Tuesday, December 30, 2008

London stock market opens higher after Xmas break

LONDON, Dec. 29 (Chinese media) --The London stock market make a encouraging rise in early Monday trading as the market reopened after the Christmas break.



The FTSE 100 index of leading London shares added 2.4 percent, 102.6 points to 4,319.1 with oil firms climbing on analyst forecasts that prices would rise.

Mining groups led the climbers, with Rio Tinto up 6 percent, Anglo American adding 5.5 percent with Kazakhyms and BHP Billiton both putting on more than 4.5 percent.

Insurers Standard Life and Friends Provident slipped back.

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