CAPITAL MARKETS

Not a happy new year for investors

Markets down as trading restarts following New Year's break

Staff reporter
London investors were wary of the big, China-exposed miners on Wednesday

London investors were wary of the big, China-exposed miners on Wednesday

Glencore saw the heaviest fall of the group with a fall of 4.98% to £2.77 (US$3).

The miner and trader had managed to avoid the global markets rout after Christmas that saw major indices mark the worst annual decline in a decade, only to be hit on the first trading day of 2019.

Rio Tinto was better than the rest, but still fell 3.17% to £36.

BHP and Rio also fell in Australia.

The big Canadian miners and developers did well over the Christmas break.

Ivanhoe led the pack with an 11.8% gain between December 24 and New Year's Eve, up to C$2.37 (US$1.74).

On London's AIM boards, Kodal Minerals led the way for the mining companies with a gain of over 13%, to 0.14p. 

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