FTSE 100 Hits Five-Year High

WEDNESDAY MARKET UPDATE: Shares in Tullow Oil rallied strongly, which helped the FTSE 100 power ahead to its highest point yet for 2013

Alanna Petroff 13 February, 2013 | 7:11PM
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The benchmark FTSE 100 index was testing levels not seen since 2008, and the FTSE 250 index was also powering forward on Wednesday.

The large-cap FTSE 100 index moved up by 21 points, or 0.3%, to close the day at 6,359. The FTSE 250 index rallied by 127 points, or 0.9%, to close at 13,603.

The main large-cap stock that was rallying ahead was Tullow Oil (TLW). Shares in the energy exploration group were up by nearly 7% after it reported full-year results that were in line with market expectations.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Tullow Oil PLC64.24 GBX4.29

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

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