FTSE swap mining stocks for banking shares

The FTSE 100 Index was on the back foot today after investors switched out of heavily-weighted mining stocks and into banking shares.

FTSE swap mining stocks for banking shares
Fri, 23 May, 2008 - 12:19

The FTSE 100 Index was on the back foot today after investors switched out of heavily-weighted mining stocks and into banking shares.

A fall in copper prices lay behind the 2% drop for the mining sector and meant the FTSE 100 Index fell 15.9 points to 6165.7 by mid-morning.

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