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SHARE WATCH: Construction shares rise after China economy boost

The construction industry’s publicly listed firms saw their share price boosted today after China unveiled measures to stimulate its economy.

The FTSE 350 Construction and Materials index went up 5.15 per cent to 3,060 while the FTSE 350 Support Services rose 2.5 per cent to 2,745.

The FTSE 100 went up 3.2 per cent to 4,504 with most markets rising after the Chinese Government yesterday announced a £370 billion economic stimulus package.

Babcock International was the biggest construction industry riser this morning, up 8.3 per cent to 417 pence a share.

Oakdene Homes saw the largest falls, dropping 11.3 per cent to just 10.2 pence a share.