The FTSE 100 bounced back from yesterday's slump as pharmaceutical and utility stocks rose, climbing 0.8% to 6,803.
Blue chip housebuilders slumped by as much as 2.9% with Taylor Wimpey (TW.), Persimmon (PSN) and Berkeley (BKG) experiencing the biggest declines after McCarthy & Stone issued a disappointing update.
West Texas Intermediate (WTI) crude oil advanced 0.9% to $43.55 and Brent crude oil rallied 1% to 45.89 per barrel, respectively.
Gold nudged 0.2% lower at $1,309 per ounce and copper rose 0.4% to $4,585 per tonne.
The UK construction sector remained contracted at 49.2 in August, although this was up from July's 85-month low of 45.9 as the industry moved closer to stabilisation.
MID CAP RISERS AND FALLERS
Retirement property expert McCarthy & Stone (MCS) left investors cold after noting fewer reservations since the end of June and higher cancellation levels, the post-Brexit trading slowdown pushing its shares 10.5% lower to 187.5p.
Ibstock's (IBST) former private equity owner Bain Capital sold a 10% stake in the brick maker at 175p.
Transport operator Go-Ahead Group (GOG) accelerated 9% to £21.78 following bus passenger growth in the second half of the year and a record number of passengers for its rail division.
SMALL CAP RISERS AND FALLERS
A profit warning from payment group Eckoh (ECK) caused its share price to crash 27.5% to 35.5p. It was linked to pricing structure changes and cost over-runs on a large professional services project.
Online fashion retailer ASOS (ASC) said it will pay £20.2 million to settle trademark disputes with Swiss cycle wear maker Assos and German menswear retailer Anson's.
Digital radio technology provider Toumaz (TMZ) was chosen by Harman International to power its new Google Cast-enabled wireless home speaker, triggering a rise of 22.2% to 2.75p.
Trading Emissions (TRE) soared 26% after announcing the sale of a portion of its Italian solar portfolio for approximately €8.5 million.
Investors jumped ship following Lifeline Scientific's (LSIC) plans to merge with Shanghai Genext Medical Technology as the offer represented a 0.7% premium to last night's closing price. The company traded 7.1% lower.
Mobile marketing group Proxama (PROX) shot up 19% to 0.63p after being certified by Google as an approved service provider.
ESW Capital made made a takeover approach for Bond International (BDI) although there were no details provided. The recruitment software provider rose 5%.
Oil services group Thalassa (THAL) said it will invest £400,000 on tiny gold and copper explorer Papua Mining (PML), which perplexed investors, causing a fall of 6.4%