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FTSE drops after best run since May 2017

Published 24/12/2019, 09:30
© Reuters.  FTSE drops after best run since May 2017
UK100
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BATS
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FTMC
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NMC
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(For a live blog on European stocks, type LIVE/ in an Eikon

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* FTSE 100 down 0.2%, FTSE 250 flat

* NMC tumbles again

* Markets to shut early on Tuesday ahead of Christmas

Dec 24 (Reuters) - London's main index drifted lower in thin

holiday trading on Tuesday after nine straight sessions of

gains, weighed down by exporter stocks, while the midcaps were

largely flat amid a lack of major drivers.

The FTSE 100 .FTSE inched 0.2% lower in early deals as the

sterling steadied, leading more internationally-exposed firms

such as BAT BATS.L lower. The bourse still hovered around a

near five-month high hit in the previous session.

The mid-cap FTSE 250 .FTMC is on course to rise for the

fourth straight month in the aftermath of Prime Minister Boris

Johnson's election victory.

NMC Health NMC.L , which rallied almost 37% on Monday after

saying it would launch an independent review of its books,

declined nearly 10%. Its shares have been battered since

short-selling firm Muddy Waters questioned its financials last

week.

UK markets will shut early on Tuesday and remain closed for

Christmas and Boxing Day on Wednesday and Thursday.

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