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City opens with hesitant trade

London traders faced a jumpy session on the markets today after last night's London and Wall Street wipeout.

The FTSE-100 Index rose 68.4 points to 3963.9 but traders reported continued hesitancy among investors to buy into shares.

The Footsie fell 202.8 points yesterday, marking a five per cent slide on the day. It has now lost more than 25 per cent in five months, wiping hundreds of billions of pounds' value from pension funds and other stock market investments.

Dealers were expected to wait for Wall Street's opening at lunchtime before making any big trades.

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