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FTSE bounces as investors snap up bargains
Muhammad Iqbal
21 Jun, 2013
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![](https://i.brecorder.com/images/2013/06/ftse-share.jpg">LONDON: Britain's top share index recouped some of the previous session's losses on Friday as investors looked for bargains among some of the safer stocks and some positive chart signals lured technical traders.</P><P class=MsoNormal>The FTSE 100 was up 55.26 points, or 0.9 percent, to 6,214.77 by 1049 GMT.</P><P class=MsoNormal>It had shed 189 points in its worst session in 1-1/2 years on Thursday, spooked by news that the US Federal Reserve was planning to scale back its asset purchase programme, which has helped drive a 30 percent rally in the FTSE in the year to May.</P><P class=MsoNormal>Food and beverages multinational groups SAB Miller and Diageo, which offer relatively resilient earnings and tend to outperform falling markets, gained 3 percent and 2.5 percent in volume, already higher than their full-session average for the past 90 days.</P><P class=MsoNormal>)