Market round up: BG Group shares settle following Shell takeover
The FTSE 100 remained relatively stationary on 9 April, with trading floating around the 7,000 mark before settling on 7,015.36 at the end of play – up by 1.1%% on the previous days' closure and a two-week high.
BG Group shares settled following the 26.53% rise in value on 8 April after the company announced it was being taken over by Royal Dutch Shell. Its stocks rose by just 0.15% to finish on 1,154.72.
However, the biggest winner of the day was Aberdeen Asset Management, which saw its shares rise by 4.23% over the course of the day to reach 485.00.
Royal Dutch Shell offset some of the damage of the previous day – in which it saw Class A and B shares plummet -5.32% and -8.56% respectively. Class A was up by 1.08% while Class B shares continued to dip, but at a much slower rate of 0.33%.
Connor Campbell, an analyst at Spreadex, was surprised to see the FTSE 100 continued to rise with the usual pre-election uncertainty seemingly having no influence on the market.
He said: "What is remarkable about the FTSE's current five-day run is that it is coming as the UK election looks more and more uncertain; instead of fleeing the FTSE, investors are showing a confidence in the UK index that is allowing it not to stray too far away from its landmark 7,000 level."
FTSE 100 biggest risers
Aberdeen Asset Management +19.70 (+4.23%) 485.00
CRH +57.00 (+3.25%) 1,809.00
Persimmon PLC +53.00 (+3.15%) 1,733.00
HSBC Holdings +17.00 (+2.90%) 604.00
Burberry Group +49.00 (+2.81%) 1,792.00
FTSE 100 biggest fallers
Aggreko -52.00 (-3.26%) 1,543.00
Standard Life -8.60 (-1.78%) 473.80
Shire -65.00 (-1.19%) 5,420.00
BHP Billiton -16.00 (-1.09%) 1,453.00
Intertek Group -15.00 (-0.58%) 2,585.00
AIM biggest risers
UK Oil & Gas +1.87 (+169.23%) 2.98
Alba Mineral Resources +0.46 (+129.17%) 0.82
Stallion Resources +0.03 (+54.55%) 0.08
Doriemus +0.04 (+54.55%) 0.13
Stellar Resources +0.20 (+47.06%) 0.62
AIM biggest fallers
Kolar Gold -0.62 (-25.00%) 1.88
Armadale Capital 0.00 (-16.67%) 0.02
Alecto Minerals -0.02 (-15.62%) 0.14
Macromac -4.00 (-14.55%) 23.50
CEB Resources -0.02 (-12.90%) 0.14
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