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Mining firms drag FTSE 100 lower



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FTSE 100 Index

Last Updated at 17 Nov 2017, 16:23 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7380.68 -
-6.26
-
-0.08

Top winner and loser

Sky

940.00 p +
+37.00
+
+4.10

United Utilities Group

798.00 p -
-36.50
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-4.37
value change %

FTSE 250 Index

19797.83 -
-52.17
-
-0.26

FTSE 350 Index

4102.67 -
-4.73
-
-0.12

FTSE All Share Index

4051.78 -
-4.62
-
-0.11

FTSE Techmark Index

4553.63 -
-14.14
-
-0.31

(Close): London's leading shares lost ground on Thursday, dragged down by the mining sector.

Giants Glencore and Fresnillo were both in the top five worst performers, falling by 3.57% and 3.12% respectively.

Aberdeen Asset Management was down by 3.15% after going ex-dividend. And BG Group was down 3.21%.

Overall, the benchmark FTSE 100 index was down 24.27 points or 0.37% at 6,475.77.

"The FTSE 100 is being held down by its heavily weighted mining sector as gold, silver and iron ore prices came down, reflecting the slowdown globally and within China," said Jasper Lawler, analyst at CMC Markets.

"While the Chinese government continues to attempt its fine-tuning of the economy and holds off going whole-hog on stimulus, mining shares will be vulnerable."

On the broader FTSE 250, fashion retailer Supergroup rebounded from heavy early falls, to end the day virtually unchanged, despite disclosing that its half-year profits had fallen 32%.