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Market wrap: Housebuilders defy downbeat market

The UK’s largest housebuilders clocked some of the sharpest gains on the markets today, defying a general drop in the FTSE 350.

Persimmon rose 2.58%, Barratt was up 1.96% and Berkeley Group gained 1.84%, taking three of the top 10 riser spots on the FTSE 100.

Elsewhere, Redrow climbed 2.1%, with further rises from Taylor Wimpey, Bellway and Crest Nicholson.

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