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FTSE100 finishes lower but small caps fare better

FTSE100 finished down on Thursday but small cap shares did better. FTSE100 closed down 24.74 to 6,136, while the FTSEAIM 100 added 0.44% to stand at 3,387 and the wider FTSE AIM All-share gained a tad - 0.22%- to stand at 717.020.

FTSE100 finished down on Thursday but small cap shares did better.

FTSE100 closed down 24.74 to 6,136, while the FTSEAIM 100 added 0.44% to stand at 3,387 and the wider FTSE AIM All-share gained a tad - 0.22%- to stand at 717.020.

The biggest laggard on the premier UK index was Glencore (LON:GLEN), which fell 5.71% to stand at 131.95p, despire firmer commodities and an almost 6% jump in Brent crude. Gold rose 1.69% to US$1,242 an ounce.

Speaking of gold, in small caps Connemara Mining PLC (LON:CON) was the runaway winner - adding 116% on the day to stand at 2.88p a share.

It was by far the biggest gainer in London and came of the back of news from drilling in Northern Ireland, which confirmed "without a doubt" a gold bearing vein system.

It comes from the results from a short-hole drilling programme on the group's gold licences in Inishowen, County Donegal.

Grafenia (LON:GRA) added over 15% to 11.25p as it beat expectations despite a prior profit warning.

The company, formerly known as printing.com said its trade service for print resellers, Marqetspace, had exceeded expectations.

Bezant Resources (LON:BZT) gained 14.29% to stand at 2p each, while in oil Sacoil (LON:SAC) went up 17.39% to stand at 1.35p.

On the flip side, 88Energy (LON:88E) plunged 30.77% to 2.25p after the firm today issued a statement to clarify a number of points following yesterday’s announcement regarding the third party assessment by DeGolyer & MacNaughton (D&M).

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