Investors turn to cyclicals - Telegraph "Equities still offer better value overall than bonds," said Abi Oladimeji, head of investment strategy at Thomas Miller Investment, adding that over a longer period (beyond three to six months), cyclicals are better value given that defensives have done so well. Low-cost airline easyJet and British Airways" parent company International Airlines Group flew into second and third place respectively on the biggest risers list, driven by a fall in the price of aviation fuel in Europe to its lowest level for this time of year since 2010. The cost of fuel has fallen 23pc this year on lower demand as airlines operate fewer flights but ensure the aircraft that do take-off are fuller as the eurozone recession continues to deter consumers from taking to the skies. EasyJet rose 50p, or 4pc, to £13.00, while IAG was up 10.8, or 3.96pc, to 283.8. Oil services group Petrofac was also among the leading group on the main board as investors bought into the shares which had fallen to the lower end of its price target. On Tuesday it closed up 49, or 3.66pc, to £13.89. ABN Amro said in a note that the valuation was "too cheap" and initiated a buy rating on the shares and a price target of £16.50, a 23pc upside to Friday's closing price, it added. Overall, the FTSE 100 finished the day up 107.67, or 1.62pc, to 6762.01. Only five shares finished the day in the red on the main board and it was notable that they were mostly mining stocks. ENRC, which is hoping for an increased bid from its controlling investors and the Kazakh government after rejecting their lowball offer a two weeks ago, brought up the rear, down 6.8, or 2.67pc, to 248p. Evraz has also tumbled, by 2.4, or 1.6pc, to 143.9, as the market remained gloomy for steel and speculation continued that the company's status as a member of the FTSE 100 was under threat. Anglo American also ended in negative territory, shedding 16, or 1pc, to £15.40½, as did Randgold Resources which closed down 43, or 0.86pc, to £49.45, as the gold price continued to slump, down more than $14 to $1,380 an ounce as London finished trading. Topping off the bottom five was highly defensive stock Severn Trent, which is the target of a consortium of British and international funds, who are thought to be planning a second bid before the June 11 deadline following the rejection of their initial £4.7bn offer. The utility's shares slid 7, or 0.34pc, to £20.64. The FTSE 250 also finished in the black, up 229.39, or 1.59pc, to 14,622.4. Plastic supplier Victrex finished at the top of the mid-cap index after it reported better-than-expected interim results, and said it would increase its dividend by 15pc. Victrex rose 137p, or 8.42pc, to £17.65. Coal producer New World Resources, which has been volatile and fell in the second half of last week, was the second biggest climber on the FTSE 250, putting on 5.8, or 5.48pc, to 111.6p. The index's biggest loser was FirstGroup, whose share price woes entered their second week as the stock fell for the sixth consecutive day. The group closed down 3.2, or 2.51pc, to 124.2 on Tuesday. The shares have lost 44½pc since last Monday when the debt-laden rail and bus company was forced to scrap its final dividend and announced a deeply discounted £615m rights issue. On the Aim market, Sports Stars Media rose 0.05, or 7.14pc, to 0.75p after it announced a deal with Sociedade Independente De Comunicacao to broadcast a TV series called Mourinho and the Special Ones, based on former Real Madrid manager Jose Mourinho. The two companies also agreed a promotional campaign for the company's Mourinho Trading card game. "Sports Stars Media offers a novel exposure to generate revenue from the world's top football personalities such as Mourinho and Ronaldo," said an analyst at Sanlam. Also on Aim, Avanti Communications was up 13½, or 5.29pc, to 268½ after Natixis analyst Eric Beaudet issued a "buy" recommendation on the shares and a target price of 540p, noting that the current price was close to its historic lows. "[It] offers a unique buy opportunity at a time when news flow is likely to build with the entry into service of its second, and largest, satellite and its probable transfer from Aim to the LSE in 2013/14," he said.