StockMarketWire.com - It appears the Santa rally may not materialise as the FTSE 100 entered its last day of trading before the Christmas holidays kick off.

The FTSE 100 dipped 0.8% to 6,666 at around 9am as trade war concerns and a partial government shutdown in the US weighed on investor sentiment.

Brent crude oil was stable at $54 per barrel.

MID AND LARGE CAP RISERS AND FALLERS

Miner Anglo American weakened 1.6% to £17.22 despite hiking production guidance for 2019 following regulatory approval relating to the Step Three licence area of the Minas-Rio operation in Brazil.

Gambling company Playtech reversed 6.7% to 371.1p on a warning that new Italian legislation is estimated to hit its 2019 adjusted earnings by approximately €20m to €25m. The legislation is expected to receive final approvals by the end of 2018.

Tritax Big Box REIT revealed it completed contracts for the forward funded development of a logistics fulfilment centre near Durham, which was pre-let to a 'world leading retailer.' The news failed to excite the market as the shares were broadly unmoved at 134.2p.

SMALL CAP RISERS AND FALLERS

Gas and condensate producer Victoria Oil & Gas rallied 32.6% to 21p after subsidiary Gaz du Cameroun signed a binding term sheet with Eneo Cameroon to resume gas supply to Logbaba power station.


Story provided by StockMarketWire.com