FTSE 100 movers: China growth boosts miners

9th Jun 2010 14:19

Positive economic news in China has pushed up most of the miners in the Footsie. Metals prices are higher on news that China's exports in May were 50% higher than one year earlier. Fresnillo, Kazakhmys, Xstrata and Vedanta are all higher but a fall in the gold price has knocked Randgold Resources. Large oil companies remain out of favour. BP is still falling following the attack on chief executive Tony Hayward by US president Barack Obama yesterday. Norway's temporary ban on North Sea drilling has hit sector peer Royal Dutch Shell.The fallers include two companies that have gone ex-dividend. Although Johnson Matthey and Cable & Wireless Worldwide are down on the day neither has fallen as much as their dividend. Johnson Matthey went ex a 27.9p a share dividend, while Cable & Wireless Worldwide is paying out a 3p a share dividend but the shares have fallen by less than 1p each. FTSE 100 - RisersKazakhmys (KAZ) 1,103.00p +4.15%Fresnillo (FRES) 977.50p +4.10%Xstrata (XTA) 953.40p +3.08%Vedanta Resources (VED) 2,151.00p +2.92%Petrofac Ltd. (PFC) 1,208.00p +2.90%InterContinental Hotels Group (IHG) 1,095.00p +2.62%Lloyds Banking Group (LLOY) 52.95p +2.30%Rio Tinto (RIO) 3,130.00p +2.22%Autonomy Corporation (AU.) 1,807.00p +2.21%Investec (INVP) 478.30p +2.20%FTSE 100 - FallersBP (BP.) 386.05p -5.59%Johnson Matthey (JMAT) 1,471.00p -1.47%Royal Dutch Shell 'B' (RDSB) 1,688.50p -1.17%National Grid (NG.) 479.00p -1.11%Royal Dutch Shell 'A' (RDSA) 1,761.00p -1.07%London Stock Exchange Group (LSE) 593.50p -0.84%Centrica (CNA) 275.40p -0.69%Randgold Resources (RRS) 6,060.00p -0.49%British American Tobacco (BATS) 2,139.00p -0.47%Cable & Wireless Worldwide (CW.) 82.70p -0.42%