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    October 11, 2007

    Commodities-related companies higher on session

    Filed under: Companies, Northern Rock, BG Group, Tullow Oil, Aquarius Platinum, Randgold, Vedanta Resources, Bellway, Bovis Homes Group, Persimmon, Barratt Developments, Hunting, Redrow, Taylor Wimpey

    In London on Thursday, the FTSE 100 was 1.38 percent higher to 6,724.5 while the FTSE 250 gained 0.96 percent to 11,622.9.

    Commodities-related shares were higher on the session.

    Vedanta Resources (LSE: VED) had the best day on the 100 as it added 5.8 percent to £23.17, while oil refiner and distributor Hunting (LSE: HTG) was the best performer on the 250 with a gain of 10.28 percent to 783p.

    Elsewhere among miners, gold miner Randgold (LSE: RSS; NAS: GOLD) was 7.43 percent higher to £17.35 and Aquarius Platinum (LSE: AQP; ASX: AQP; JSE: AQP) jumped 9.42 percent to £18.47.

    Back in the oil sector, Tullow Oil (LSE: TLW; OTC: TUWLY) was up 4.68 percent to 626.5p, while BG Group (LSE: BG; NYSE: BG) added 4.74 percent to 883p.

    Among banks, Northern Rock (LSE: NRK) slipped again, dropping 5.67 percent to 258p for the worst performance of the session on the 100.

    Meanwhile, the house building sector and property developers had a bad day after the Royal Institution of Chartered Surveyors reported that house prices were lower in the UK again in September.

    Bovis Homes (LSE: BVS) was down 2.56 percent to 684p and Bellway (LSE: BWY) dropped 2.89 percent to £10.76.

    Barratt Developments (LSE: BDEV) was 3.54 percent lower to 722p, Persimmon (LSE: PSN) fell 4.02 percent to £10.03 and Redrow (LSE: RDW) was down 4.31 percent to 388.5p.

    Taylor Wimpey (LSE: TW) fell 4.28 percent to 290.75p.





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