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Arch Coal, JPMorgan, MGM Mirage, MidSouth: U.S. Equity Movers

Nov. 27 (Bloomberg) -- Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses and share prices are as of the 1 p.m. close in New York.

Banks declined after Dubai World, the government investment company burdened by $59 billion of liabilities, roiled markets around the world by seeking to delay repayment on much of its debt. Lenders led the retreat in global markets yesterday, when the U.S. stock market was closed for the Thanksgiving holiday.

Bank of America Corp. (BAC:US) lost 3 percent to $15.47. Citigroup Inc. (C:US) fell 2.6 percent to $4.06. Wells Fargo & Co. (WFC:US) dropped 2.5 percent to $27.14. Goldman Sachs Group Inc. (GS:US) slumped 2.8 percent to $164.16.

Metal producers and coal companies also dropped as commodities declined on Dubai’s attempt to reschedule debt.

Silvercorp Metals Inc. (SVM:US) lost 5.9 percent to $7.35, Seabridge Gold Inc. (SA:US) fell 6.6 percent to $25.50, and Northern Dynasty Minerals Ltd. (NAK:US) dropped 6.4 percent to $7.41. Freeport-McMoRan Copper & Gold Inc. (FCX:US) fell 3.6 percent to $84.14.

Alpha Natural Resources Inc. (ANR:US), the third-biggest U.S. coal company, slid 4.9 percent to $37.40. Arch Coal Inc. (ACI:US), the second-biggest, fell 2.7 percent, to $21.12. Peabody Energy Corp. (BTU:US), the largest coal company, dropped 3.1 percent to $44.56.

ING Groep NV (ING:US) dropped 20 percent, the most since March 5, to $9.84. The biggest Dutch financial-services company offered to sell 7.5 billion euros ($11.19 billion) of shares to repay state aid ahead of schedule.

MGM Mirage (MGM:US) dropped 4.1 percent to $10.56, the lowest price since Nov. 12. Dubai World, the casino owner’s partner in the largest development on the Las Vegas Strip, is asking creditors for a “standstill” agreement as it negotiates to extend debt maturities. The restructuring is unlikely to affect the $8.5 billion project, the Wall Street Journal reported, citing a person familiar with the matter.

Las Vegas Sands Corp. (LVS:US) lost 4.2 percent to $15.79.

MidSouth Bancorp Inc. (MSL:US) fell 4.6 percent, the most since Aug. 28, to $12.80. The holding company of MidSouth Bank N.A. and Lamar Bank said it plan to sell as much as $30 million of shares, raising money to fund potential acquisitions.

To contact the reporter on this story: Mary Childs in New York at mchilds4@bloomberg.net.

Last Updated: November 27, 2009 13:14 EST

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