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FTSE100 ends higher for third day in row after US jobs number

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FTSE100 closed the trading week around 13 up at 6,571.

US jobs data that showed the number of positions created last month was much lower than had been forecast failed to dent sentiment in London, which rose for the third day in a row.

The biggest gaimner was house builer Persimmon (LON:PSN), which added 3.4%. 

BG Group (LON:BG.) was the biggest loser - down 3.1% to 1,053p.

Meanwhile, FTSE AIM 100 was also postive - up over 25 points, at 3,933.

In small cap world one of the biggest gainers was contractor Greka Drilling (LON:GDL) after it said it knew of no reason for the recent share price slide.

Shares rose 20% after the company repeated its comments from January that it had 180 drillable wells with blue chip customers in China and India confirmed for 2014 with an estimated total value of US$97mln.

Elsewhere in the energy sector, Independent Oil & Gas (LON:IOG) surged almost 21% after it said it would not now move to take over operations at its jointly-owned Skipper project in the North Sea.

IOG says it continues to support ATP as the operator of the Skipper and Blythe projects. 

Previously the AIM quoted firm had considered taking operational control, to try and drill the Skipper well in the summer’s ‘good weather window’. 

It now believes a change of operator won’t be necessary.

A general feeling that Argentina is set to come in from the cold as an investment destination was given further impetus by a major breakthrough in the Vaca Muerta shale by Andes Energia (LON:AEN). Its shares surged over 18% on Friday.

Elsewhere, Top Level Domain Holdings (LON:TLDH) rose 3.57% after the number of uncontested top level domains in which it has an interest rose by one to 25.

This was following a decision by The International Chamber of Commerce to make the International Rugby Board (IRB) the sole applicant for the top level domain .RUGBY; TLDH and Roar Domains LLC are the IRB's joint venture partners for the .RUGBY domain.

Magnolia Petroleum (LON:MAGP) gained 5.81% as it is set for strong production growth, as it goes ahead with more drilling.

The company has received a large number of proposals from operators - including Devon Energy, Newfield and Chesapeake - to drill high density or infill wells.

It has now decided to participate in nine such wells since the start of January, and applications for twelve more have been filed as well.

Magnolia also said it would have an above average - about 3% - involvement in these wells.

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