Bargain hunters piled into markets around the world today looking for good deals on stocks hammered ...
Bargain hunters piled into markets around the world today looking for good deals on stocks hammered during the past week, pushing up the key FTSE 100 index by 168.70 points to 4,190.60 by the close.
It was the best performance by the index since October 1998 as just 7 stocks recorded losses.
Amvescap gained 49.5p to 480p to lead the charge - an 11.5% gain.
Barclays did even better from a historical perspective, however, gaining 42.5p to 475p, its best day's gain in a decade.
HBOS and LloydsTSB were both branded new 'buys' on the back of their low share prices, and gained 51p to 607.5p and 49p to 607p respectively.
3I saw its share price target lowered by analysts at UBS Warburg, but investors still put 39p onto the stock, taking it to 584p.
Chemicals specialist Johnston Matthey was raised to a 'buy' by Dresdner, and gained 52p to 906p.
Vodafone gained 5p to 96.5p after long-time supporter Goldman Sachs said a review of the accounts turned up no nasty surprises.
Top loser was factory automations supplier Invensys, which dropped 3.5p to 73.5p after peer stock ABB of Switzerland said first-half profit would fall.
Investors also lost interest in tobacco stock Gallaher, which shed 21.5p to 558.5p.
UK mid-cap stocks also did well, the FTSE 250 index adding 47.1 points to 4,871.6 by the close.
Anite added a massive 22.5%, or 5.75p to 31.25p, and BTG added 37p to 239p after defending a patent relating to next generation mobile phone technology.
British Energy is struggling with price caps, and lost 12p to 124p, Aberdeen Asset Management's split cap investment trust woes continued to hamper its recovery prospects, forcing shares down 11p to 147.5p, and Britannic's continued futile search for a buyer caused its shares to lose 23.5p to 320.5p.
Regular reminders and updates
9 December 2019 deadline
Joe McDonnell joins as head of portfolio solutions (EMEA)
Adviser of the Year - South East
Fidelity Multi Asset CIO's outlook