At the close: FTSE 100 index closes up as oil companies and miners make gains
The FTSE 100 index maintained gains today to close up after the price of oil rose and a dead cat bounce from miners.
The UK's top blue-chip index shut 0.8 per cent higher at 6,083 points, led higher by a number of mining and oil companies.
Anglo American closed 5.7 per cent up at 296.5p per share, while Antofagasta rose 4.66 per cent to 445p per share. Glencore and Fresnillo jumped 3.36 per cent to 85.84p per share and 2.68 per cent to 689.5p per share respectively.
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BHP Billiton also rose 1.58 per cent to 728p per share and Rio Tinto was 1.91 per cent up to 1,898.5p per share.
Good performance in the "mining sector was enough to keep the FTSE 100 in the green on Tuesday after China’s CSI 300 benchmark index rose to a four month high and metal prices held off multi-year lows," said Jasper Lawler, analyst at CMC Markets.
Meanwhile, Royal Dutch Shell B's share price rose 2.93 per cent to 1,493p per share, while BP's stock rose 2.91 per cent to 344.95p per share. BG Group's share price rose 3.32 per cent to 929.7p per share.
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"Improved sentiment towards China helped make Asian-focused Aberdeen Asset Management and Standard Chartered shares top risers on the UK benchmark outside of the commodities space," Lawler added.
Standard Chartered's share price increased 2.08 per cent to 560.4p per share, and Aberdeen Asset Management's stock rose 1.72 per cent to 289.8p per share.
However, amid the buoyancy, ITV shares fell as Comcast said there had been no talks about a possible takeover. ITV's share price fell 0.99 per cent to 268.8p per share.