FTSE 100 movers: Glencore leads the way again

The FTSE 100 was unaffected by England’s Rugby World Cup loss despite analyst predictions last week, with it sitting at 6,282.02 mid-afternoon on Monday, rising 152.04 points (2.48%).

Glencore led the risers again and crossed the 100p threshold after a disastrous week. It followed a rise of nearly 18% in the Hong Kong markets amid reports of healthy interest in its agricultural business. Singapore´s sovereign wealth fund, Japanese trading house Mitsui&Co. and a Canadian pension fund were among the parties who had expressed an interest in the unit, Bloomberg reported.

Bolstering the stock further, the Sunday Telegraph reported that Glencore would listen to offers for a takeover of the entire company but its management does not believe there are any buyers willing to pay a fair value for the business in the current market.

Despite analysis from Bernstein that Standard Chartered has the greatest exposure to commodity traders among European banks, shares rose substantially. The report said Standard Chartered $1.9bn of syndicated loans including over $1bn of loans and credit lines to oil trader Trafigura.

However Bernstein did maintain its outperform rating for the bank and set a target price of 1,200p which will have helped push the stock.

And a general rise in natural resource prices, including oil, advanced Royal Dutch Shell A and B as well as BP.

Risers

Glencore (GLEN) 108.10p +13.79%

Standard Chartered (STAN) 696.30p +4.44%

St James's Place (STJ) 895.00p +4.43%

Royal Dutch Shell 'A' (RDSA) 1,676.00p +4.23%

Royal Dutch Shell 'B' (RDSB) 1,686.50p +3.98%

Prudential (PRU) 1,476.50p +3.87%

BP (BP.) 364.95p +3.84%

Aberdeen Asset Management (ADN) 317.90p +3.72%

Mondi (MNDI) 1,437.00p +3.68%

Antofagasta (ANTO) 527.50p +3.53%

Fallers

National Grid (NG.) 930.00p -0.21%