16/12/13 Market Movements
The FTSE 100 closed up 82.24 points 6.522.20 as the FTSE 100 started recovering after last weeks biggest weekly decline since late June. Last weeks losses resulted in the relative strength index (RSI) falling below 30 which indicates the market is oversold.
The bounce back was helped by a rally in the Aggreko share price, after the announcement that its full-year results would beat analysts’ expectations. Aggreko (who will provide temporary power for next year’s football World Cup) saw their share price rise 8.5 % off the back of this news.