After Busy Trading Day London Markets Down By 3%

The FTSE 100 recovered some of its earlier losses, despite markets initially falling on news that the UK had voted to leave the EU

Karen Kwok 24 June, 2016 | 5:48PM
Facebook Twitter LinkedIn

The FTSE100 avoided a full scale rout, and closed today down just 3% at 6138.69  - higher than it was at the start of this week. This is despite the market falling to 5806 in early trading.

However the FTSE 250 suffered a more significant loss - down 7.19% on the day. European markets also felt the fallout from the EU Referendum vote, with the Dax in Frankfurt down 6.8% on the day - its worst day since the financial crisis in 2008. The CAC in Paris shed 8%, Madrid fell 12% while the Milan stock market was down 12.5%.

Homebuilders and Banking Shares Led Declines in FTSE 100

The biggest faller of the day in FTSE 100 was homebuilder stock Taylor Wimpey (TW.), falling an eye-watering 29.3% on the day. Other major housebuilding stocks suffered similar losses:   Persimmon (PSN) lost 27.6% to close at 1520p, while shares of Barratt Developments (BDEV) were down 23.8% to 439.80p. Property development company Berkeley Group Holdings (BKG) fell 21% to 692p.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Barclays PLC177.12 GBX-1.17Rating
Barratt Developments PLC733.80 GBX0.41
Berkeley Group Holdings (The) PLC4,651.00 GBX1.64
Frasers Group PLC578.00 GBX1.40
Fresnillo PLC833.20 GBX-0.57
Lloyds Banking Group PLC47.70 GBX-0.46Rating
Morgan Stanley91.10 USD0.44Rating
NatWest Group PLC205.20 GBX-0.39Rating
Persimmon PLC3,085.00 GBX-0.19
Taylor Wimpey PLC167.90 GBX0.12
Vodafone Group PLC130.16 GBX-1.39Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement