Daily Spread Betting and Financial Market Round-up

Financial markets round-up
Friday November 9, 2007

Spread betting opportunities : Financial market update

A stormy week for equity markets ended the same way it started - with sharp losses across the board. Market sentiment was soured by renewed concerns about banks' exposure to subprime debt as the credit crisis rumbled on.

On Wall Street, the major indices were down heavily, with the Dow dropping 223.55 points on Friday and a total loss of 552.36 points (4.06%) for the week. The S&P 500 index lost just over 21 points on Friday, down 55.95 points (3.71%) for the week. The Nasdaq Composite index sold off heavily on Friday, falling by over 68 points (2.52%) for the day and a whopping 6.49% (182.44 points) for the week.

In London, further heavy loses in the banking sector and weakness in mining stocks ensured that the Footsie finished the week in the red. The FTSE100 index lost 77 spread betting points to end the day at 6304.9. That summed up a tough week for the equity markets in which the FTSe 100 suffered a decline of 3.46%, falling by 225.7 points.

Some of the main risers and fallers in the London market are outlined below:

FTSE 100 - winners
Rio Tinto (RIO) 5,624.00p +6.19%
ICAP (IAP) 625.00p +4.78%
Mitchells & Butlers (MAB) 660.00p +4.76%
British Energy Group (BGY) 521.50p +1.96%
BG Group (BG.) 1,005.00p +1.62%

FTSE 100 - losers
Vedanta Resources (VED) 2,044.00p -7.30%
Friends Provident (FP.) 148.70p -7.18%
Antofagasta (ANTO) 745.00p -4.85%
Cable & Wireless (CW.) 180.00p -4.81%
Taylor Wimpey (TW.) 201.50p -4.50%

FTSE 250 - winners
Rank Group (RNK) 90.00p +7.46%
Mapeley (MAY) 1,704.00p +5.19%
Halfords Group (HFD) 337.50p +3.85%
eaga (EAGA) 185.25p +3.20%
Dairy Crest Group (DCG) 607.50p +2.88%

FTSE 250 - losers
Rathbone Brothers (RAT) 1,089.00p -9.40%
QXL Ricardo (QXL) 1,550.00p -9.36%
New Star Asset Management Group (NSAM) 276.50p -8.60%
Paragon Group Of Companies (PAG) 196.50p -8.18%
Headlam Group (HEAD) 511.50p -7.08%
Spirent Communications (SPT) 67.00p -6.94%

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