2009 FTSE Competition Week 3
Another bad week for the FTSE 100. With oil prices dipping to almost $41 a barrel and further job losses it shed nearly 100 points although at one stage, on Friday, it dipped below the psychological barrier of 4000 but recovered 4052 at the end of the day.
However, it is not all doom and gloom, a third of the companies in the listing made advances during the week. Autonomy Corporation gained 19.1%, Randgold Resources 15.5%, Pearson and BAE Systems more than 8% while Rio Tinto and Cobham advanced 7.8% and 7.7% respectively.
Stuart Nicol and Mike Hurry maintain their first and second places while Stephanie Blackden slips back to fourth at the expense of Christine Scott who now takes over third spot. Twelve competitors have done exceptionally well having made gains on their original investment in very difficult trading conditions.
There will always be winners and losers which do you have!?