16 Jan 2015
FTSE declines
FXStreet (Mumbai) - The London’s Ftse index retreated as markets across the globe are still reeling under the Swiss National Bank’s currency shock which saw a more than 30% appreciation in the value of CHF against the EUR.
The index traded 0.27% lower at 6481, compared to the previous session’s close at 6498.78 levels. The index breadth is negative with an advance-decline ratio of 22:78. The Ftse Oil Equipments Services and Distributions index is down 1.95%, while the Bank index is down 0.83%. The Ftse Telecom index is up 1.09%, along with a 0.32% gain in Oil and Gas index.
Among stocks, Petrofac is the biggest loser; down 2.16%, followed by a 1.81% fall in Dixons Carphone. On the other hand, BP is the biggest gainer; up 1.96%, followed by a 1.885 gain in Imperial Tobacco.
FTSE Technical Levels
The immediate resistance is seen at 6498.78, above which gains could be extended to 6557.50 levels. Meanwhile, support is seen at 6449.50 and 6404.30 levels.
The index traded 0.27% lower at 6481, compared to the previous session’s close at 6498.78 levels. The index breadth is negative with an advance-decline ratio of 22:78. The Ftse Oil Equipments Services and Distributions index is down 1.95%, while the Bank index is down 0.83%. The Ftse Telecom index is up 1.09%, along with a 0.32% gain in Oil and Gas index.
Among stocks, Petrofac is the biggest loser; down 2.16%, followed by a 1.81% fall in Dixons Carphone. On the other hand, BP is the biggest gainer; up 1.96%, followed by a 1.885 gain in Imperial Tobacco.
FTSE Technical Levels
The immediate resistance is seen at 6498.78, above which gains could be extended to 6557.50 levels. Meanwhile, support is seen at 6449.50 and 6404.30 levels.