U.K. Stocks Advance in Final Minutes Before Christmas Holidayby
British markets close early for holidays, reopen Dec. 29
Energy producers extend winning streak for a third day
U.K. stocks rose in the final minutes of a shortened trading day, extending gains for a third session.
A gauge of oil producers capped its biggest three-day advance since October, with BP Plc rising 1.5 percent. Anglo American Plc, the worst performer in the FTSE 100 Index this year, added 1.5 percent. Ted Baker Plc slid as much as 7.2 percent in the last minutes of trading, before closing 3.6 percent lower.
The FTSE 100 Index climbed 0.2 percent to close at a three-week high. The volume of shares changing hands on companies in the gauge was 60 percent lower than the 30-day average. U.K. markets are now closed for the Christmas holiday and will reopen on Dec. 29.
The FTSE 100 jumped 2.6 percent yesterday, buoyed by an end-of-year rally in miners, the worst performers in 2015. The gains have helped trim the gauge’s worst monthly drop since September. It’s still poised for a 4.7 percent annual drop, the most since 2011.
The FTSE All-Share Index added 0.2 percent today, while Ireland’s ISEQ Index decreased 0.4 percent.