Britain's FTSE rebounds

February 22 2013 at 12:14pm
By Reuters

Reuters.

A trader monitors the screen on a trading floor in London.

London - Britain's top share index bounced higher in early deals on Friday after sharp falls in the previous session, led by rebounding mining and financial stocks.

By 10:08 SA time, the FTSE 100 was up 24.43 points, or 0.4 percent, at 6,315.97, having suffered its sharpest one-day fall since July on Thursday on concerns the Federal Reserve could end its stimulus programme sooner than expected, removing a driver of the recent equity rally.

The index, however, found some technical support after pulling back within the three-month up-trend - from lows reached in November 2012, according to Westhouse's technical analyst Dominic Hawker. - Reuters

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