StockMarketWire.com - A rally in the mining sector kept the FTSE 100's gains going, closing 0.4% higher at 7,603.

Brent crude oil was stable at $78.19 per barrel and copper slumped 2.7% to $2.83 per pound. Gold was up 0.1% at $1,253 per ounce.

Following the 4 July celebrations, Wall Street enjoyed a strong performance with the Dow Jones leading the way, up 0.6% at 24,322 around 4:45pm UK time.

MID AND LARGE CAP RISERS AND FALLERS

Fashion retailer Superdry (SDRY) declared a special divided of 25p per share following double-digit growth in annual revenue and underlying pre-tax profit. Shares in Superdry rallied 6.3% to £12.43.

Primark owner Associated British Foods (ABF) fell 4.1% to £26.04 after warning sales and profitability in its sugar division in the year to 30 September 2018 and 2019 are anticipated to be lower than anticipated.

Cyber security firm Sophos (SOPH) suffered an 21% drop to 486.6p as the market was concerned that a slowdown in billings will continue into the second quarter and potentially hit full year trading.

Disruptive estate agent Purplebricks (PURP) doubled sales in the year to 30 April and revealed sharp hike in operating losses from £5m to £21.3m. The stock was flat at 318.8p.

UK housebuilder Persimmon (PSN) was broadly unmoved at £24.75 despite rising sales thanks to better average selling prices and house sales. Its peer Bovis Homes (BVS) which reported a significant step up in first half profit was down 2.1% at £10.98.

Miner Glencore (GLEN) reported it will complete a $1bn share buyback programme through to the end of the year, helping the stock strengthen 2.4% to 327.1p.

SMALL CAP RISERS AND FALLERS

Sinclair Pharma (SPH) soared 23% to 22.5p on a takeover approach from China Grand Enterprises and its affiliate company Huadong Medicine.

According to reports, an activist shareholder at Premier Foods (PFD) has encouraged the owner of Mr Kipling and Bisto products to sell its Bachelors Soup brand to improve the business. Shares in the company advanced 0.7% to 40.3p.

Wastewater treatment company Modern Water (MWG) entered a proposed joint venture with Hangzhou Shangtuo Environmental Technology and announced Sunup agreed to subscribe £550,000 for new shares. The stock soared 56% to 13.5p.

Shares in telecom services provider Toople (TOOP) sparked 21.5% higher to 0.8p after sealing two new contracts, which are expected to be material for monthly sales growth.

Boxhill Technologies (BOX) experienced a 'substantial decline' in certain payment processing revenues during May and June, triggering a 39.4% drop to 0.05p.

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