Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

FTSE 100 rebounds as housebuilders gain, new virus cases drop

Published 02/19/2020, 04:26 PM
Updated 02/19/2020, 04:32 PM
FTSE 100 rebounds as housebuilders gain, new virus cases drop
UK100
-
HSBA
-
BP
-
SHEL
-
HOCM
-
BDEV
-
PSN
-
TW
-
FTMC
-
FTNMX551030
-
BKGH
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.7%, FTSE 250 up 0.3%
* Housebuilders up on bullish HSBC view
* Hochschild Mining leads midcaps

Feb 19 (Reuters) - London's FTSE 100 rebounded in tandem
with global markets on Wednesday as housebuilders advanced after
HSBC upgraded its view on the stocks ahead of a first batch of
results next week, while the number of new coronavirus cases in
China fell.
The FTSE 100 .FTSE added 0.7%, with Berkeley BKGH.L ,
Barratt BDEV.L , Taylor Wimpey TW.L and Persimmon PSN.L
rising between 1.4%-3%.
Miners .FTNMX1770 and oil stocks Shell RDSa.L and BP
BP.L boosted the index. HSBC HSBA.L also rebounded from a
more than 6% slide in the previous session when it reported
lower profit and laid out plans for a strategic overhaul.
The mid-cap FTSE 250 .FTMC gained 0.3%, led by a 6% jump
in Hochschild Mining HOCM.L after it reported 2019 results and
laid out targets for next year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.