New five-year high for FTSE 100

<p>The FTSE 100 hit a new five-year high this week.</p>

The recent gains of the FTSE 100 have continued and the index has reached a new five-year high in this week's trading.

Miners in particular helped to force the index to its highest point since the start of the global recession in 2007.

Kazakhmys was up six per cent to lead the index and fellow miners Rio Tinto and Fresnillo also performed notably, reports City AM.

"We've seen a lot of interest in Antofagasta after it doubled its dividend payout and that's helping boost the mining sector as a whole," Michael Hewson, analyst at CMC Markets, said.

The FTSE 100 closed the day's trading yesterday (March 12th) at 6.99 points higher, up 0.1 per cent at 6,510.62, which is the index’s highest close since 2007.

But at 08:20 GMT this morning, it was down 37.82 points – or 0.58 per cent – and stood at 6,472.80.

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