FTSE at lowest ebb in six weeks

Falling demand for precious metals sent mining stocks plummeting today as the Footsie slumped to its lowest level in six weeks.

FTSE at lowest ebb in six weeks
Thu, 13 Oct, 2005 - 18:55

Falling demand for precious metals sent mining stocks plummeting today as the Footsie slumped to its lowest level in six weeks.

Weaker oil stocks also weighed heavily on the market as strong gains at the start of the month, which saw the FTSE 100 Index around the 5500 mark, were further eroded to leave it 77 points lower today at 5265.2.

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