Anglo American shares surge, briefly post record daily gain
LONDON, Feb 4 (Reuters) - Shares (Berlin: DI6.BE - news) in diversified miner Anglo American briefly posted their biggest ever one-day percentage gain on Thursday, with other mining stocks also climbing on the back of firmer metals prices and a fall in the dollar.
Anglo American (LSE: AAL.L - news) shares at one point rose as much as 25.2 percent to a session high of 342.70 pence, before easing back slightly to stand 24.5 percent higher at 340.85 pence by 1537 GMT.
The stock's previous biggest one-day gain was a 22.8 percent rise in November 2008.
Other mining stocks also jumped higher, boosted by stronger metals prices and a fall in the value of the U.S (Other OTC: UBGXF - news) . dollar which made dollar-denominated commodities such as oil and metals more affordable for holders of other currencies.
Antofagasta (Other OTC: ANFGF - news) was up 15.9 percent, Glencore (Amsterdam: GX8.AS - news) rose 14.6 percent, while Rio Tinto (LSE: RIO.L - news) gained 11.5 percent.
Anglo American was the best-performing stock on both Britain's FTSE 100 and on the pan-European STOXX 600 index. (Reporting by Sudip Kar-Gupta; Editing by Atul Prakash)