LONDON -- After a period of strong rises, the FTSE 100 (FTSEINDICES: ^FTSE ) has retrenched somewhat today, dropping 1.8% to 6,718 points by 7:55 a.m. EDT. But to put that into perspective, it's only four days since the index closed above the 6,700 level for the first time in more than six years. The immediate trigger for today's losses seems to be an overnight 7% fall in Japan's Nikkei index after Asian markets were spooked by weaker Chinese data.
Even with the FTSE falling, there are individual shares that are beating it downward. Here are three from the indexes that are losing today.
Lloyds
After rising yesterday when Lloyds Banking Group reassured the markets that its capital position was strong, the shares have slipped 2.4% today after the bank announced the sale of 77 million shares in St. James's Place at a price of 580 pence per share, raising approximately 拢450 million. After the sale, Lloyds continues to hold 110 million shares, or about 21% of the company.
5 Best Wireless Telecom Stocks To Own Right Now: Wild Acre Metals Limited(WAC.AX)
Wild Acre Metals Limited engages in the exploration of mineral properties in Australia. The company primarily explores for gold, nickel, porphyry copper, and iron oxide deposits. It holds interests in the Sambalay, Chaparra, and Yauca projects, which cover approximately 16 concessions totaling 13,900 hectares located in southern Peru. The company also has interests in the Quinns, Mt Ida South, and Yerilla projects located in the eastern Goldfields of Western Australia. Wild Acre Metals Limited was incorporated in 2007 and is based in West Perth, Australia.
5 Best Wireless Telecom Stocks To Own Right Now: Chip Eng Seng Corporation Ltd (C29.SI)
Chip Eng Seng Corporation Ltd., an investment holding company, engages in the construction, and property development and investment businesses in Singapore. The company operates as a general building contractor for public and private construction projects, including Housing & Development Board projects, residential and commercial properties, institutional buildings, industrial buildings, columbariums, shop houses, and precast projects. It also invests, develops, leases, and manages residential, commercial, and industrial properties in Singapore, Australia, and Vietnam. In addition, the company engages in manufacturing and trading precast products; and providing general building engineering, and project management and consultancy services. Chip Eng Seng Corporation Ltd. is based in Singapore.
10 Best Retail Stocks To Invest In 2014: SVB Financial Group(SIVB)
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company offers deposit products, such as traditional deposit and checking accounts, certificates of deposit, money market accounts, and sweep accounts, as well as lockbox and merchant services; and lending products and services, including traditional term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credits, capital call lines of credits, and credit cards. It also provides cash management products and services comprising wire transfer and automated clearing house payment services, collection services, disbursement services, electronic funds transfers, and online banking services. In addition, the company offers foreign exchange services; letters of credit, including export, import, and standby letters of credit; investment services and solutions; brokerage; asset management; investment a dvisory services, such as outsourced treasury services; and non-banking products and services, such as funds management, venture capital/private equity investment, and equity valuation services. Further, it provides private banking services comprising mortgages, home equity lines of credit, restricted stock purchase loans, and other secured and unsecured lending services. As of March 09, 2012, the company operated 26 offices in the United States and 7 offices internationally. It serves customers in the technology, venture capital/private equity, life science, wine, and clean tech industries. The company was founded in 1982 and is headquartered in Santa Clara, California.
5 Best Wireless Telecom Stocks To Own Right Now: Sun Life Financial Inc.(SLF)
Sun Life Financial Inc., together with its subsidiaries, provides various life and health insurance, savings, investment management, retirement, and pension products and services to individuals and corporate customers. It offers individual life insurance policies, including individual term life, universal life, critical illness, disability, accident, and accidental death and dismemberment insurance policies; and group life insurance policies. The company also provides individual health insurance, long-term care insurance, group health benefits, dental benefits, and group insurance; and various individual and group annuity, retirement, and investment income products and services, such as mutual and pooled funds, variable and fixed annuities, savings, retirement and pension plans, and education savings. In addition, it offers asset management services for corporate retirement plans, separate accounts, public or government funds, and insurance company assets to institutional clients; and advisory services to individual investors. Further, the company provides run-off reinsurance services. Sun Life Financial Inc. distributes its products through direct sales agents, independent and managing general agents, financial intermediaries, broker-dealers, banks, pension and benefit consultants, and other third-party marketing organizations. The company operates primarily in Bermuda, Canada, China, Hong Kong, India, Indonesia, Ireland, the Philippines, the United States, and the United Kingdom. Sun Life Financial Inc. was founded in 1999 and is based in Toronto, Canada.
5 Best Wireless Telecom Stocks To Own Right Now: Home Properties Inc. (HME)
Home Properties, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in the ownership, management, acquisition, rehabilitation and development of residential apartment communities. The firm also invests in townhomes and offices. Home Properties, Inc. was founded in November 1993 and is based in Rochester, New York.
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