(MENAFN- ProactiveInvestors) It was a grim day for blue-chips especially the resource stocks after growth jitters were revived by The World Bank.
The bank cut its growth forecasts for 2015 based on lower prospects for the Eurozone Japan Brazil and Russia.
That was a screaming 'sell' signal for commodity plays and the likes of Glencore () down 9.3% Anglo-American (LON:AACP) down 9.0% and () down 5.3% bore the brunt.
A slow-down in industrial activity also spells bad news for quality control specialist Intertek () which shed 5%.
The FTSE 100 ended the day down 154 points or 2.4% at 6388.
The day's worst performer however came from the oil sector where KEA Petroleum () shed around a third of its value after a grisly operational update.
It has shut-down operations at the Puka field in New Zealand after wrestling with mechanical problems with the Puka 1 well while production continued from the Puka 2 well. It has however now been concluded that the problem cannot be solved with the currently available equipment.
Sierra Leone-focused () could not escape the metals sector's woes even though it said it expects to receive a revised valuation of assets by the middle of next month.
It follows the compilation of maiden JORC-compliant resource statement for the banded iron ore deposit on the Ferensola project.Shares tumbled 19.2%.
Also under the cosh was Deltex Medical () after it warned annual losses will be £1.2mln higher than expected.
This should not have been a total surprise as the shortfall was flagged in a trading update on Christmas Eve but the shares plunged 17% nonetheless.
On a more encouraging note NHS Supply Chain has purchased 60 of Deltex’s monitors its largest sale to date to enable more UK hospitals to implement oesophageal Doppler monitoring (ODM).
Providing a bit of cheer was SeaEnergy () which announced its Return To Scene subsidiary has picked up its first contract in Canada.
The business which provides an interactive desktop-based photographic 360 degree record of oil and gas facilities is already on site in Canada said SeaEnergy.
Metal Tiger (LON:MTR) hardened 6% as it finalised its uranium exploration joint venture with (). Kibo is poised to receive a £300000 cash injection from Metal Tiger.
() was wanted after it said it is taking over ISDX-listed tiddler North American Petroleum in an all share deal that will help it grow its cash flow and production during the current period of weaker oil prices.
The shares rose 4.8%.
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