Trades and observations from a British contrarian stock investor

This blog is not intended to give financial advice. Before investing, do your own research and consult your financial adviser if appropriate. The accuracy of any information included is not guaranteed and may be subject to conjecture or interpretation by Contrarian Investor. Therefore visitors should validate all facts using alternative sources where possible.

Wednesday, February 2, 2011

FTSE back to 6,000 mark on manufacturing data

The FTSE 100 closed up 42 points at 6,000 after U.K. manufacturing data proved particularly strong and positive corporate results from constituent Imperial Tobacco (IMT) which ended up 6% after its sales for the final quarter of 2010 were up 5%. Strength in commodity stocks also helped the index. The U.S. market is relatively stable, with the DOW up 11 points at 12,051.

On the Contrarian Investor UK portfolio front its been a stable but uninteresting day. Every stock finished up, but by relatively small percentages. Interesting that Rockhopper (RKH) finished in positive territory after a sell off this morning and Xcite had some relatively big buys at the close. By generally nothing much to report. Hopefully some good RNS's to get my teeth stuck into tomorrow! Sorry to readers that there's nothing earth shattering to write about.

No comments:

Post a Comment