MARKET
OVERVIEW
Weakness
in the heavyweight mining sector pushed UK equity markets into the
red on Thursday, outweighing a decent performance by financial
stocks.Underwhelming
interim results from the likes of Morrisons and Next were also
weighing on sentiment in London.The FTSE 100 was trading 0.4%
Lower
at 6,805 by midday.
Index
opened on gap up but did not manages to sustain higher and showed
negative bias and closed with moderate loss.For upcoming session it
will supposed to move in range of 6780-6820.Consolidating in the
range can show further upside movement as RSI is trading above 50
level and having scope to test the 70 level as Index is managing to
sustain above 50 DMA & 200 DMA so it is also indicating the
strength of current trend with support of 6750.
TOP GAINER
|
Name
|
Close
Price
|
Change
%
|
|
Sse
|
1485
|
2.77
|
|
Itv
|
216.6
|
1.98
|
|
Enterprises
Inns
|
118.2
|
1.9
|
|
Hays
|
127.4
|
1.11
|
|
Lloyds
Banking
|
74.08
|
1.16
|
TOP LOSER
|
Name
|
Close
Price
|
Change
%
|
|
Itv
|
212.5
|
-2.52
|
|
hays
|
126.2
|
-1.41
|
|
Sainsbury
|
289
|
-1.47
|
|
Dly
Mail
|
846
|
-1.25
|
|
William
Hill
|
349.6
|
-1.1
|
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