FTSE 100 rises 18 points on the day 71 on the week


(MENAFN- ProactiveInvestors) Gains by mining stocks melted away in the afternoon session but the Footsie held on to post a modest rise.

The FTSE 100 index finished the week at 7032 up 18 points on the day and 71 points on the week.

Vodafone (LON:VOD) had a good week despite the shares easing on Monday and Tuesday. Shares picked up in the middle of the week on signs that cable TV giant Liberty Global is eyeing up the mobile phone network operator.

Shares jumped 4.5% on Friday to 253.35p.

The big movements on Friday were to be found among the small caps where for instance Russian mine developer Amur Minerals (LON:AMUR) saw its share price surge 85% to 18.5p on the award of a permit for its Kun-Manie asset in Russia.

Fellow Russian mine developer Eurasia Mining (LON:EUA) jumped one-eighth in sympathy.

Tungsten Corp (LON:TUNG) shares have been in a tailspin this year but recovered sharply today after the firm raised £17.5mln through a share placement of more than 21mln shares at 80p per share.

The news sent shares in the electronic invoice supplier jumping 38% to 96.5p.

A special dividend equivalent to around 10% of the share price gave a lift to rugs seller United Carpets (LON:UCG) which hardened by one-sixth to 10.5p.

Suit hire firm Moss Bros (LON:MOSB) was off to the races sprinting 7.9% higher to 105.75p as it revealed like-for-like sales in the first 15 weeks of its financial year were up 7.4% year-on-year.

Biggest faller of the day was Plus 500 (LON:PLUS) the trading platform operator that has had to suspend the accounts of many clients while the Financial Conduct Authority runs an investigation into possible money laundering.

Another laggard was Mosman Oil and Gas (LON:MSMN) despite it disclosing it is talking to a potential farm-in partner for the Taramakau licence.

Shares eased 11% to 4.125p as the company said that some recover fluid from flow testing at Petroleum Creek thus far has been predominantly water.


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