FSA 100 breaks back over 5,000

FSA 100 breaks back over 5,000

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Monday, 05, Oct 2009 09:37

The FSA 100 broke back over 5,000 in early trading on Monday.

At 09:19 BST, the index stood at 5,002.54 - up 13.84 points or 0.27 per cent.

The FTSE 100 was led by Royal Bank of Scotland - up 3.71 per cent to 48.37p.

The rise came despite the Wall Street Journal reporting a deal to sell RBS businesses in India, China and Malaysia to Standard Chartered had fallen through.

Miners showed strength this morning with Antofagasta up 3.61 per cent, Kazakhmys up 3.50 per cent and Eurasian rose 3.10 per cent.

RSA Insurance rose 2.90 per cent after reports over the weekend it was ditching plans for a rights issue.

Property stocks took a hit this morning with land Securities down 1.48 per cent, British Land down 1.29 per cent and Segro down 0.88 per cent.

Man Group fell 1.36 per cent as did Smith & Nephew.