Daily Spread Betting and Financial Market Round-up
Financial markets round-up Wednesday November 21, 2007
Spread betting opportunities : Financial market update
US equity markets nosedived on the eve of the Thanksgiving Holiday. The Dow Jones Industrial Average was 211.1 spreadbetting points lower at 12799.04 - down 1.62%. Likewise, the S&P500 index finished the day at 1416.77, 1.59% or 22.93 points below Tuesday's closing level. Though also down, technology stocks nevertheless outperformed on the day, with the Nasdaq Composite index losing 1.33% to close at 2562.15. The FTSE100 index of Blue chip stocks dropped a sizeable 2.58% to close at 6070.9, losing 155.6 points for the day as the beleaguered banking sector continued to drag the index lower. Guess who topped the faller list again...That's right, Northern Rock! The other UK indices did not fare any better, with the FTSE 250 index down 2.58% and the techMARK index also losing 2.86%. Overall, in London, risers were hard to come by as stocks sustained heavy losses across the board. For those spreadbetters with keen attention to detail though, the main winners and losers on the London Stock Exchange are provided below: FTSE 100 - winners BG Group (BG.) Royal Dutch Shell 'B' (RDSB) Royal Dutch Shell 'A' (RDSA) Enterprise Inns (ETI) Imperial Tobacco Group (IMT)
FTSE 100 - losers Northern Rock (NRK) Daily Mail and General Trust (DMGT) Schroders (SDR) Schroders Nv (SDRC) Kazakhmys (KAZ)
FTSE 250 - winners Hochschild Mining (HOC) CSR (CSR) Premier Oil (PMO) PZ Cussons (PZC) Jardine Lloyd Thompson Group (JLT)
FTSE 250 - losers Paragon Group Of Companies (PAG) Mapeley (MAY) New Star Asset Management Group (NSAM) QXL Ricardo (QXL) St James's Place (STJ)
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