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FTSE 100 rebounds as housebuilders gain, new virus cases drop

Published 19/02/2020, 09:26
© Reuters.  FTSE 100 rebounds as housebuilders gain, new virus cases drop
UK100
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HSBA
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BP
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SHEL
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HOCM
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BDEV
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PSN
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TW
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FTMC
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FTNMX551030
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BKGH
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 up 0.7%, FTSE 250 up 0.3%

* Housebuilders up on bullish HSBC view

* Hochschild Mining leads midcaps

Feb 19 (Reuters) - London's FTSE 100 rebounded in tandem

with global markets on Wednesday as housebuilders advanced after

HSBC upgraded its view on the stocks ahead of a first batch of

results next week, while the number of new coronavirus cases in

China fell.

The FTSE 100 .FTSE added 0.7%, with Berkeley BKGH.L ,

Barratt BDEV.L , Taylor Wimpey TW.L and Persimmon PSN.L

rising between 1.4%-3%.

Miners .FTNMX1770 and oil stocks Shell RDSa.L and BP

BP.L boosted the index. HSBC HSBA.L also rebounded from a

more than 6% slide in the previous session when it reported

lower profit and laid out plans for a strategic overhaul.

The mid-cap FTSE 250 .FTMC gained 0.3%, led by a 6% jump

in Hochschild Mining HOCM.L after it reported 2019 results and

laid out targets for next year.

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