FTSE 100 down as mining stocks drop

Wednesday 9th September 2009

The FTSE 100 was down in early trading today, as mining stocks dropped from recent gains.

At 8:38 BST, the index was standing at 4,931.35 – a drop of 15.99 points or 0.32 per cent.

The top five falling stocks this morning were all from the mining sector – as a degree of profit taking following recent gains on commodity price rises took effect.

Rio Tinto dropped 2.35 per cent as did Eurasian. Lonmin was down 2.34 per cent.

Randgold and Xstrata both fell 2.27 per cent.

Property group Hammerson rose 2.12 per cent this morning, while British Airways rose 2.09 per cent.

BG Group gained 1.42 per cent, Thomas Cook rose 1.41 per cent and Cairn Energy was up 1.07 per cent.

Last night in New York, the Dow Jones rose 0.59 per cent to 9,497.34, while Chicago's S&P 500 was up 0.88 per cent.

On the currency markets sterling was up 0.02 per cent against the dollar to $1.6491 and down 0.04 per cent against the euro to €1.1383, making €1 worth £0.8784.
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