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FTSE 100 drops by 1.68 pct on Wednesday

Xinhua, August 27, 2015 Adjust font size:

The FTSE 100 Index, Britain's benchmark stock market gauge, dropped by 1.68 percent, or 102.14 points, to 5,979.20 on Wednesday as the weak performance of precious metal miners dragged the index down.

Data showed that sectors Industrial Metals and Mining, Chemicals, and Oil and Gas Producers topped the charts as having experienced the biggest falls on the London market. Only two sectors closed higher: Oil Equipment, Services and Distribution, and Industrial Transportation.

Silver miner Fresnillo's share price plunged by 6.72 percent, topping the losers of the blue chips.

Share prices of Randgold Resources, Standard Chartered, WPP and BG Group fell by 4.42 percent, 4.21 percent, 3.60 percent and 3.56 percent respectively.

Energy supplier Petrofac led the top gainers with a gain of 3.78 percent.

International Consolidated Airlines, Aggreko, Weir Group and Tullow Oil increased by 2.51 percent, 2.15 percent, 2.03 percent and 1.18 percent respectively.

The trading volume in FTSE 100 companies was around 25 percent more than its 30-day average. The index has lost 6.07 percent so far this year.

The broader FTSE All-Share Index lost 1.46 percent. Endit