* FTSE 100 rises 0.2%, FTSE 250 up 0.4%
* Halma top gainer on main index
* easyJet glides higher after FY report
* LED maker Dialight tanks after profit alert (Adds news items, analyst comment, updates to closing prices)
By Muvija M and Shashwat Awasthi
Nov 19 (Reuters) - London's FTSE 100 shed most of its earlier gains but still managed to close higher on Tuesday, as sentiment was supported by a surge in safety equipment maker Halma and hopes of more stimulus from economic powerhouse China.
Continuing optimism after polls showed Conservatives in the lead ahead of a December snap election helped domestic stocks outperform. The FTSE 250 .FTMC , which had jumped over 1% earlier, ended with a 0.4% gain, still hovering at a 14-month high.
Markets are viewing a prospective Tory victory as a positive on hopes that Prime Minister Boris Johnson, with a majority in parliament, will be able to reduce uncertainty by delivering Brexit on or before the Jan. 31 deadline.
On the Sino-U.S. trade front, a CNBC report on Monday termed Beijing's mood about a deal as "pessimistic". This was followed by Washington granting a 90-day extension allowing U.S. firms to continue doing business with China's Huawei. a plethora of conflicting headlines on where talks stand and how much progress has been made, traders are still awaiting concrete details before making further bets.
"Traders have failed to get excited today as the trade spat seems to have reached a standstill," CMC Markets analyst David Madden wrote.
Among mid-caps, Puretech Health PRTC.L led gains as it soared 16.5%, a day after a schizophrenia drug from its affiliate Karuna Therapeutics KRTX.O met the main goal in mid-stage trial. was complemented by a 5.3% rise in budget airline easyJet EZJ.L after it posted annual profit toward the top end of its expectations. The carrier also announced its intention to operate net-zero carbon flights across its network. headwinds from fuel are set to continue, the outlook is for a more supportive unit revenue environment," Liberum analysts wrote.
Small-cap lights manufacturer Dialight DIAL.L plunged almost 20% to its lowest in nearly a decade as the ongoing U.S.-China trade war forced it to warn on profits.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.