Back
29 Dec 2014
FTSE erases gains after a gap-up opening
FXStreet (Mumbai) - The London’s Ftse index gave up its gains to trade on a flat note after opening higher, since most European markets are nervous ahead of the Greek presidential vote today.
The Ftse index currently trades 0.14% higher at 6619.30, compared to the previous session’s close at 6609.93, and down from the today’s opening price of 6655.30. The index breadth is still positive with an advance-decline ratio of 59:39. The Ftse Industrial Metals and Mining index is down 1.98%, while the Telecom index is down by 1.43%. Oil and Gas index and Bank index are down 0.23% and 0.20% respectively.
Among stocks, Petrofac is the top loser for the day; down 1.94%, followed by BT group; down 1.73%. RSA Insurance and Tullow Oil are down 1.52% and 1.29% respectively. Meanwhile, on the plus side, Fresnillo is the top gainer for the day; up 3.22%, followed by Randgold; up 2.62%. BHP Billiton and Rio Tinto are up 2.41% and 1.99% respectively.
Ftse Technical Levels
The immediate support is seen at 6586, followed by another support at 6559.56 levels. Meanwhile, resistance is seen at 6620 and 6655.30 levels.
The Ftse index currently trades 0.14% higher at 6619.30, compared to the previous session’s close at 6609.93, and down from the today’s opening price of 6655.30. The index breadth is still positive with an advance-decline ratio of 59:39. The Ftse Industrial Metals and Mining index is down 1.98%, while the Telecom index is down by 1.43%. Oil and Gas index and Bank index are down 0.23% and 0.20% respectively.
Among stocks, Petrofac is the top loser for the day; down 1.94%, followed by BT group; down 1.73%. RSA Insurance and Tullow Oil are down 1.52% and 1.29% respectively. Meanwhile, on the plus side, Fresnillo is the top gainer for the day; up 3.22%, followed by Randgold; up 2.62%. BHP Billiton and Rio Tinto are up 2.41% and 1.99% respectively.
Ftse Technical Levels
The immediate support is seen at 6586, followed by another support at 6559.56 levels. Meanwhile, resistance is seen at 6620 and 6655.30 levels.