You are here: Home - Saving & Banking - News -

April stocks surge boosts investors

Written by:

Investors benefited from a rise in oil and mining stocks in April that pushed up the FTSE 100 Index by 2.5%.

The latest StockWatch report from Halifax Financial Services showed that the total return of the FTSE 250 rose 1.8%, while the FTSE All Share gained 2.4%.

During the month the FTSE 250 index broke through the 10,000 barrier for the first time as oil stocks made strong gains, although the index ended the month below this psychologically significant level.

The best performing sectors in April were mining and oil and gas equipment and Services, which both delivered a gain in total shareholder returns of 9%, followed by oil and gas producers at 8%.

John Bearman, head of UK equities, said: “April saw investors enjoy strong gains, with the FTSE All Share delivering an above average gain of 2.4% over the month. Currently, bid speculation along with mining and oil stocks seem to be the main drivers of the markets. Also, a strong demand for raw materials from emerging economies helped push the FTSE 250 index above the 10,000 level for the first time.”



Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Lack of knowledge hurts Brits health

Brits need to learn about the importance of key health indicators to protect their wellbeing, insurers have warned.