Shares fall as house­builders are pun­ished

Western Daily Press (Saturday) - - Business -

THE FTSE 100 ended in the red yes­ter­day as house­builders and min­ing stocks weighed on the in­dex.

Lon­don’s blue chip mar­ket suf­fered a fall of 58.71 points, or 0.83 per cent, to close at 6,980.24, with Antofa­gasta, Fres­nillo and An­glo Amer­i­can all end­ing in neg­a­tive ter­ri­tory.

Fiona Cin­cotta, se­nior mar­ket an­a­lyst at City In­dex, said: “The heavy weighted min­ers were tak­ing a beat­ing after man­u­fac­tur­ing data from China overnight high­lighted the grow­ing im­pact of the US trade war.”

House­builders were also un­der pres­sure fol­low­ing Na­tion­wide’s lat­est in­dex.

It showed house price growth picked up in Novem­ber from a pre­vi­ous five-year low, but the mar­ket re­mains “sub­dued”, the build­ing so­ci­ety con­cluded.

Prop­erty val­ues in­creased by 0.3 per cent month on month, com­pared with 0 per cent growth in Oc­to­ber.

Tay­lor Wim­pey shed 4.55p to

.83 Per­cent­age fall in the value of the FTSE 100 at close of trad­ing last night

end at 134p, Bar­ratt De­vel­op­ments closed down 10.5p at 462.2p, Berkeley Group lost 80p to end at 3,226p and Per­sim­mon dropped 65.5p to 1,900p.

The pound also came un­der pres­sure, with Brexit once again guid­ing the hand of cur­rency traders. Ster­ling dropped 0.2 per cent ver­sus the US dol­lar at 1.276. Against the euro, the Bri­tish cur­rency was up 0.5 per cent at 1.127.

In Europe, Ger­many’s DAX was down 0.36 per cent while France’s CAC 40 lost 0.1 per cent. A bar­rel of Brent Crude was trad­ing one per cent lower at 59 US dol­lars.

The big­gest ris­ers on the FTSE 100 were Glax­oSmithK­line up 24p at 1,621.6p, Cen­trica up 1.6p at 137.75p, Shire up 45p at 4,550p and Voda­fone up 1.18p at 168.94p. The big­gest fall­ers were NMC Health down 244p at 3,298p, Tui down 79p at 1,117p, Antofa­gasta down 36p at 800.4p and Mel­rose In­dus­tries down 7.8p at 176.6p.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.