Back
24 Feb 2015
FTSE suffers moderate losses
FXStreet (Mumbai) - The UK’s benchmark FTSE 100 was moderately lower on Tuesday ahead of BOE governor Carney’s testimony. However, shares of BHP Billiton PLC outperformed following the mining heavyweight’s financial results.
BHP Billiton gains 3.6%
Shares in BHP Billiton advanced after the company delivered a better than expected underlying first half profit of USD 5.35 billion beating market expectations of USD 5 billion. Other major gainers include Mondi; up 1.84%, followed by a 1.39% gain in Hargreaves Lansdown.
Meanwhile, the losers include, shares in Persimmon; down 4.77%, followed by a 3.00% fall in Vodafone Group PLC.
FTSE Technical Levels
The index currently trades at 6903.50; down 0.13%. The immediate support is seen at 6886.31 (Feb. 3 low) and 6858.67 (Feb. 19 low). On the flip side, resistance is seen at 6925.80 and 6943.61 levels.
BHP Billiton gains 3.6%
Shares in BHP Billiton advanced after the company delivered a better than expected underlying first half profit of USD 5.35 billion beating market expectations of USD 5 billion. Other major gainers include Mondi; up 1.84%, followed by a 1.39% gain in Hargreaves Lansdown.
Meanwhile, the losers include, shares in Persimmon; down 4.77%, followed by a 3.00% fall in Vodafone Group PLC.
FTSE Technical Levels
The index currently trades at 6903.50; down 0.13%. The immediate support is seen at 6886.31 (Feb. 3 low) and 6858.67 (Feb. 19 low). On the flip side, resistance is seen at 6925.80 and 6943.61 levels.