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Reply #70: U.K. stocks rise after nine sessions of losses [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 10:08 AM
Response to Reply #7
70. U.K. stocks rise after nine sessions of losses

LONDON (MarketWatch) Britains benchmark stock index turned higher in afternoon trade on Friday, as bargain hunters stepped in after nine consecutive sessions of losses.

The FTSE 100 index /quotes/zigman/3173262 UK:UKX +1.21% rose 1% to 5,175.67 after trading lower for most of the session. The index has ended lower for nine consecutive trading days, during which it has lost 7.5% of its value.

Other European stock markets also reversed course to trade higher. Earlier, sentiment had been dented by news that Italy sold 8 billion euros ($10.7 billion) of six-month bills, but the yield soared to a euro-era high.

Bank shares were among the top gainers in the FTSE, with Royal Bank of Scotland Group /quotes/zigman/530544/quotes/nls/rbs RBS +9.46% /quotes/zigman/155978 UK:RBS +4.17% up 4.3%, Lloyds Banking Group /quotes/zigman/126322 UK:LLOY +2.43% /quotes/zigman/255656/quotes/nls/lyg LYG +5.97% up 2.3% and Barclays PLC /quotes/zigman/152323/quotes/nls/bcs BCS +5.52% /quotes/zigman/301787 UK:BARC +1.57% up 2%.

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