Daily Spread Betting and Financial Market Round-up

Financial markets round-up

Tuesday December 4, 2007

Spread betting opportunities : Financial market update

Stocks continued their decline in New York as the ongoing negative sentiment prevailed on Wall Street. The Standard andPoor's S&P500 index carried the wooden spoon for the session, losing 0.65% to close down 9.63 points at 1462.79. The Nasdaq Composite index was not far behind, shedding 0.66% or 17.3 points to finish the day at 2619.83. As it has done for the past couple of trading sessions, the Dow Jones Industrial Average was the relative outperformer, with a decline of 0.49% to end the session at 13248.73, a loss of 65.84 spreadbetting points.

The news was worse in London as the three main equity indices lost over 1% each, trailing their US counterparts. The FTSE250 was the major faller, losing 2.76% and the techMARK index shed 1.29%. The FTSE100 index of blue chip stocks was also down, falling by over 1.12% to notch up a decline of 71.4 spread-betting points.

Northern Rock was once again on the list of five top losers for the session, down another 5.5%. This time though, it had some other banking stocks for company as The Royal Bank of Scotland Group also fell by 5.28%. Mining stocks regained some of the ground lost in thre previous trading session, with the likes of Rio Tinto firming by over 1.3%.

FTSE 100 - winners

Rio Tinto [+1.32%]
Imperial Tobacco Group [+1.16%]
Unilever [+0.97%]
Royal Dutch Shell 'A' [+0.93%]
Lonmin [+0.91%]

FTSE 100 - losers

Taylor Wimpey [-7.06%]
British Airways [-6.18%]
Barratt Developments [-5.92%]
Northern Rock [-5.50%]
Royal Bank of Scotland Group [-5.28%]

FTSE 250 - winners

Paragon Group Of Companies [+7.17%]
Benfield Group [+5.24%]
Hikma Pharmaceuticals [+4.11%]
Micro Focus International Plc [+3.55%]
Shanks Group [+2.53%]

FTSE 250 - losers

Brit Insurance Holding [-10.07%]
Michael Page International [-8.88%]
Collins Stewart [-8.50%]
Alfred McAlpine [-8.48%]
Greene King [-8.46%]

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