Centamin biggest winner in FTSE 350
Egypt-focused gold mining company Centamin was the FTSE 350's biggest winner at the close of trading on Monday having risen by 9.9 per cent to 54.90p per share.
Egypt-focused gold mining company Centamin was the FTSE 350's biggest winner at the close of trading on Monday having risen by 9.9 per cent to 54.90p per share.
The sudden rise in the share price may be partially related to political events that unfolded over the weekend and early hours of this morning.
On Saturday, Egyptian President Mohammed Morsi rescinded his Presidential decree but remained firm on going ahead with a referendum towards year-end.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
On Monday, the BBC reported that he had ordered the military to maintain security and protect state institutions in the run-up to a referendum on a new constitution.
In the last two months, the stock has fallen by over 55% from its highest value of 107.30p in mid-October to a 52-week low of 49.95p.
MF
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yet
The chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry