23 Jul 2015
FTSE retains gains, ignores UK retail sales
FXStreet (Mumbai) - London’s benchmark, the FTSE kept moderate gains, tracking other European stocks higher, as UK traders chose to completely ignore worse-than estimates June UK retail sales print.
The UK FTSE 100 trades 0.25% higher at 6684.20, retreating from 6711.60 highs. The FTSE 100 index remained in the green, although trimmed gains as the British currency stands resilient dragging the exports stocks lower.
The FTSE trades with a positive market breadth with the advance-decline ratio being 52:42. ARM Holdings PLC is the top gainer, up 2.84%, followed by Shire PLC +2.74%. On the other hand, Aberdeen Asset Management PLC is losing -6.78% followed by SSE PLC, down -4.79%.
FTSE Technical Levels
The index has an immediate resistance at 6743. Meanwhile, support is seen at 6653 levels and 6581 levels.
The UK FTSE 100 trades 0.25% higher at 6684.20, retreating from 6711.60 highs. The FTSE 100 index remained in the green, although trimmed gains as the British currency stands resilient dragging the exports stocks lower.
The FTSE trades with a positive market breadth with the advance-decline ratio being 52:42. ARM Holdings PLC is the top gainer, up 2.84%, followed by Shire PLC +2.74%. On the other hand, Aberdeen Asset Management PLC is losing -6.78% followed by SSE PLC, down -4.79%.
FTSE Technical Levels
The index has an immediate resistance at 6743. Meanwhile, support is seen at 6653 levels and 6581 levels.