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10 Apr 2015
FTSE trades rises towards all-time high
FXStreet (Mumbai) - The London’s Ftse index inched closer to record highs on Friday, supported by gains in shares of Drug firm Shire.
The index gained 28.44 points or 0.41% to 7043.80 levels.
Its record closing high of 7,037.67 was reached last month, while the intraday all-time high is 7065.08 levels.
Shire gains 4.5%
Shares in the drug firm Shire rose 4.5% after the US Food and Drug Administration granted a priority review to the firm's dry-eye disease treatment lifitegrast. Shares in housebuilders rose after broker Jefferies upgraded its rating on several stocks in the sector. Barratt Developments rose 3%, while Taylor Wimpey gained 2.1%.
Meanwhile, losing side includes, shares in Majestic Wine fell 4% after it announced it was buying online rival Naked Wines. Index loser includes names like Weir Group, Anglo American, Rio Tinto.
FTSE Technical Levels
The immediate resistance is seen at 7065.08 (all-time intraday high). On the other hand, support is seen at 7037.67 (record closing high) and 7000.00 levels.
The index gained 28.44 points or 0.41% to 7043.80 levels.
Its record closing high of 7,037.67 was reached last month, while the intraday all-time high is 7065.08 levels.
Shire gains 4.5%
Shares in the drug firm Shire rose 4.5% after the US Food and Drug Administration granted a priority review to the firm's dry-eye disease treatment lifitegrast. Shares in housebuilders rose after broker Jefferies upgraded its rating on several stocks in the sector. Barratt Developments rose 3%, while Taylor Wimpey gained 2.1%.
Meanwhile, losing side includes, shares in Majestic Wine fell 4% after it announced it was buying online rival Naked Wines. Index loser includes names like Weir Group, Anglo American, Rio Tinto.
FTSE Technical Levels
The immediate resistance is seen at 7065.08 (all-time intraday high). On the other hand, support is seen at 7037.67 (record closing high) and 7000.00 levels.