3 Shares That Lost to the FTSE Today
Jan 4th 2013 12:23PM
Updated Jan 4th 2013 12:32PM
The FTSE 100 crept up another 0.7% in today's trading session to hit 6,090. This further rise comes despite fears that the U.S. Federal Reserve's "quantitative easing" program is approaching its end.
But even if the FTSE is still rising, there are always individual constituents of the various indexes that are not following suit. Here are three that are faltering today.
Shares in Anglo American slipped today, losing 0.6% on the news that the FTSE 100 miner has agreed to sell its 70% interest in the Amapa iron ore operation in Brazil to Zamin Ferrous. The company tells us that after the acquisition of the stake in 2008 and its subsequent transformation of the operation's performance, it never had an intention to hold it for the long term.
The terms of the agreement are, apparently, confidential, and the deal is subject to regulatory approval.
Shipping services group Clarkson confirmed in a pre-close trading update that its performance is still in line the expectations set by the firm's Nov. 7 profit warning, which told us of falling freight rates and lower asset prices and led to a 9% fall in the share price.
The company's share price dropped 1.1% to 1,175 pence today, and with no revised forecasts since that warning, we really don't know what to expect when full-year results are released on March 7.
Shares in Asian Citrus fell 0.8% to 29.1 pence after it was revealed that Huge Market Investments has taken its holding to 6% after receiving 3 million new shares by way of scrip dividend, taking its total holding up to 73.7 million shares.
The Asian Citrus share price had a strong spell post-2009, climbing to 85 pence by the start of 2011, but it has since fallen steadily.
Finally, how does Britain's ace investor Neil Woodford avoid share price falls? He goes for a strategy of buying solid blue-chip shares paying dependable long-term dividends. And in doing so, he has built a record of beating the FTSE for nine straight years. If you want to see how Woodford manages to beat the market, the free Motley Fool report "8 Shares Held By Britain's Super Investor" takes a look at some of his key holdings. To get your copy, click here while it's still available.
The article 3 Shares That Lost to the FTSE Today originally appeared on Fool.com.Alan does not own any shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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