LONDON -- The FTSE 100
But after yesterday's "Greece is saved -- wait, no it isn't" ups and downs, the FTSE 100 had a strong day today, along with other European indexes, finishing the day up 97 points to 5,588.
But there's still a long way to go before any of these daily and weekly meanderings turn into any kind of meaningful trend.
A good day for retail and telecoms
Early market movements today were reinforced in later trading, with Home Retail ending the day 23% up at 91 pence after full-year results showed that the slide in sales at its Argos high-street outlet has apparently been halted. Dixons Retail
Global telecoms giant Vodafone
Telecom tiddler Daisy Group, which has been making acquisitive inroads into the SME communications market, displayed a 31% growth in revenues in its preliminary results today and showed signs of underlying profitability. The result was a modest 1% gain to 94 pence.
An early 8% rise at Whitbread subsided a little after the restaurant and hotel chain released positive Q1 results, and the price settled to a 6.3% gain on the day, stopping at 1,965 pence.
Mixed results for engineers and techies
Engineer Kentz, which enjoyed a 7% morning rise on news that its order book is looking healthy, saw its gain strengthened later in the day to reach market close of 365 pence, up 12% on the day.
Military specialist Chemring Group
Diggers and delvers
In the natural-resources sector, Serica Energy released results of its latest seismic study in Namibia, and though it was favorable, the shares only moved up 1% to 24 pence. But Polo Resources enjoyed a 7% rise to 2.6 pence after it upped its estimates of its gold reserves in Sierra Leone. But sadly for Vatukoula Gold Mines, a disappointing Q3 update led its shares to lose 17% to end on 30 pence for the day.
Real-estate manager Hammerson lost 2.6% on the day after announcing the sale of its London office assets, finishing at 428 pence.
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