3 Shares Set to Beat the FTSE Today

LONDON -- The FTSE 100 (INDEX: ^FTSE  ) is continuing on up, gaining 30 points to 5,900 by early afternoon, which is less than 100 points away from its 52-week high of 5,989. All we need is for Europe not to melt down over the next few weeks, and we could be in for a new high!

Meanwhile, individual companies are running ahead of the index as good news comes in from a number of sectors. Here are three names that are rising nicely today and look set to beat the FTSE.

RBS (LSE: RBS.L  )
Royal Bank of Scotland enjoyed a modest lift, up 1.7% to 285 pence after the bailed-out bank announced it is now able to leave the government's Asset Protection Scheme, effective tomorrow. The scheme was a means of providing support for the bank's turnaround plans, and the exit -- at the earliest opportunity possible for RBS -- should help support the growing sentiment toward the bank.

Forecasts do suggest a significant return to profit this year, so are the banks sufficiently rehabilitated to invest in now? Only you can decide that.

Cable & Wireless (LSE: CWC.L  )
Cable & Wireless Communications received a 3.8% boost this morning after the global telecommunications company confirmed press speculation that it is in discussions with CITIC Telecom International concerning a possible sale of its 51% stake in Companhia de Telecomunicacoes de Macau.

Cable & Wireless Communications shares had a poor first six months of 2012, but since June they've been recovering nicely, and there's a whopping 7% dividend forecast for the full year to March 2013. It won't be very well-covered, but earnings are expected to rise the following year.

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Centamin (LSE: CEY.L  )
Centamin, the Egypt-based gold miner, popped a further 3.7% to 103 pence today. The move was helped by upbeat reports on the outlook for gold and recent confirmation that the firm still expects to meet its full-year targets.

Centamin's shares have nearly doubled since June, but they're still not back up to their 52-week high of 117 pence, mind. However, with a forecast full-year P/E ratio of less than nine, there could still be further to go.

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Alan Oscroft does not own any shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.


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