9 Mar 2015
FTSE weakened by a drop in property shares
FXStreet (Mumbai) - The London’s Ftse retreated 0.55% to 6874.50 levels on Monday as shares in property companies fell. To some extent losses have been capped by strength in the mining stocks.
Property shares fall
Land Securities is down 2.5%, with Hammerson, British Land and CRH all down more than 2%. Meanwhile, mining stocks are providing support to the index. Randgold is up 1.43%, while Glencore Xstrata is up 0.70%.
Meanwhile, shares in Standard Chartered are top gainers so far, up 1.68%. On the other hand, the top loser for the day is Smith&Nephew’ down 2.49%.
FTSE Technical Levels
The immediate resistance is seen at 6921.32, above which gains could be extended to 6958.89 levels. On the flip side, support is seen at 6862.87, under which losses could be extended to 6777.99 levels.
Property shares fall
Land Securities is down 2.5%, with Hammerson, British Land and CRH all down more than 2%. Meanwhile, mining stocks are providing support to the index. Randgold is up 1.43%, while Glencore Xstrata is up 0.70%.
Meanwhile, shares in Standard Chartered are top gainers so far, up 1.68%. On the other hand, the top loser for the day is Smith&Nephew’ down 2.49%.
FTSE Technical Levels
The immediate resistance is seen at 6921.32, above which gains could be extended to 6958.89 levels. On the flip side, support is seen at 6862.87, under which losses could be extended to 6777.99 levels.