At the close: FTSE 100 index closes down as miners suffer losses

 
James Nickerson
Follow James
BHP Billiton Announces Record Financial Results
Miners led the FTSE 100 down (Source: Getty)

The FTSE 100 index closed down today, led lower by miners, while tourism stocks also dropped.

The UK's top blue-chip index closed 0.59 per cent down at 6,238 points, marking four successive days of losses and the first weekly decline in three weeks.

Miners wiped out gains they made earlier in the day, with Glencore closing 3.25 per cent down at 87.29p per share and Anglo American's share price falling 2.79 per cent to 376.05p per share.

Read more: FTSE 100 closes down on dovish ECB decision

Meanwhile Rio Tinto fell 1.56 per cent to close at 2,081p per share. Antofagasta also dropped 1.86 per cent to 491.7p per share.

Tourism stocks also fell, with InterContinental Hotels sliding 1.34 per cent to 2,568p per share, and Carnival slipping 1.32 per cent to 3,449p per share.

But EasyJet's share price rose 2.76 per cent to 1,675p per share on the prospects of a longer period of cost savings from lower fuel prices.

Read more: FTSE 100 opens lower on tourism stocks

However, "energy was the worst performing sector on the FTSE 100 as shares of BP and Royal Dutch Shell sank on news that OPEC would raise its output ceiling", Jasper Lawler, analyst at CMC Markets said.

BP dropped 2.4 per cent to 359.7p per share, while Royal Dutch Shell's A shares fell 2.4 per cent to 1,585.5p per share.

On a positive note, Berkeley Group's share price rocketed as it unveiled an even more ambitious dividend target. It's share price closed 7.46 per cent up at 3,602p per share.

Related articles