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, an...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes