Daily Spread Betting and Financial Market Round-up
Financial markets round-up
Monday November 19, 2007
Spread betting opportunities : Financial market update
Trading in New York was dominated by the ongoing negative sentiments surrounding banking stocks. The Dow was down heavily, losing 218.35 spreadbetting points to close at 12958.44 for the session. The Nasdaq Composite index dropped 1.66% (43.86 points) to finish at 2593.38 for the day. The weakest of the major indices was the Standard and Poor’s S&P 500, which lost 1.75% (down 25.47 points) to trade at 1433.27 at the close.
The London market was again led lower by stocks in the banking sector with the major laggards once again being Northern Rock. By the close of play in London on Monday afternoon, the FTSE 100 was down over 170 points, closing at 6120.8 (2.71%). The techMARK index was also off by 1.6%. However, the biggest decline was seen in mid-cap stocks, where the FTSE 250 index lost 3.36%.
Those who spreadbet on individual shares would note the main movers below:
FTSE 100 - Winners
Smith & Nephew
FTSE 100 - Losers
FTSE 250 - Winners
Dimension Data Holdings
FTSE 250 - Losers
New Star Asset Management Group
Paragon Group Of Companies
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