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Wednesday, February 23, 2011

FTSE closes lower on Libya unrest (AFP)

LONDON (AFP) – London's leading share index closed lower again on Tuesday, with sentiment shaken by continuing violent unrest in Libya.
The FTSE 100 index ended down 0.30 percent at 5,996.76 points.
Lloyds Banking Group (LBG) was the most traded stock of the day, seeing 124 million shares change hands, followed by Royal Bank of Scotland (RBS), which saw 95.1 million shares switch owners.
UK defence company BAE Systems led the day's fallers, shedding 4.3 percent -- or 14.7 pence -- to close at 326.8, followed by electricity group International Power, which fell 2.98 percent -- or 10.2 pence -- to end at 331.7.
RBS made the biggest gains of the day, seeing shares climb 2.32 percent -- or 1.08 pence -- to end at 47.22, followed by asset management company Schroders, which added 1.84 percent -- or 25 pence -- to finish at 1,384.
Meanwhile, the pound was down for the second straight day against both the dollar and the euro.
At 1709 GMT, sterling was trading at 1.6102 dollars, down from 1.6225 at the same time on Monday, while it fell to 1.1807 euros from 1.1862 over the same period.
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