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2014.09.2209:49:36UTC+00UK stocks fall from biggest two-day rally in 4 weeks

UK stocks dropped following its biggest two-day rally in a month. The FTSE 100 was previously at a level that was last seen in 1999.

The FTSE 100 shed 0.9% or 58.13 points to 6,779.79, 11”14 am, London time. The gauge continues its decline losing 1.4% form its May 14 climax that was the highest in 15 years. For the year, the index has acquired a total of 0.5% while Ireland’s ISEQ index added 0.5% in today’s trade. A volatility gauge for the FTSE 100 rose by 11% while the share volume was up 32% compared to a 30-day average.

Tesco Plc plunged by 7.4% while both Wm Morrison Supermarkets Plc and J Sainsbury Plc declined by at least 2% each.

Last week, September 19, Scotland voted ‘no’ for its independence from UK. 

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