STOCKS NEWS EUROPE-UK's Prudential boosted by AIA gains -traders

British insurer Prudential Plc (LSE: PRU.L - news) rises to the top of the
UK's FTSE 100 blue-chip stock market, which traders attribute to a
positive readacross from a rise in business at Asian rival AIA Group.

AIA reports overnight record quarterly results, adding that the value of its
new business in the third quarter rose by 26 percent.

Traders say this augurs well for Prudential since Prudential also conducts
large amounts of its business in Asia, where Prudential also has a listing on
the Hong Kong Stock Exchange.

"Pru's got exposure over there, that's why Pru's benefiting," says Hartmann
Capital (OTC BB: CGHC - news) trader Basil Petrides.

Prudential shares are up by 3.3 percent to 1,254 pence in early session
trade, adding the most points to the FTSE 100, which is up by 0.4 percent.

Trading volumes in the stock come in at 19 percent of their average 90-day
amount - above those for the FTSE 100 where volumes stand at 8 percent of the
average 90-day amount.

Prudential also features on the leaderboard of the pan-European FTSEurofirst
300 index and enables the STOXX Europe 600 Insurance Index to
rise by 0.9 percent to a new 2013 high of 215.64 points.

"I'm an aggressive buyer of Pru on the dips. I can see it going up to 1,350
or 14 pounds by early next year," adds Petrides.

Reuters messaging rm://sudip.kargupta.thomsonreuters.com@reuters.net

Source: http://news.yahoo.com/stocks-news-europe-uks-prudential-075456280.html
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