UK stocks : FTSE 100 closes up 0.3 pct
"Economic torpor in much of the world and competitive insurance rates globally mean that RSA will struggle to grow its top line, we believe," Investec analysts wrote in a research note, keeping a "sell" rating on RSA.
Drinks-can maker Rexam surged 5.3 percent to top the FTSE 100 after posting higher profits and raising its dividend, with Bank of America Merrill Lynch analysts keeping a "buy" rating on the stock.
Darren Easton, director of trading at Logic Investments, said there were signs the FTSE's strong start to 2013 was fading slightly.
The market has risen 8 percent since the start of 2013, against a 5.8 percent gain in the whole of 2012.
"It does feel tempting to call the top of the market here," Easton said.
Securequity sales trader Jawaid Afsar said he would look to book profits on the rally by "shorting" the market, namely taking out bets on future falls.
"If the market continues to go higher, I would be looking for opportunities to 'short' the market," he said.
Be the first to comment.