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FTSE 100 gains in trading today

23rd January 2012

Shares on the UK's blue chip index have risen by 0.66 per cent in trading so far today (January 23rd) after investors showed renewed optimism that the crisis seen in the eurozone could be tackled at last.

The FTSE 100 rose to 5766.35 by midday, with Essar Energy, Vedanta Resources and BP and among the shares which made the largest gains.

David Jones, chief market strategist at IG Index, told the Daily Telegraph: "In mid-morning trade the FTSE has pushed slightly higher.

"It's another positive, if unexciting, start to the week so far with the FTSE just scraping into double digit gains."

Last week, Stock Market Wire reported the FTSE 100 fell slightly on Friday as a result of weakness in the mining sector.

However, the losses could have been worse as continuing strength in the banking sector helped to offset any serious losses. Overall, the market improved by 1.6 per cent.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.