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FTSE 100 Dragged Down By Miners

ByJames Chen
Published 12/02/2013, 08:31 AM
Updated 07/09/2023, 06:31 AM

The FTSE 100 is down this morning, dragged down by mining firms falling.

It dropped shortly after the start of the session, with mining stocks mainly making up the major fallers in the early hours of the day.

In the first hour of trading, the FTSE 100 had dropped 28.73 points – or 0.43 per cent – at 6,621.84, reports BBC News.

By 10:44 GMT, the index was down by 0.71 per cent and still falling even lower.

Fresnillo Plc, (FRES), Randgold Resources, (RRS) and Vedanta Resources, (VED) were all within the top five biggest fallers on the index this morning, with the miners' drops weighing heavily on the index.

Tesco's, (TSCO) share price has also dipped in today's trading, with the supermarket's stocks almost three per cent lower.

However, there were gains for energy company Scottish & Southern Energy Plc, (SSE) – which rose by one per cent – and Lloyds Banking Group Plc, (LLOY), which was also around one per cent higher on the opening of the session.

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