FTSE 100 ends flat
Friday 6th March 2009, 5:32PM GMT.
The FTSE 100 ended flat at 3,530.73 as a rally in mining stocks was offset by further falls in the insurance sector.
A surge in metals price boosted the share price of Eurasian Natural Resources (up 6.89 per cent), Rio Tinto (up 5.31 per cent) and Randgold Resources (up 5.21 per cent) on the index.
In the morning, the FTSE dipped in and out of the red amid investor concerns over the economy.
However, the index picked up significantly in afternoon trading, after US job figures showed unemployment levels for February matched expectations.
But Aviva slumped for a second day, falling 14.01 per cent to 163.30p, while Legal & General dropped 6.77 per cent to 24.80p.
Over the week, the UK’s benchmark index lost 309.36 points, its fourth straight weekly decline.
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