Anglo American (LON: AAL), Clarkson (LON: CKN) and Asian Citrus (LON: ACHL) all slip.
The FTSE 100 (UKX) is creeping up higher today, having put on a further 24 points to reach 6,072 at the time of writing. This further rise comes despite fears that the US Federal Reserve's QE programme is approaching its end.
But even if the FTSE is still rising, there are always individual constituents of the various indices that are not following suit. Here are three that are faltering today:
Anglo American
Shares in Anglo American (LSE: AAL) (NASDAQOTH: AAUKY.US) slipped today, losing 19.5p (1%) to 1,995p on the news that the FTSE 100 miner has agreed to sell its 70% interest in the Amapá iron ore operation in Brazil to Zamin Ferrous Ltd. The company tells us that after the acquisition of the stake in 2008, and its subsequent transformation of the operation's performance, it never had an intention to hold it for the long term.
The terms of the agreement are, apparently, confidential, and the deal is subject to regulatory approval.
Clarkson
Shipping services group Clarkson (LSE: CKN) confirmed in a pre-close trading update that its performance is still in line with prior expectations, and saw its share price drop 11p (1%) to 1,177p. Those expectations were set by the firm's 7 November profit warning, which told us of falling freight rates and lower asset prices, and led to a 9% fall in the share price.
With no revised forecasts since that warning, we really don't know what to expect when full-year results are released on 7 March.
Asian Citrus
Shares in Asian Citrus (LSE: ACHL) fell 2.9% to 29.1p after it was revealed that Huge Market Investments has taken its holding to 6% after receiving three million new shares by way of scrip dividend, making its total holding up to 73.7 million shares.
The Asian Citrus share price had a strong spell post-2009, climbing to 85p by the start of 2011, but it has since fallen steadily.
Finally, how does Britain’s ace investor Neil Woodford avoid share price falls? He goes for a strategy of buying solid blue-chip shares paying dependable long-term dividends. And in doing so, he's built a record of beating the FTSE for nine straight years.
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> Alan does not own any shares mentioned in this article.
