Shares
in the listed housebuilders have tumbled on the stock exchange, after rising
Covid-19 rates put London stocks in a sea of red.
Persimmon, Berkeley
Group and Barratt Developments all made the list of today’s biggest fallers on
the FTSE 100, while Crest Nicholson Holdings made the list of biggest drops on
the FTSE 250.
Persimmon saw the
largest fall among housebuilders listed on the FTSE 100 biggest fallers, down
7.17% to 2,317p. Berkeley Group came second, falling 6.64% to 4,159p, and
Barratt Developments declined 6.44% to 443.40p.
Over on the FTSE 250
Index, Crest Nicholson toppled by 11.68% to 167.80p.
The falls come
following a subdued day of trading for many, as the UK takes stock of its
rising Covid-19 cases.
The government’s chief
scientific advisor Sir Patrick Vallance addressed the country today, claiming
that the UK could see 50,000 new coronavirus cases a day by mid-October if no
action is taken to curb the spread of the virus.
The FTSE 100 ended
3.38% down on 5,804.29. The FTSE 250 ended the day down 3.98% on 16,870.78.