Market drops as profit takers move in

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Investors in London took the chance to make profits after yesterday's gains in share prices following...

Investors in London took the chance to make profits after yesterday's gains in share prices following more analysis of the interest rate cuts and sluggish performance in early New York trading. The FTSE 100 index of leading shares closed the day down 33.9 points at 5,244.5 points, mirrored by losses in the SmallCap and techMARK indices, although it was a good day for the mid-caps as the FTSE 250 index put on 38.1 points to end the day at 5,691.9 points. The ratio of gainers to losers in the FTSE 100 was flipped around compared to yesterday's positive trading, today registering 62 l...

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