FTSE 100 Movers: Miners bounce back

27th Sep 2011 14:41

Fresnillo was heading north after broker Citi raised its rating on the silver miner to "hold" from "sell". The move was prompted by the firm's unusual price fall lately, in line with a decline in the broader precious metals market. Fresnillo wasn't the only miner on the up; Vedanta, Antofagasta, Kazakhmys, Xstrata and Eurasian Natural Resources were all in the top 10 after hopes were raised that the Eurozone would come to a decision which would combat the region's debt crisis. Investors are hoping that the removal of uncertainty about the future of the region would encourage industry to increase investment and production. FTSE 100 - RisersVedanta Resources (VED) 1,184.00p +10.65%Antofagasta (ANTO) 1,046.00p +10.11%Fresnillo (FRES) 1,663.00p +9.12%Kazakhmys (KAZ) 852.50p +9.02%Xstrata (XTA) 886.90p +8.16%Eurasian Natural Resources Corp. (ENRC) 593.50p +7.91%Essar Energy (ESSR) 263.60p +7.59%Barclays (BARC) 165.80p +6.28%Hargreaves Lansdown (HL.) 465.10p +6.09%BHP Billiton (BLT) 1,851.50p +5.98%NR