1 Dec 2014
Ftse hits one-week low
FXStreet (Barcelona) - The UK equity index Ftse fell to a one-week low today as the mining and energy shares continued to decline tracking a sharp fall in the energy and commodity prices.
The Ftse traded 0.82% lower at 6667.5 levels at the time of writing. The index opened lower to hit a low one-week low of 6641. The index breadth is negative with an advance decline ratio of 33:68. The Mining shares, Oil and Gas shares and Oil Equipment Services and Distribution shares are down by 2.1%, 1.61% and 3.095 respectively. Meanwhile, Chemical stocks are up 1.09%.
Among the index stocks, shares in Tullow Oil are down 6.61%, followed by Vodafone group PLC, down 4.31%. Weir Group and BHP Billiton are down 3.73% and 3.15% respectively. On the plus side are shares in SKY Plc, up by 10.26%, followed by Aberdeen AM, which is trading up by 2.79%. Other major gainers include IAG, Rolls-Royce and SSE.
The index managed to recover from the day’s low after the UK manufacturing PMI for November came-in at a four-month high of 53.5.
FTSE Technical Levels
The index has an immediate resistance at 6678.00 (Nov 20 close), above which prices can rise to 6720 levels. Meanwhile, support is seen at the daily low of 6641.00 and 6600 levels.
The Ftse traded 0.82% lower at 6667.5 levels at the time of writing. The index opened lower to hit a low one-week low of 6641. The index breadth is negative with an advance decline ratio of 33:68. The Mining shares, Oil and Gas shares and Oil Equipment Services and Distribution shares are down by 2.1%, 1.61% and 3.095 respectively. Meanwhile, Chemical stocks are up 1.09%.
Among the index stocks, shares in Tullow Oil are down 6.61%, followed by Vodafone group PLC, down 4.31%. Weir Group and BHP Billiton are down 3.73% and 3.15% respectively. On the plus side are shares in SKY Plc, up by 10.26%, followed by Aberdeen AM, which is trading up by 2.79%. Other major gainers include IAG, Rolls-Royce and SSE.
The index managed to recover from the day’s low after the UK manufacturing PMI for November came-in at a four-month high of 53.5.
FTSE Technical Levels
The index has an immediate resistance at 6678.00 (Nov 20 close), above which prices can rise to 6720 levels. Meanwhile, support is seen at the daily low of 6641.00 and 6600 levels.