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SHARE WATCH: Construction firms enjoy best share day in weeks

Publicly listed construction firms had their first positive day on the stock market this week on the back of big rises in oil and bank shares.

Nearly all the industry’s listed firms saw rises in early trading with the FTSE 350 Construction and Materials index up 2.9 per cent to 2,924 at lunchtime.

The FTSE 350 support services index was up 2.3 per cent to 2,462 while the FTSE 100 clawed back nearer to the 4,000 mark rising 0.9 per cent to 3,909 points.

The morning’s big risers included Galliford Try, up 8 per cent to 30.5 pence a share, plant hire firm Aggreko rose 7 per cent to 397 pence a share and building materials firm Wolseley went up 4 per cent to 271 pence a share.

Ennstone’s misery continued with a drop of 7 per cent. The firm has now seen its share value drop 65 per cent over the past three days.