Daily Spread Betting and Financial Market Round-up

Spread betting: financial markets round-up
Friday November 2, 2007

In the US, the Dow Jones Industrial Average managed to recover from the early session weakness to finish the day with a gain of 27.23 spread betting points at 13595.10. The S&P 500 gained 1.21 points to close at 1509.65, having traded as low as 1492.53. The Nasdaq Composite Index chipped in with a gain of 15.55 points for the session. Despite Friday’s gains in the Dow and S&P 500, both indices were still down substantially for the week, with the Dow dropping 211.6 spreadbetting points and the S&P losing 25.63 points. However, the Nasdaq Composite bucked that bearish trend with a total gain of 6.19 points for the week.

In London, although equities managed to finish the week off Friday’s lows, the Footsie still lost 55.50 points to close the day at 6530.60. That move summed up a poor week for the Footsie as the index finished down 130.70 points. The FTSE 250 dropped 83.6 points to 11442.7; the FTSE All-Share declined by 27.85 points to 3361.53; and the FTSE AIM Index lost 2.6 points to 1141.5.

FTSE 100: winners Tullow Oil (TLW) 645.00p +3.04% British Energy Group (BGY) 543.50p +2.74% ICAP (IAP) 603.50p +2.12%

FTSE 100: losers Barclays (BARC) 535.00p -6.39% Royal Bank of Scotland Group (RBS) 476.00p -4.56% InterContinental Hotels Group (IHG) 1,057.00p -4.43%

FTSE 250: winners Wellstream Holdings (WSM) 990.00p +7.03% QXL Ricardo (QXL) 1,381.00p +4.31% eaga (EAGA) 196.00p +3.16%

FTSE 250: losers Bradford & Bingley (BB.) 280.00p -5.88% St. Modwen Properties (SMP) 450.50p -5.36% Beazley Group (BEZ) 161.75p -5.13%

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