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Market wrap: OnTheMarket surges after listings growth

Residential listing platform OnTheMarket was one of the biggest winners in an otherwise downbeat market today, with its shares surging by 9.2% following positive year-end results.

It reported the number of agents listing exclusively on the portal had shot up by 42% to 1,619. Its share price rose to end the day at 95p.

Estate agent Countrywide was less fortunate, dropping by 7.02% to 151p after a week on an upwards incline.

In the FTSE 250, Shaftesbury ticked up 3.5% to 514p and PPHE Hotel Group rose by 3.29% to 1,100p.

Housebuilders saw some of the largest drops in a generally downbeat market.

Crest Nicholson fell by 4.07% to 511.79p, Watkin Jones was down 3.75% to 368.24p and Bellway was down 2.6%.

The FTSE 100 ended down 2.31% at 5,989.99 and the FTSE 250 fell by 1.34% to 17.017.05.

Photo © Andy Wong/AP/Shutterstock

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