Miners Fresnillo, Xstrata gain most on 100

December 1st, 2009 | Tags: , , , , ,

December 1, 2009 ???? Miners Fresnillo, Xstrata gain most on 100 by Elaine Frei European equities markets saw gains Tuesday as worries about the effect of Dubai’s debt problems continued to recede. The FTSE 100 added 2.34 percent to 5,312.17 in London, while the FTSE 250 gained 2.43 percent to 9.135.11 as miners gained on higher metals prices. Gold and silver miner Fresnillo (LSE: FRES) led gainers on the 100 as it added 7.47 percent and turned in the best performance among miners, followed by a gain of 6.27 percent for Xstrata (LSE: XTA). Most banks were higher, led by Standard Chartered (LSE: STAN) with a gain of 5.19 percent, but Lloyds Banking Group (LSE: LLOY) was down 1.83 percent for the worst performance on the 100 after broker KBW cut the bank’s target share price. The 250 produced both the biggest winner and biggest loser in London, with house builder Persimmon (LSE: PSN) adding 11.07 percent after mortgage lender Nationwide said that UK house prices were up 0.5 percent in November, but residential property group Grainger (LSE: GRI) dropped 7.8 percent. The FTSE Eurofirst 300 was up 2.51 percent to 1,010.02 while the IBEX added 1.87 percent to 11,862.1, the CAC-40 was 2.6 percent lower to 3,775.74 and the Dax gained 2.68 percent to 5,776.61. There was only one decliner on the CAC-40 and only two stocks fell on the Dax. Markets in the Asia-Pacific region were higher on the session. The Nikkei 225 added 2.43 percent to 9,572.2 in Tokyo, while the Topix index was up 2.12 percent to 857.76 and the Mothers market gained 2.49 percent to 396.83

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Miners Fresnillo, Xstrata gain most on 100

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