Friday, 12 September 2014

UK stock market overview



 
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