FTSE 100 falls back into red
Tuesday 17th March 2009, 5:10PM GMT.
The FTSE 100 remained in the red at the close of trading, as mining stocks continue to weigh on the index.
The index closed 0.37 per cent down at 3,849.70, lower than yesterday but still a way off the lows recorded at the beginning of last week.
Eurasian Natural Resources led the decline, falling 9.31 per cent over the day, with Rio Tinto following with a 5.66 per cent fall.
The falls were offset by rises at Old Mutual, up by 6.05 per cent, HSBC up 4.07 per cent and TUI Travel, up 3.62 per cent.
Tim Hughes, head of sales trading at IG Index, said: “It’s been a much quieter day for the UK stock market than we have been used to of late. Most of the day has seen share prices in decline, but so far still comfortably above the lows seen on Monday.
“After solid gains over the past week have put around 400 points on the FTSE, many seem to be happy to start booking any profits at current levels and then see what the direction of the next major move might be.”
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