Pre-programmed buy and sell orders associated with the ending of futures contracts came to the aid o...
Pre-programmed buy and sell orders associated with the ending of futures contracts came to the aid of the FTSE 100 today as shares rose across the board helping the index end the day up 46.60 points at 3,860.10.
Biggest gainer by index points was Vodafone, which put on 3.25p to 89p following news the company is branching out into data services with a possible deal involving Germany's DaimlerChrysler and the issue of automated lorry tolls.
Such telematics schemes have traditionally been held by specialist firms, but Vodafone could take advantage of its pan-European presence to help develop a pan-European solution.
Biggest gainer in percentage terms was Six Continents, formerly Bass, which gained 41p to 587p after it said it would spin off its Holiday Inn hotels or, failing that, return funds to shareholders.
Banks had a good day too as Bradford & Bingley gained 19.75p to 313.75p and HBOS climbed 38.5p to 672.5p after announcing it was going to expand into the Spanish market as well as would beef up the SRI capabilities of its asset management arm Insight Investment.
Investors exited retailing and supermarket stocks, however, in order to lock in profits, as Boots lost 8.5p to 505.5p, Sainsbury lost 6p to 305.5p and Next lost 20.5p to 886.5p.
Capita Group lost most, shedding 8p to 213p.
Mid-cap stocks did not fare as well, the FTSE 250 index lost 4.1 points to 4,480.4.
Large losses in the US yesterday are so far not being copied today, as the Dow Jones Industrial Average is up by 28 points to 7,970 and the Nasdaq Composite is up 6 points at 1,222.
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