May 30 (Reuters) – Britain’s stocks rose on Thursday, with the FTSE 100 snapping a six-day losing streak as Auto Trader hit a record high after a profit-beating update, while declines in resources shares countered some gains.
The blue-chip FTSE 100 index (.FTSE), opens new tab closed 0.6% higher, while the mid-cap FTSE 250 (.FTMC), opens new tab jumped 1.2%, its best day in over three weeks.
Most major sectors ended the day higher, led by the personal goods sector (.FTNMX402040), opens new tab, which rose 3.0%, followed by a 2.5% rise in real estate investment trusts (.FTNMX351020), opens new tab.
Energy shares (.FTNMX601010), opens new tab dipped 0.3%, however, tracking a fall oil prices.
“When you look at the last couple of days, (the indexes were) falling very sharply as yields rose. But this morning, the yield started to come back off those highs, and we have a slight recovery in the FTSE 100,” said Axel Rudolph, senior market…
