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SHARE WATCH: Millions wiped off value of listed construction firms

Millions of pounds were wiped off the value of publicly listed construction companies yesterday after the single biggest fall in the history of the UK stock market.

The FTSE 100 dropped 391 points yesterday from 4980.3 to a close of 4589.19 – a fall of 7.85 per cent and a loss of roughly £93.4 billion.

Construction industry firms also experienced large falls with the FTSE 350 Construction and Materials sector dropping 7 per cent from 3318.71 to 3083.80.

The FTSE 350 Support Services sector also dropped 5.52 per cent from 3052.6 to a close of 2884.09.

The misery continued today with nearly all of the industry’s quoted companies experiencing further drops in their share price.

By midday, only Carillion and Interserve had seen their share price rise.

Construction News will now be tracking share movements on a daily basis concerning the industry’s biggest quoted companies.