LONDON: The FTSE 100 Index rose to a 14- month high as mining companies climbed with metal prices and Asia Pacific leaders pledged to maintain stimulus measures.
Antofagasta Plc, Rio Tinto Group and Xstrata Plc rallied more than 5 per cent as copper jumped in London and New York and gold reached to a record. Lonmin Plc surged 9.3 per cent as the platinum producer said it sees signs of improvement in the industry and the price of the precious metal rose.
The benchmark FTSE 100 Index added 86.29, or 1.6 per cent, to 5,382.67 in London, extending last week's 3 per cent advance. That's the highest level since Sept. 12, 2008, the last trading session before Lehman Brothers Holding Inc. filed for the world's biggest bankruptcy three days later. The FTSE All-Share Index rose 1.6 per cent, while Ireland's ISEQ Index lost 1.4 per cent.
Monday, November 16, 2009
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment