British Land, house builders gain on session

| April 6, 2009 | 0 Comments
British Land, house builders gain on session

European equities markets were lower Monday.

In London, the FTSE 100 was down 0.9 percent to 3,993.54 while the FTSE 250 dropped 0.59 percent to 6,885.54.

Despite the general declines, the real estate sector saw gains as British Land (LSE: BLND) added 3.41 percent on the 100, while home builders did well on the 250 as Barratt Developments (LSE: BDEV) was up 10.28 percent and Taylor Wimpy (LSE: TW) gained 29.82 percent for the best performance of the day on the index.

The FTSE Eurofirst 300 was 0.71 percent lower to 766.09 while the IBEX fell 0.01 percent to 8,321.1, the Dax was down 0.8 percent to 4,349.81 and the CAC-40 dropped 0.98 percent to 2,929.75.

On the other hand, most equities markets were higher in the Asia-Pacific region.

While the Topix index was down 0.05 percent to 830.97 in Tokyo, the Nikkei 225 added 1.24 percent to 8,857.93 and the Mothers market of small and mid-caps gained 1.27 percent to 316.13.

The Taiex added 0.48 percent while in Australia the S&P/ASX200 was up 0.56 to 3,756.6 and the Sydney Ordinaries gained 0.61 percent to 3,696.4.

South Korea’s Kospi added 1.1 percent to 1,297.85, the Straits Times Index was up 1.49 percent to 1,847.98, the Sensex was 1.8 percent higher in India, and the Hang Seng gained 3.11 percent to 14,998.04.

The Shanghai Composite dropped 0.23 percent to 2,419.78.

New York equities markets were lower in early afternoon trade as the Dow Jones Industrial Average was down 1.28 percent to 7,914.84, the Nasdaq Composite had dropped 1.62 percent to 1,595.54 and the S&P 500 was 1.58 percent lower to 829.17.

Most commodities, including crude oil, metals and grains, were lower, but May corn managed a 1 cent gain in afternoon trade on the Chicago Board of Trade.

The yen was lower on the day on a return to risk, while the pound saw gains during the session.

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