Indicies Update - Mon 11May09
The Miners Weigh Down the FTSE
The biggest blue chips closed lower, with the miners hit by some broker downgrades. At Lonmin, the news of a rights issue and a half-year loss took its toll, wiping out gains from Centrica's news that it is to be taking a 20% stake in British Energy.
The FTSE 100 closed down 26 points at 4,435, whilst the FTSE 250 closed down 210 points at 7,595, and for those that are interested the FTSE Small Caps closed down 25 points at 2,317.
Over the pond, by the time London closed the DJIA was down 109 points at 8,465, the S&P500 down 13 points at 916, and the Nasdaq down half a point at 1,738. The miners and financials all weighing Wall Street down as well.
Monday, 11 May 2009
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