Around the World's Markets: London

Thursday 26 November 1998 01:02 GMT

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LONDON SHARES yesterday closed down for the second day running hit by a bout of profit-taking and weaknesses on the world's major stock markets.

The Footsie 100 blue chip index ended 43 easier at 5,755.3 shrugging off news of the largest ever UK global trade deficit. The medium cap finished 2.5 higher at 4926.4, after hardly moving all day, while the small cap closed 2.5 lower at 2,062.2. Profit-taking was ripe among financial stocks following the recent good run.

Market Report, page 24

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