FTSE 100 fails to break 5,300 barrier

FTSE 100 ends week at 5,296.38, rising 0.38 per cent on Friday

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FTSE 100 avoids falling into red
The FTSE 100 managed to stay out of the red to end Thursday at 5,276.

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Friday, 13, Nov 2009 05:25

The FTSE 100 failed to break the 5,300 barrier this week, rising just 0.38 per cent on Friday to end at 5,296.38.

The mining sector continued to weigh the index down, while energy and insurance stocks supported the FTSE 100.

Royal Dutch Shell led the risers, surging 4.87 per cent, followed by commercial property firms Liberty International, up by 3.92 per cent and British Land, up 2.79 per cent.

Meanwhile, insurer Resolution fell 3.65 per cent on suggestions it may be about to pursue takeovers of other insurance firms, following its acquisition of Friends Provident.

Eurasian Natural Resources, down 2.59 per cent, Vedanta Resources, down 2.47 per cent, and Xstrata, down 1.74 per cent, also ended the day in the red.

Over in the US, both the Dow Jones and the S&P 500 were trading lower - down by 0.9 per cent and 1.03 per cent respectively - as consumer sentiment fell.