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Equity Market News 19th May 2012

Equity Org Headlines:

Essar Energy adds 3 percent in mostly lower London energy sector

Antofagasta leads miners higher in London

Hunting plc leads energy sector lower

Sports Direct International leads London retailers higher

Pace plc drops 40 percent on profits warning

Royal Bank of Scotland leads London banks lower

Royal Bank of Scotland leads banks, FTSE 100 higher in London

Lloyds Banking Group drops 8 percent on first-quarter loss

Lloyds shares down on PPI claims

Aquarius Platinum adds 7 percent amid mostly lower mining sector

01/07/05

Markets mostly gain on Friday

In Tokyo on Friday, the Nikkei 225 rose 0.4 percent to 11,630.13, while the Topix advanced by 0.39 percent to 1,181.80, aided by better-than-expected corporate sentiment.

Export-dependent companies gained value on the weakness of the yen.

In other equities markets, results were either positive or neutral for the day and mostly up for the quarter and the first half of the year.

The one exception was the S&P 500 in New York, which finished the day up 0.3 percent at 1,194.44 and up 0.2 percent for the week, but down 0.9 percent for the second quarter.

In other New York indexes, the Dow Jones Industrial Average was up 0.3 percent for the day to close at 10,303.44, but it’s weekly gain just 0.1 percent, while it was up 2.2 percent in the second quarter.

The Nasdaq was unchanged at 2,057.37 on Friday, but gained 0.2 percent for the week and 2.9 percent in the second quarter.

In Europe, the FTSE Eurofirst 300 advanced 0.7 percent on Friday to close at 1,149.75 while gaining 4 percent in the second quarter and 9.6 percent in the first half of the year.

The telecommunications sector was up, but technology stocks were mixed. Meanwhile in London, the FTSE 100 gained 1.6 percent this week to 5,161.0, it’s highest level since May of 2002. It was up 6.2 for the first half of the year.

The FTSE 250, meanwhile, closed at an all-time high of 7,446.2 on Friday, a gain of 1.6 percent for the week. The week’s advances in London were driven by the telecommunications and oil sectors.

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