FTSE 100 plunges 2.6 per cent

Tuesday, 08 July 2008 12:00

Optimism was lost this morning on the markets, as the FTSE 100 dropped 2.6 per cent.

No shares in the index of top 100 firms recorded price gains - with the FTSE 100 standing down 143.60 points to 5369.10.

While May saw the index well over the 6000 mark and almost touching on 6400 - traders are now looking down to see if it will fall through the 5000 barrier.

The FTSE 100 is now at its lowest since September 2005.

The London Stock Exchange Group saw the greatest falls - down 9.83 per cent.

Meanwhile B&Q-owner Kingfisher dropped 6.51 per cent and Enterprise Inns fell 5.43 per cent.

Construction supplier Wolseley slid 5.39 per cent and miner Antofagasta dropped five per cent.

Outside the top 100 firms, Bradford & Bingley continued its merry dance downwards - falling 20.24 per cent to 33.50p, well below its proposed rights issue price of 55p.

Savills fell 12.89 per cent, PartyGaming was down 9.37 per cent, Aquarius Platinum dropped 8.86 per cent and Alliance & Leicester slid 8.85 per cent.

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