| Earlier this month it was revealed that millions of pounds were wiped off the value of publicly listed
construction companies after the single biggest fall in the
history of the UK stock market.
The massive drop occurred on the 7th October and saw the FTSE 100 drop 391 points to a close of
4589.19 – a fall of 7.85 per cent compared with the previous day and a loss of roughly £93.4 billion.
Construction
industry firms also experienced large falls with the FTSE 350
Construction and Materials sector dropping 7 per cent from 3318.71 to
3083.80.
The FTSE 350 Support Services sector also dropped 5.52 per cent from 3052.6 to a close of 2884.09. | 