Rallying call to save Royal British Legion clubs
- Today's leader
Mining stocks weigh on FTSE 100
Monday 6th April 2009, 5:34PM BST.
The FTSE 100 has fallen below the 4,000 mark as a rally sparked by last week’s G20 meeting reverses.
The index closed 36 points down at 3,993.54 on lower mining stocks, after closing above 4,000 for the first time in over a month on Thursday and Friday.
Lower commodity prices led to Rio Tinto closing 11.33 per cent lower, while Randgold Resources was down by 8.71 per cent and Vedanta Resources was trading 5.87 per cent lower.
However, several banking stocks made gains, on the back of positive news for HSBC this morning.
The bank saw shares rise after a rights issue was received enthusiastically by shareholders, and closed 3.74 per cent higher.
Ryan Kneale, market analyst at BetsForTraders.com, said: “The markets are making steady progress at the moment, but an undercurrent of fear still remains.
“It is this fear that is limiting gains and we believe there is still a possibility that the credit crunch is not quite finished and there might be one last sting in its recessionary tail.”
Sponsored Links
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
Entertainment
All the film reviews
Before you plan a trip to the pictures, get our critics' verdicts on all the latest movie releases.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
