- Ariana 1.01 0.00
- African Eagle 0.25
-0.03 - Aggreko 1,752.00 0.00
- African Min. 235.00 0.00
- Easyjet 1,279.00 0.00
- Frontier Min 2.50 0.00
- Hsbc Hldgs.uk 696.00 0.00
- North River 0.48
+0.04 - Rsa Ins. 120.40 0.00
FTSE ends the session firmly lower as resources stocks sag
Thursday, 21st June 2012
END-OF-DAY REPORT: Headline shares ended the session firmly lower, as shrinking manufacturing in China and the US hit basic resources prices and sent heavyweight miners and oil producers tumbling.At the close of business, the FTSE100 was down 55.93 points at 5,566.36 with the FTSE250 off 78.15 points at 10,944.66 and the FTSE Smallcaps 14.93 points lower at 2,945.84.
NEW YORK
US stocks moved lower in late morning trade following disappointing economic data including a slip in home sales and a fall in manufacturing activity.
Approaching the close in London, the Dow Jones Industrial Average was down 80 points at 12,744, the S&P500 fell 12 points at 1,344 and the Nasdaq Composite shed 32 points at 2,898.
LONDON MARKETS
A downbeat assessment of the US economy by the Fed and news of shrinking manufacturing in China set the tone for the day in London, with basic resources hit, sending the heavyweight miners and oil producers sharply lower. Better-than-expected UK retail sales data did little to lighten the load.
Anglo American was the worst blue chip performer, down 114p at 2,101p, following the decline base metals prices on demand concerns. Elsewhere, Vedanta Resources slipped 48p at 930p and Kazakhmys fell 31.5p at 724p.
Oil producers were also lower as crude prices dropped, with Shell down 28.5p at 2,211p, BP off 13.55p at 412.1p and BG Group 38p lower at 1,248p.
Commercial property was out of favour, with British Land 7p lower at 504.5p, Land Securities down 9.5p at 737p and mall owner Hammerson off 4.2p at 427.8p.
Banks gave up on a midday rally, with Royal Bank of Scotland falling 4.3p at 243.3p and Barclays off 3.45p at 202.3p. Lloyds ended flat at 31.2p.
WPP Group slipped 0.5p at 777p when Jefferies reiterated its underperform stance on the advertising giant, unimpressed by yesterday's acquisition of AKQA.
Other notable casualties included Imperial Tobacco, down 25p at 2,430p, oil industry service group AMEC, off 26p at 996p, and industrial pump maker Weir Group, 46p lower at 1,512p.
On the upside, pharmaceutical companies were a safe haven of choice, with AstraZeneca up 11p at 2,777.5p and GlaxoSmithKline ahead 8.5p at 1,472.5p.
Household products group Reckitt Benckiser topped the leaderboard, rallying 52p at 3,419p, while rival Unilever added 18p at 2,080p.
Business software group Sage coninued its strong run, adding a further 2.7p at 270.2p, helped by an upgrade from sell to hold at Societe Generale.
In the travel and leisure sector, airline group IAG climbed 1.96p at 160.1p, while midcap rival easyJet added 3.49p at 536p.
Staying with the midcaps, process control group Invensys tumbled 37p (14.4%) at 220p after confirming an end to bid talks with Emerson Electric.
Story provided by StockMarketWire.com
Stock Market Update
Tuesday, 18th June 2013
END-OF-DAY REPORT: The headline index ended the day with solid gains, with rallying banking shares ...
Share News
Tuesday, 18th June 2013
VOD VODAFONE GROUP PLC ORD USD0.11 3/7 value of shares traded £170,271,661 HSBA HSBC HOLDINGS PLC ORD $0.50 ...
Tuesday, 18th June 2013
African Eagle (LON:AFE) was the sector's top riser after it revealed it is restating the ...
Tuesday, 18th June 2013
Drilling and production reports helped buoy the share prices of Nighthawk Energy, Itahaca Energy and ...
Tuesday, 18th June 2013
HSBA HSBC HOLDINGS PLC ORD $0.50 (UK REG) value of shares traded £117,937,626 VOD VODAFONE GROUP PLC ORD ...
SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. All share prices are provided by the London Stock Exchange, and are at least 15 minutes delayed.