LONDON -- The FTSE 100
But an index is only the aggregate of its component companies, and there have been plenty of individual price moves across the various FTSE indexes this morning. Here are three shares being punished.
Nickel and zinc miner Talvivaara
The firm saw its second-quarter production hit by a number of problems, including excessive rain and flooding and a stoppage caused by a fatality in April. There has been a production increase over the previous year, but full-year 2012 guidance is now unlikely to be achieved.
This is disappointing after the 2012 share-price slump looked like it was reversing. But things are tough for all miners these days, with most mining shares being down on the year.
Cue the wrecking ball
Despite having a great June and publishing a strong half-year update today, homebuilder Persimmon
Although the company completed 6% more homes than during the same period last year and achieved an average selling price 7% higher, a report just released suggested that the construction sector fell at its fastest pace in two and a half years last month, and it took the shine off Persimmon's good figures.
It also hit across the sector, with Bovis Homes down 1.6% to 479.5 pence, Barratt Developments falling 2% to 142 pence, and Taylor Wimpey dropping 1.2% to 49 pence.
The well is dry
Oil and gas explorer Salamander Energy
The reason? The firm's Far East-1 well in its prospects in the Gulf of Thailand has turned out to be dry -- practically so, anyway, as it was actually wet, but the fluids there consisted only of formation water.
The well will now be plugged, but the firm is still positive about its overall prospects in the region.
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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.