FTSE 100 down in early trading
Monday 8th June 2009, 9:18AM BST.
The FTSE 100 slumped to lose 52 points by 08:50 BST to 4,386.56 following last Friday’s rally.
No sooner had the blue-chip index inched above the 4,500 mark on better-than-expected employment figures from the US, was it back down again, with commodities leading the falls.
Eurasian Natural Resources was down by 3.74 per cent, while Vedanta Resources dipped by 3.36 per cent.
Lloyds Banking Group also saw a 3.47 per cent fall in shares to 63.90p after 87 per cent of the bank’s share issue was taken up by investors.
Only a few shares were trading higher, including Thomas Cook Group, up by 2.21 per cent, Rolls Royce Group, up by 1.44 per cent and BT Group up by 1.44 per cent.
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