UK stocks : FTSE 100 drops 0.2 pct

Feb 19 2013, 01:53 IST
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At the close FTSE 100 was down by 10.07 points at 6,318.19 points. (Reuters) At the close FTSE 100 was down by 10.07 points at 6,318.19 points. (Reuters)
SummaryAt the close FTSE 100 was down by 10.07 points at 6,318.19 points.

did not test support at the 6,300 level, indicating that there was still good underlying strength in the index.

After the best January since 1989, the FTSE has traded sideways this month, dipping below 6,300 for over a week in early February. The index has held up above that level since it passed it again last Tuesday.

"The recent rally has faded, and we've seen a consolidation, although the FTSE has stayed fairly strong," Sokou said.

"It's good that we're back above 6,300 and have held that."

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