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Anglo drop leads UK stocks lower

Jan 16 2013 10:58
London - Britain's Top Share index fell back on Wednesday, testing a key technical support level, weighed by weak miners with Anglo American [jse:agl] the leading faller as one of its mines is hit by a strike.

At 10:16, the FTSE 100 index was down 14.83 points, or 0.2% at 6 102.48. Traders said a close below the index's 2011 high at around 6 100 would signal waning buying momentum and may mark the start of a pullback for the index. 

Anglo American shares shed 3.4% after workers at South Africa's Rustenburg operations refused to go underground in a protest at company plans to close mines.  

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