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Wednesday 09th of February 2011
September 9, 2009    

Yell Group adds 20 percent to lead London markets

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by Elaine Frei
Yell Group adds 20 percent to lead London markets

European equities markets were higher Wednesday as the energy sector saw gains following a significant gain in oil prices on Tuesday and banks also were mostly higher.

The FTSE 100 added 1.15 percent to 5,004.3 in London, while the FTSE 250 was up 1.13 percent to 9,137.05.

Yell Group had the best day on the 250, where the directories publisher added 20.31 percent.

The FTSE Eurofirst 300 was up 0.95 percent to 986.99 while the IBEX added 0.84 percent to 11,462, the CAC-40 was 1.28 percent higher to 3,707.69 and the Dax gained 1.69 percent to 5,574.26.

Equities markets in the Asia-Pacific region were mixed on the session.

In Tokyo, the Nikkei 225 fell 0.78 percent to 10, 312.14 and the Topix index was down 0.69 percent to 939.84, but the Mothers market added 1.65 percent to 447.84.

Australia’s markets also declined on the session as the Sydney Ordinaries fell 0.02 percent to 4,527.1 and the S&P/ASX200 dropped 0.04 percent to 4,522.2.

The Straits Times Index was down 0.39 percent while South Korea’s Kospi was 0.74 percent lower to 1,607.77, Taiwan’s Taiex fell 0.87 percent to 7,250.72 and the Hang Seng dropped 1.04 percent to 20,851.04 in Hong Kong.

India’s Sensex added 0.37 percent to 16,183.55 while the Shanghai Composite was up 0.54 percent to 2,946.26.

Wall Street was higher in early afternoon trade as the Dow Jones Industrial Average had added 0.69 percent to 9,562.94 at just before 1 p.m. in New York, while at the same time the Nasdaq Composite was 1.25 percent higher to 2,063.29 and the S&P 500 was up 0.89 percent to 1,034.54.

Crude oil and base metals prices were higher on the session, while precious metals and grains were mixed.

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