New FTSE100 stocks see red as first trading day incurs losses

Tim Wallace
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SPORTS Direct and Coca Cola Hellenic both saw losses in their first day of trading after joining the index of 100 top shares yesterday.

The sports retailer began the day positively but rapidly plunged into the red, ending its debut on the FTSE100 down 1.07 per cent, a bigger drop than the overall 0.59 per cent fall over the whole index.

And the bottling group, which has shifted its primary listing from Athens to London, dropped sharply from the off. It closed down 2.41 per cent.

Packaging firm Mondi also saw some losses before ending the day up a touch.

It scraped through to achieve gains of 0.38 per cent.

Meanwhile yesterday’s three entrants to the Dow Jones Industrial Average suffered similar fates to their UK counterparts.

Renowned investment bank Goldman Sachs saw its shares fall 2.65 per cent, against an index-wide drop of just 0.32 per cent.

Sportswear brand Nike also saw a bigger than average drop of 0.56 per cent over the day.

And payments technology group Visa rounded off the trio in the red with its shares falling 1.3 per cent on its first day in the index of leading US stocks.