London: Stock market rebounds to new record peak
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON]The British stock market finished 2016 with a bang on Friday, rebounding to a new record closing high in shortened holiday trade.
London's FTSE 100 index of top companies, which spent most of the half-day session in negative territory, experienced a last-gasp jump to finish 0.32 per cent higher at 7,142.83 points.
The market, which has struck a series of record peaks this week, shut up shop at 1230 GMT.
London stocks often climb during thin trading between the Christmas and New Year holidays in an phenomenon called a "Santa rally".
AFP
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
