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Tuesday 02nd of December 2008
June 21, 2006

FTSE 100 higher, 250 declines


by Elaine Frei

London equities markets were mixed on Wednesday as the FTSE 100 added 0.12 percent late in the day to close at 5,665, but the FTSE 250 lost 0.3 percent to 9,093.1. Once again, volumes were low with only 2.5 billion shares changing hands.

Eighteen percent of all the shares traded on the day were from Vodafone, which ended the day up 0.2 percent to 114¼p.

The 100’s gains were helped by the mining sector, where stocks advanced as the prices of metals rose. Vedanta Resources added 2.5 percent to £13.09, while Lonmin gained 2.9 percent to £26.41 and Kazakhmys was up 3.1 percent to £10.95.

Online gamer PartyGaming added 3.25 percent to 119¼p on rumors that one US bank was telling its customers to buy shares because current attempts to make online gambling illegal in the US will not succeed.

In the media sector, ITV added 2.7 percent to 105¼p despite a negative trading update, as the broadcaster announced an increase in its share buyback.

Mitchells & Butlers added 0.4 percent to 505¼p. However, analysts said that it could have trouble on Thursday after an after-session announcement that Violet Capital, controlled by financier Robert Tchenguiz, no longer owns a reportable share of the pub operator.

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