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The Guardian - UK
The Guardian - UK
Business
Chris Tryhorn

Market slump worsens as housebuilders hit

Housing stocks fell back today as the FTSE 100's losses mounted.
The property sector was boosted yesterday because of the government's proposals to broaden the exemption on stamp duty.

But that was all but wiped out today amid a wider market slump that saw the FTSE 100 drop 119.3 points or 2.1% to 5501.4.

Building materials group Wolseley, which is listed among the blue chips, lost 4% to hit 466p.

Among the housebuilders on the FTSE 250, Barratt Developments dropped 9.6% to 47.75p, while Taylor Wimpey was down 8.6% to 55.5p.

Persimmon was down 5.1% to 402.75p, while Bovis Homes lost 4.1% to 467.75p.

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