FTSE 100 movers: Miners rally as metals price rise; Tesco goes ex-div
London’s FTSE 100 was up 0.9% at 7,205.66 in afternoon trade on Thursday.
Polymetal shone brightly as gold prices advanced. CMC Markets analyst Michael Hewson said: "Gold prices have continued to push higher, hitting $1,800 an ounce, with the sell-off in the US dollar, and weakness in long term US yields helping to push prices back towards and above the 200-day moving average."
Miners Antofagasta, Rio Tinto, Anglo American, BHP and Glencore also gained as metals price rose.
Hewson said: "It’s been another decent day for basic resource stocks as metals price continue to rise. Copper prices have risen back to their highest levels since July, while aluminium prices are back at 2008 levels."
On the downside, Tesco was the worst performer on the index as it traded without entitlement to the dividend.
FTSE 100 - Risers
Polymetal International (POLY) 1,369.00p 3.79%
International Consolidated Airlines Group SA (CDI) (IAG) 177.88p 3.68%
Antofagasta (ANTO) 1,480.00p 3.35%
Rio Tinto (RIO) 5,090.00p 3.25%
Anglo American (AAL) 2,867.50p 3.00%
BHP Group (BHP) 1,977.80p 2.96%
Whitbread (WTB) 3,329.00p 2.94%
Glencore (GLEN) 382.20p 2.67%
Intermediate Capital Group (ICP) 2,093.00p 2.45%
Burberry Group (BRBY) 1,901.50p 2.26%
FTSE 100 - Fallers
Tesco (TSCO) 265.85p -1.30%
Flutter Entertainment (CDI) (FLTR) 14,290.00p -1.11%
Kingfisher (KGF) 326.90p -1.06%
Avast (AVST) 557.00p -0.89%
DCC (CDI) (DCC) 6,048.00p -0.75%
London Stock Exchange Group (LSEG) 7,872.00p -0.73%
Entain (ENT) 2,054.00p -0.58%
Admiral Group (ADM) 2,990.00p -0.57%
Bunzl (BNZL) 2,500.00p -0.56%
Associated British Foods (ABF) 1,801.50p -0.47%