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London Stock Exchange down 0.15% despite big rise in Rightmove real estate company

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02 September 2024 – 18:32

London, Sep 2 (EFE).- The London Stock Exchange closed Monday’s session in the red, down 0.15% due to the poor performance of listed companies in the aerospace and military industries, despite the fact that shares in the real estate company Rightmove soared 27% on Monday.

Against this backdrop, London’s main index, the FTSE-100, known as the ‘footsie’, fell by 12.79 points to 8,363.84 points.

The secondary indicator, the FTSE-250, which includes smaller companies, also ended the day in the red, falling by 106.03 points, or 0.50%, to 20,980.51 units.

Real estate company Rightmove was the biggest gainer on the British index, with a whopping 27.43% rise after it was revealed on Monday that REA Group, Australia’s leading housing portal, owned by tycoon Rupert Murdoch, was considering buying the British company.

Also in the spotlight were homebuilder Barratt Developments, which rose 3.12%, and car retailer Auto Trader Group, which gained 3.06%.

Among the companies that recorded the worst results of the day on the London Stock Exchange were two from the aerospace and defence sector: firstly, Rolls Royce Holdings, which lost 6.47% of the value of its shares and, secondly, the military contractor BAE, which lost 2.82%.

The sportswear retailer JD Sports Fashion completed the top three of the day’s losers, dropping 2.25%. EFE

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