Miners higher as Lonmin adds 8.43 percent

31 May 2009 | 05:09 Code : 19220 Geoscience events
Most equities markets in Europe were higher Friday as banks and miners saw gains...

Most equities markets in Europe were higher Friday as banks and miners saw gains.The FTSE 100 added 0.69 percent to 4,417.94 in London, while the FTSE 250 was up 0.71 percent to 7,572.The London markets were up as Nationwide Building Society said that UK house prices rose 1.2 percent in May, while another report said that consumer confidence remained even in the month.Miners took all five spots on the top winners’ list on the 100, led by Lonmin (LSE: LMI) with a gain of 8.43 percent, but gold and silver miner Fresnillo (LSE: FRES) led losers on the 100 as it dropped 4.27 percent.Over on the 250, home builder Taylor Wimpey (LSE: TW) was the top performer as it added 9.4 percent, while food processor Northern Foods (LSE; NFDS) led decliners as it dropped 5.69 percent.The FTSE Eurofirst 300 was up 0.23 percent to 862.2 while the Dax added 0.16 percent to 4,940.82 and the CAC-40 gained 0.43 percent to 3,277.65 but the IBEX dropped 0.12 percent to 9,424.3.Banks were higher as Credit Agricole (Euronext: ACA) added 1.57 percent, BNP Paribas (Euronext: BNP; TYO: 8665) was up 2.42 percent and Societe Generale (Euronext: GLE) gained 3.02 percent.Carmakers also saw gains as Volkswagen (FWB: VOW) added 1.64 percent, Renault (Euronext: RNO) was 2.17 percent higher and Peugeot (Euronext: UG) gained 2.77 percent.Utilities were up as EON (FWB: EOA; LSE: EON; NYSE: EON) added 1.11 percent, EDF (Euronext: EEN) was 1.81 percent higher and RWE (FWB: RWE) gained 2.1 percent.Retailer Carrefour (Euronext: CA) had the worst day on the CAC-40 as it fell 2.64 percent while engineering group Siemens (FWB: SIE; NYSE: SI) turned in the worst performance of the session on the Dax with a decline of 2.13 percent.Drug maker Bayer (FWB: BAY; TYO: 4863) gained the most on the Dax as it added 3.55 percent.Markets in the Asia-Pacific region were higher as China and Taiwan remained closed for holidays there.In Tokyo, the Nikkei closed at its highest since October 15, adding 0.75 percent to 9,522.5 and brining the week’s gains to 3.2 percent and the gain for May to nearly 8 percent, while the Topix index was up 0.26 percent to 897.91 and the Mothers market was 2.19 percent higher to 394.05.Economic news was mixed as Japan’s factory output rose 5.2 percent in April over March, but the unemployment rate there reached 5 percent, a 5 ½-year peak and household spending was down 1.3 percent from the same time last year.Mitsui OSK Lines (TYO: 9104) was up 5.1 percent while at the same time Nippon Yusen (TYO: 9101) added 5.3 percent and Kawasaki Kisen (TYO: 9107) gained 6.4 percent.South Korea’s Kospi index was up 0.27 percent to 1,395.89 while the Straits Times Index was 1.57 percent higher to 2,329.08 and in Australia the Sydney Ordinaries added 1.58 percent to 3,813.3 and the S&P/ASX200 gained 1.66 percent to 3,818.1.The Hang Seng was up 1.6 percent in Hong Kong while India’s Sensex added 2.3 percent to 14,625.25.Wall Street was mixed in early afternoon trade as the Dow Jones Industrial Average was up fractionally to 8,403.96 at just past 1 p.m. while at the same time the S&P 500 was up 0.23 percent to 908.88 but the Nasdaq Composite was 0.04 percent lower to 1,751.12.

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