of solid gains in the Banking shares and Oil and Gas shares.
Banks gain
Shares in Barclyas advanced 3.64% to become the biggest index gainer so far. Lloyds also gained 2.6%, while Royal Bank of Scotland climbed 1.4%. Kingfisher shares fell 2.00% to part of its Tuesday’s gains. Miners like Antofagasta and Glencore Xtrata also fell 0.90% each.
The FTSE 350 bank index advanced 1.73%, while the Oil and Gas index climbed 1.71%. The Ftse index gained 1% to trade at 6840.80 levels. In currency markets, the GBP/USD fell 0.37% to 1.4763.
FTSE Technical Levels
The immediate resistance is seen at 6914.60, above which gains could be extended to 6974.26 (March. 2 high). On the flip side, a break below the previous session’s low of 6765.05, could drive the index lower to 6731.99 (Feb. 2 low).
Banks gain
Shares in Barclyas advanced 3.64% to become the biggest index gainer so far. Lloyds also gained 2.6%, while Royal Bank of Scotland climbed 1.4%. Kingfisher shares fell 2.00% to part of its Tuesday’s gains. Miners like Antofagasta and Glencore Xtrata also fell 0.90% each.
The FTSE 350 bank index advanced 1.73%, while the Oil and Gas index climbed 1.71%. The Ftse index gained 1% to trade at 6840.80 levels. In currency markets, the GBP/USD fell 0.37% to 1.4763.
FTSE Technical Levels
The immediate resistance is seen at 6914.60, above which gains could be extended to 6974.26 (March. 2 high). On the flip side, a break below the previous session’s low of 6765.05, could drive the index lower to 6731.99 (Feb. 2 low).