Insurer Legal & General tops winners on 100

| March 11, 2009 | 0 Comments
Insurer Legal & General tops winners on 100

European equities markets were mostly higher Wednesday, but the FTSE 100 was lower in London on declines in the banking even though insurers saw gains.

The FTSE 100 was 0.58 percent lower to 3,693.81 but the FTSE 250 added 1.21 percent to 6,026.68.

The biggest gainer on the 100 was insurer Legal & General (LSE: LGEN), which added 8.24 percent and was closely followed by Aviva (LSE: AV) with a gain of 8.21 percent.

The FTSE Eurofirst 300 was up 22 percent to 692.42 while the CAC-40 added 0.39 percent to 2,674.2, the Dax was 0.7 percent higher to 3,914.1 and the IBEX gained 0.72 percent to 7,204.7.

Most markets in the Asia-Pacific region made gains on the session.

In Tokyo, the Nikkei 225 added 4.55 percent to 7,376.12, its biggest one-day gain in six weeks, while the Topix index was up 2.67 percent to 722.28 and the Mothers market gained 1.54 percent to 284.07.

The Straits Times Index was 1.33 percent higher to 1,505.51 while in Australia the Sydney Ordinaries gained 1.78 percent to 3,199.1 and the S&P/ASX200 was up 1.88 percent to 3,244.4.

In Taiwan, the Taiex added 1.9 percent to 4,759.96, the Hang Seng was up 2.02 percent to 11,930.66 and the Kospi gained 3.23 percent to 1,127.51.

The Shanghai Composite, however, was down 0.91 percent to 2,139.02.

At just before 2 p.m. in New York, the Dow Jones Industrial Average had dropped 0.09 percent but the Nasdaq Composite was 0.75 percent higher to 1,368.47 and the S&P 500 had added 0.12 percent to 720.46.

Crude oil prices fell on US inventories data and the possibility that OPEC will not cut more production as has been expected, copper was lower on new data from China and grains prices fell on the Chicago Board of Trade, but precious metals prices saw gains on the session in New York.

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