Rio Tinto Shares Drop 1.5% as FTSE 100 Hits 10,331
RIO•Rio Tinto shares fell 1.5% as the FTSE 100 slipped 1 point to 10,331 in early Tuesday trading. Miners and oil stocks led the index decline while Sainsbury’s, Vodafone and LondonMetric dropped after trading ex-dividend.
1. Early Market Movements
The FTSE 100 opened with little direction, trading down 1 point at 10,331 by 8:14am. Moves were mixed in initial trades, with small gains and losses across sectors before the slight overall dip.
2. Mining and Oil Stocks Weigh on FTSE
Miners and oil producers were among the biggest drag on the index, led by Rio Tinto’s 1.5% decline and Shell’s 1.25% drop. Ex-dividend status also hit Sainsbury’s, Vodafone and LondonMetric, amplifying the downward pressure on the market.
