(MENAFN- ProactiveInvestors) Mining stocks made the early headway as the FTSE 100 made a steady start to what is expected to be a quiet day of trading.
() and () topped the blue-chip leaderboard each gaining just over 2.6% while Randgold () () () and Antofagasta () also marked spots in Monday’s ‘top 10’ FTSE 100 stocks.
() which today announced the first LNG shipment from its new Queensland facility advanced 10p or 1.13% to 891.2p.
The blue-chip benchmark mark itself edged just 0.12% into positive territory standing at 6620 in early deals.
Indivior (LON:INDV) the spin out was down 3.45% and was the biggest faller amid Monday’s open.
It was followed down by (LON:BT.) RSA Insurance () and Burberry ().
While the chequered designer trended lower (LON:CHOO) hot-stepped into the FTSE 250’s best risers – adding more than 2%.
Elsewhere among the mid-caps Egyptian gold miner Centamin () and Vedanta () gained strongly - up 3.6% and 3.3% respectively – while surface technology group Alent (LON:ALNT) cable-tie specialist Hellermannytyton (LON:HYT) and chemicals firm () each dropped 3%.
() shares gained 2.7% to 529p after unveiling a second discovery in an exploration in Iraq near Basra. The Yamama formation flow tested at rates 5000 and 8000 barrels of oil per day.
On AIM people and property tracking technology firm Starcom doubled in value after revealing a tie-up with Germany’s largest Porsche dealership which will offer the group’s Helios system as a dealer fitted extra.
The dealership sold more than 2500 new Porsche’s in 2014 and Starcom reckons as many as 26 other German dealerships will also sign-up.
The AIM technology share was up 8.5p 140% trading at 14.5p in early deals.
A “game changing” gas supply deal was the trigger for ’s () 15% gain on Monday.
The deal with ENEO Cameroon the country’s utility company will see VOG supply gas to two power stations in the industrial city of Douala.
“We are now becoming an active part of the Cameroon energy equation” said Kevin Foo VOG’s chairman.
Elsewhere shares in () rose 13% after the explorer said it planned to launch a US$1mln private placement of stock.
The injection of new funds should allow the group the meet the main financial condition of its acquisition of a stake in the Beutong copper-gold project Sumatra Indonesia.
() said it has enough information to assert its new gas discovery in Paraguay can be commercialised but technical problems with the well has meant the oil reservoir cannot be tested at this time.
Chairman Peter Levine says he is confident that President has established the presence of a large new resource base - Lapacho's Santa Rosa formation could contain between 1 to 5 tcf of gas and condensate while the basin wide potential is estimated in a range of 1 to 4 bn barrels.
shares fell 25% to trade at 18.5p each.
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