DAILY STOCKMARKET REPORT 23 May 2008
Markets
London - Retailers made strong advances on the London market yesterday after better than expected sales figures for April. Fashion chain Next joined supermarkets and DIY firms on the FTSE 100 Index risers board following official retail figures showing that falls in sales volumes during April was not as bad as feared. But the FTSE struggled for direction despite the retail boost, closing down 16.5 points at 6181.6. Early gains for commodity shares and some positive corporate news had seen the market get off to a good start, although investor sentiment turned as banks and miners suffered.
Posted: May 23rd, 2008 under Asset Management.
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