Monday, 30 March 2015

London Stock Market Overview Monday, March 30 2015


London stock exchange analysis
UK Stock Market Overview
London stocks fall on the fourth day consecutively as a sell-off in iron ore and a stronger dollar hit share prices in the mining sector. In economic data, a Nationwide survey showed the annual growth in UK house prices slowed to an 18-month low of 5.1% in March. Meanwhile, the final estimate of fourth-quarter annualized US economic growth was confirmed at 2.2%, in line with initial estimates but down from 5% in the third quarter.
The FTSE 100 index ended the session down by 0.58 % at 6855.02, as it is not able to sustain above the 7000 level mark. If during the day market is breaching the support level of 6830 on downside after consolidation, then it can test the level of 6770 with the reistance of 6880.

TOP GAINER
Name
Close Price
Change %
CARNIVAL
3241
7.18
INTERCONT HOTELS
2640
2.76
SHIRE
5425
2.17
SABMILLER
3613
1.43
MAN GROUP
203.6
1.24

TOP LOSER

Name
Close Price
Change %
ANGLO AMERICAN
1044
3.02
HAYS
151.2
2.64
RIO TINTO
2809.5
2.35
BARCLAYS
244.25
2.3
BHP BILLITON
1507.5
2.27