FTSE above 6,300 as miners offset falling financials

Stockmarket FTSE 450

The FTSE 100 closed over the 6,300 mark for the first time in 4.5 years, after rising mining stocks offset weaker performance from banks and led the blue-chip index higher.

Tuesday’ session came to an end with the FTSE 100 at 6,339.19 – up 44.78 points or 0.71 per cent. Other indices across the globe, including the US’ S&P 500, Europe’s Euro Stoxx 50 and Japan’s Nikkei 225, posted gains.

Anglo American was the strongest riser of the day, as the  diversified mining and natural resource group advanced 3.04 per cent to 1,929.5 points. Fellow resources names Kazakhmys, Evraz and Rio Tinto also led the index’s gains, as did utility stock SSE.

Financials, on the other hand, fell with Royal Bank of Scotland, Lloyds and Aberdeen Asset Management ending the session down. Aggreko and BT Group also saw losses at the session’s close.