The FTSE 100 nose dived well over 150 points late on in the day shattering a growing confide...
The FTSE 100 nose dived well over 150 points late on in the day shattering a growing confidence that the index was beginning to stabilise after the week's dramatic events. Reports that retaliation to the World Trade Centre attack will spark further terrorism turned market resilience on its head and sent investors scurrying from equities. The index finished a miserable week down 187 points to 4755.
Only four companies finished the day higher, with 93 falling. Leading the fallers was British Airways, its stock slumping well into 10 year lows. It finished the day down 31p to 165p, the company's outlook is obviously distressed by the possible implications of this week's tragedy for public aviation.
Those investors willing to stay in the FTSE 100 equity market moved most heavily into Tesco, for its defensive qualities, and it posted a modest gain of 6p to 257p.
The fortunes of the FTSE 100 since the terrorist attack, however, could be considered academic until the mood of Wall Street can be gauged when it reopens on Monday.
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