Miner Kazakhmys leads 100 in London

| May 1, 2009 | 0 Comments
Miner Kazakhmys leads 100 in London

With many equities markets closed for the May Day holiday, trade was slow Friday.

Markets were open in London, where the FTSE 100 fell 0.01 percent to 4,243.22 but the FTSE 250 added 0.56 percent to 7,571.33.

Kazakhmys (LSE: KAZ) led the 100 with a gain of 10.28 percent while elsewhere in the mining sector Vedanta Resources (LSE: VED) was up 5.21 percent, Xstrata (LSE: XTA) added 5.1 percent and Antofagasta (LSE: ANTO) was 4.75 percent higher.

With so many European markets closed for the day, the FTSE Eurofirst 300 added just 0.12 percent to 829.65.

Among major markets in the Asia-Pacific region, only Tokyo and Australian markets were open.

In Tokyo, the Nikkei 225 added 1.69 percent to 8,977.37, its best closing level in four months, while the Topix index was up 1.08 percent to 846.85 and the Mothers market gained 0.1 percent to 344.88.

In Australia the Sydney Ordinaries was 0.18 percent lower to 3,737.9 while the S&P/ASX200 dropped 3,769.6.

New York markets were mixed as the Dow Jones Industrial Average fell 0.18 percent to 8,153.63 at just after 12:30 p.m. while at the same time the Nasdaq Composite had dropped 0.13 percent to 1,715.09 but the S&P 500 had added 0.02 percent to 872.98.

Crude oil prices saw gains, as did copper prices and grains, but precious metals prices were mixed in midday trade in New York.

The US dollar and the Japanese yen weakened on data and sentiment.

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