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
Standard Chartered
Smith & Nephew
Carphone Warehouse

FTSE 100 - Losers
Northern Rock
British Land

FTSE 250 - Winners
Gyrus Group
Amec (AMEC)
Beazley Group
Headlam Group
Dimension Data Holdings

FTSE 250 - Losers
Burren Energy
Aquarius Platinum
New Star Asset Management Group
Paragon Group Of Companies

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