Wednesday markets see online retailers show strong gains as others fall back
There were two distinct movements among travel shares yesterday as London’s equity markets struggled to make small gains. The FTSE 100 index gained 0.2 per cent of its value, adding 6.8 points to close at 4086.5, while the FTSE 250 index did slightly better, adding 25.1 points to close at 5189.4, an increase of 0.5 per cent. It was a relatively busy day for traders with 2.8 billion shares traded.
There is no doubt who the winners were yesterday; online retailers. Ebookers moved ahead 20p for yet another 12-month high of 522.5p, while lastminute.com, which has been the subject of takeover rumours, added 10.5p to close at 214.5p – another year-high.
First Choice Hoildays remained static at 116p, while MyTravel lost 4.25p to close at 30p. Among the airlines, British Airways fell back 4p to close at 169p, EasyJet lost 2p for a 228.25p finish, and Ryanair lost 7.5p to end the day at 412p.
