A second day of gains put the FTSE 100 index up 7.90 points at 4,398.50 by the close, within touching distance of the 4,400 level many feel is a barometer of the strength of the stock market recovery.
Reuters led the media sector with a 10.25p gain to 338p.
MmO2 added 1.75p to 84.5p on subscriber numbers that beat analysts’ expectations.
ICI added 4p to 214p ahead of results tomorrow.
BHP Billiton gained 2.75p to 447.25p despite an ongoing strike at its Chillean mine, which produces about 1% of the world’s copper. Copper futures prices soared in New York today as the market digested news of a work stoppage continuing to hamper copper production at a major plant in Canada.
ITV dropped 7.75p to 139.5p as the gloss came off the company’s debut earlier this week.
Vodafone dropped 1.25p to 135.25p on MmO2’s gain.
The FTSE 150 index dropped 33.4 points to 6,010.9.
Antofagasta, the biggest Chillean metals miner dropped 48.5p to 1,166.5p on fears strikes could spread to more mines in that country.
Cairn Energy, the oil firm, added another 25p to 705p. It is now up more than 150% in the past 12 months.
Trading is mixed in the US. The Dow Jones Industrial Average index is currently up about 6 points to 10,511. However, the S&P 500 index is down by about 4 points to 1,132, while Nasdaq’s Composite is off by 28 points to 2,037.IFAonline
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