Daily Spread Betting and Financial Market Round-up

Financial markets round-up
Friday November 23, 2007

Spread betting opportunities : Financial market update

US equity markets staged a strong rally on the day after Thanksgiving. The Dow Jones Industrial Average was up 1.42%, showing a gain of 181.84 spread betting points to end the week at 12980.88. That was however, still a move of over 195 spreadbetting points lower for the week.

Likewise, the S&P 500 index was 18.04 points lower for the week despite the gain of 23.93 points on Friday. On a similar note, the Nasdaq Composite index finished Friday with a gain of 34.45 to end at 2596.6 but nevertheless, recorded a loss of 40.64 points for the week as a whole.

In London, the FTSE100 continued the strong move that began on Thursday with a further gain of 106.8 spreadbetting points, to end the day up 1.74% at 6262.1. The strong end to the week meant that the Footsie was able to recover from a very weak early period in the week to finish down only 29.1 points overall—despite having been down as much as 264.3 points at the intra-week low.

Elsewhere in the London market, the techMARK index closed at 1,505.49 for a gain of 1.25% on Friday. The FTSE 250 added 2.10% to finish at 10,531.20 for the session.

FTSE 100 - Winners
Rio Tinto (RIO)
Taylor Wimpey (TW.)
DSG International (DSGI)
Mitchells & Butlers (MAB)
Vedanta Resources (VED)

FTSE 100 - Losers
Centrica (CNA)
Royal Dutch Shell 'A' (RDSA)
Royal Dutch Shell 'B' (RDSB)
International Power (IPR)
Cable & Wireless (CW.)

FTSE 250 - Winners
Paragon Group Of Companies (PAG)
Biffa (BIFF)
Intermediate Capital Group (ICP)
Shanks Group (SKS)

FTSE 250 - Losers
Stagecoach Group (SGC)
Axon Group (AXO)
Sports Direct International (SPD)
Randgold Resources (RRS)
Aveva Group (AVV)

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