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Article: FTSE on the wane as markets wind down for holiday
- Article from:
- The Scotsman
- Article date:
- December 23, 2008
- Author:
CopyrightCopyright 2008 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
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LONDON FTSE 100 CLOSE 4,249.2 -37.8
THE FTSE 100 index drifted downwards yesterday with little
momentum for trading in the approach to Christmas.
The blue-chip index lost 37.8 points, or 0.9 per cent, to 4,249.2
at the beginning of a shortened trading week with sparse newsflow in
London to drive stocks.
But sentiment was weakened by a profit warning from Japanese car
giant Toyota and Wall Street's Dow Jones Industrial Average took
early losses on more downbeat corporate news, hitting the Footsie
late in the session.
David Jones, chief market strategist at IG Index, said: "It is
not too surprising that the session has seen the FTSE 100 remain
contained within Friday's range as the focus ...