StockMarketWire.com - The FTSE 100 was on a one-month high as voters flocked to the UK's polling stations to decide whether the country should remain part of the EU.

The FTSE 100 climbed 1.5% higher to 6,356.13 and the FTSE 250 advanced 1.8% to 17,354.59.

Banks, housebuilders, asset managers and tour operators were among the sectors enjoying a rally as the market appeared to favour a 'remain' outcome with the Brexit vote.

Sterling was at its highest point this year and commodity prices were up.

West Texas Intermediate (WTI) crude oil rose 1.6% to $49.94 and Brent crude oil was up 1.9% to $50.82 per barrel, respectively.

MAIN NEWS OF THE DAY

Supermarket Tesco (TSCO) rose 2.4% after reporting growth in first quarter like-for-like sales and the sale of its coffee shops chain Harris + Hoole to Caffe Nero.

MID CAP RISERS AND FALLERS

The market warmed to European packaging firm DS Smith's (SMDS) higher pre-tax profit through organic growth and acquisitions, boosting shares 7% to 414.2p.

A business unit of engineer Meggitt (MGGT) won a five-year contract worth up to $21 million for a two-place seat canopy actuator on the F16 Fighting Falcon multi-role fighter aircraft, nudging it higher to 396.9p.

Scottish engineer Weir (WEIR) said it would sell two renewables-focused operations for up to £36.7 million, but this failed to make waves as it nudged higher to 1,357p.

Store payment services provider Paypoint (PAY) advanced 3% to 1,044.5p after significantly hiking its final dividend to 28.2p, despite posting lower pre-tax profit and revenue.

SMALL CAP RISERS AND FALLERS

Clontarf Energy (CLON) soared 124% to 0.69p after Ghana's Ministry of Petroleum approved the start of negotiations over the Lukoil B offshore block.

Technology solutions provider Stadium (SDM) issued a profit warning after losing a significant wireless customer. Shares plummeted 28.2% to 78.9p.

Irish oil and gas company Providence Resources (PVR) and its partner Sosina Exploration were offered a licensing option for an area in the Porcupine Basin, offshore Ireland, boosting Providence 2% to 12.2p.

The market liked Versarien's (VRS) deal with CT Engineering to develop novel graphene enhanced composite components for the aerospace industry, pushing Versarien 5% higher to 13.4p.

James Latham (LTHM) reported increased revenue as a result of higher volumes both in the ex-warehouse and direct business, gaining 4.5% to 682p.

Africa-focused agricultural company Agriterra (AGTA) started to destock cattle as a safeguard measure due to political unrest in the area around its operations in central Mozambique, triggering a 31.2% share price drop to 0.16p.


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