Back
31 Mar 2015
FTSE suffers moderate losses
FXStreet (Mumbai) - The London’s Ftse index suffered moderate losses on Tuesday due to the weakness in the Energy shares. However, the rally in Kingfisher capped losses in the index.
Kingfisher gains 4.6%
Shares in Europe's biggest home improvement retailer rose 4.6 after the company said it planned to close about 60 under performing stores in Britain, while returning GBP 200 million to investors during the 2015-16 year.
Meanwhile, the Ftse 350 Oil and Gas index retreated 0.50%, along with a 0.72% fall in the Mining index. Shares in Petrofac and Tullow Oil fell 1.88% and 1.845 respectively. Anglo American fell 1.84%.
The Ftse index currently trades 0.23% lower at 6875.30. The upwardly revised UK Q4 GDP released today has not had a significant impact on the equities do far.
Ftse Technical Levels
The immediate support is seen at 6861.30, under which losses could be capped at 6837.80 levels. On the flip side, resistance is seen at 6914.60 and 6974.26 levels.
Kingfisher gains 4.6%
Shares in Europe's biggest home improvement retailer rose 4.6 after the company said it planned to close about 60 under performing stores in Britain, while returning GBP 200 million to investors during the 2015-16 year.
Meanwhile, the Ftse 350 Oil and Gas index retreated 0.50%, along with a 0.72% fall in the Mining index. Shares in Petrofac and Tullow Oil fell 1.88% and 1.845 respectively. Anglo American fell 1.84%.
The Ftse index currently trades 0.23% lower at 6875.30. The upwardly revised UK Q4 GDP released today has not had a significant impact on the equities do far.
Ftse Technical Levels
The immediate support is seen at 6861.30, under which losses could be capped at 6837.80 levels. On the flip side, resistance is seen at 6914.60 and 6974.26 levels.