FTSE ends 6-day winning run

By Dominic Lau

LONDON (Reuters) - Britain's leading share index fell 2.3 percent on Wednesday, ending a six-session winning streak, as investors shifted their focus back to the faltering economy after Democrat Barack Obama won the U.S. presidential race.

The FTSE 100 closed down 108.77 points at 4,530.73, after gaining nearly 20 percent in the previous six sessions. More than 1.1 billion shares changed hands, compared to Tuesday's 1.49 billion and last week's average of 1.54 billion.

The UK benchmark is still down nearly 30 percent this year, part of a global equity slump sparked by a credit crisis that shook the world's top banks and slowed the economy.

Energy stocks took the most points off the index as crude prices fell. BP, Royal Dutch Shell, BG Group, Tullow Oil and Cairn Energy shed between 1.9 and 4.8 percent. Shell also traded ex-dividend.

Some analysts said Obama was seen as anti-big oil companies so investors took profit in them.

Miners languished on weaker metal prices and after Morgan Stanley cut its price targets on a number of companies in the sector.

Anglo American, Vedanta Resources, Eurasian Natural Resources, Kazakhmys, Xstrata, Lonmin were down between 6.6 and 12 percent.

Highlighting the weakness in the local economy, the dominant services sector shrank in October at its fastest pace since the series began in 1996, data from the Chartered Institute of Purchasing and Supply said.