Boosted By Banking Stocks, FTSE100 Index Pushes Higher After Holiday

FTSE100 index reopened after closing for holiday on Monday, and left a wide gap up following two weeks of declines.

Stocks from banking sector led gainers, with HSBC Holdings climbing 2.1%, Lloyd Banking Group PLCs adding 1.34%. Shares of Bunzl rallied 1.45% after the business supplies distributor reported an increase in revenue and operating margin in its first half of 2016. Meanwhile, building material firm CRH, which reported better-than-expected half-year results last week, extended gains by surging more 2.01%.

Mining companies are among worst performers with Rio Tinto dropping by 3.61%, Randgold Resources Ltd. dipping 3.78% and Glencore Plc falling more than 3 percent as commodities declined on the face of a strengthening dollar.

Trade suggestion

Buy Stop at 6844.00, take profit at 6856.35, stop loss at 6835.70

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