Aviva drops 4 percent on session

| July 9, 2009 | 0 Comments
Aviva drops 4 percent n session

European equities markets were up Thursday as London saw gains on a buoyant mining sector and after the Bank of England held interest rates steady again at 0.5 percent but did not expand its program to put more money into the faltering economy.

The FTSE 100 added 0.45 percent in London, while the FTSE 250 was up 0.52 percent to 7,234.

The biggest loser of the day on the 100 was insurer Aviva (LSE: AV), which dropped 3.96 percent, while bill-paying system operator PayPoint (LSE: PAY) lost the most on the 250 as it fell 7.76 percent.

The FTSE Eurofirst 300 was up 0.76 percent to 823.32 while the CAC-40 added 0.54 percent to 3,025.94, the IBEX was 0.88 percent higher to 9,443.1 and the Dax gained 1.26 percent to 4,630.07.

Markets in the Asia-Pacific region were mixed.

In Tokyo, the Nikkei 225 was down 1.38 percent to 9,291.06 while the Topix index fell 1.65 percent to 873.91 and the Mothers market dropped 3.92 percent to 445.03.

Other decliners in the sector included South Korea’s Kospi, which was down 0.01 percent to 1,430.89 while the Sensex fell 0.08 percent to 13,757.46.

In Australia, the S&P/ASX200 and the Sydney Ordinaries each dropped 0.12 percent, to 3,763.3 and 3,761.4 respectively.

Gains came for the Hang Seng, which added 0.39 percent to 17,790.59 while the Taiex was up 1.2 percent to 6,748.18, the Shanghai composite was 1.37 percent higher to 3,123.04 and the Straits Times Index gained 2.12 percent to 2,307.61.

Wall Street was mixed at just after 1 p.m. in New York as the Dow Jones Industrial Average was down 0.02 percent to 8,176.37 but the Nasdaq Composite had added 0.47 percent to 1,755.37 while the S&P 500 was up 0.41 percent to 883.13.

Prices for oil and most metals were higher, while grains gained or held steady.

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