Friday, June 21, 2013

Reuters: Hot Stocks: Britain's FTSE finds buyers after worst day in 1-1/2 yrs

Reuters: Hot Stocks
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Britain's FTSE finds buyers after worst day in 1-1/2 yrs
Jun 21st 2013, 07:05

LONDON, June 21 | Fri Jun 21, 2013 3:05am EDT

LONDON, June 21 (Reuters) - Britain's FTSE 100 index edged higher on Friday, with some investors seeing cheap buying opportunities after the market's biggest one-day drop in 1-1/2 years, and with technical charts offering some support.

The FTSE 100 was up 10.27 points, or 0.2 percent, by 0701 GMT, edging up from five-month lows hit the previous session and holding above its 200-day moving average.

The British benchmark dropped 3 percent on Thursday, its worst daily showing since September 2011, spooked by news that the U.S. Federal Reserve was planning to scale back its equity-friendly stimulus programme in coming months. (Reporting By Toni Vorobyova, editing by Atul Prakash)

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