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FTSE 100 movers: Mining and oil stocks jump, housebuilders fall

15:22, 2nd April 2024

London's benchmark index was trading slightly in the red on Tuesday afternoon as impressive gains in the mining and oil sectors were outweighed by consumer-products stocks and property developers.

Commodities stocks dominated the risers list as the price of gold and oil jumped. Brent crude was up 0.7% at $87.97 a barrel, having touched an earlier high of $89.08, on the back of optimism regarding rising demand in the US and China, along with supply concerns due to rising geopolitical tensions in the Middle East.

Fresnillo, Anglo American, Shell, BP, Glencore, Rio Tinto and Antofagasta were all rising strongly.

Leading the fallers was consumer-goods giant Reckitt Benckiser, which dropped 4%, along sports betting group Entain.

Housebuilders were also firmly in the red after Nationwide data revealed that UK house prices fell 0.2% in March after a 0.7% gain the month before. Persimmon and Taylor Wimpey were both trading with heavy losses, along with other real estate developers Land Securities, Segro and Unite Group.

Biopharma giant AstraZeneca was trading with small losses despite receiving the green light from US regulators for its Voydeva drug.


FTSE 100 - Risers

Fresnillo (FRES) 510.50p 8.64%
Anglo American (AAL) 2,041.50p 4.60%
Shell (SHEL) 2,716.00p 3.47%
BP (BP.) 509.50p 2.78%
Glencore (GLEN) 447.30p 2.76%
Rio Tinto (RIO) 5,150.00p 2.65%
Convatec Group (CTEC) 291.40p 1.75%
Beazley (BEZ) 675.00p 1.43%
Antofagasta (ANTO) 2,068.00p 1.42%
United Utilities Group (UU.) 1,040.50p 1.12%

FTSE 100 - Fallers

Reckitt Benckiser Group (RKT) 4,320.00p -4.26%
Entain (ENT) 767.00p -3.81%
Ocado Group (OCDO) 439.00p -3.54%
Land Securities Group (LAND) 637.00p -3.22%
Unite Group (UTG) 948.00p -3.07%
Persimmon (PSN) 1,278.00p -2.89%
SEGRO (SGRO) 877.80p -2.88%
Taylor Wimpey (TW.) 133.25p -2.77%
Compass Group (CPG) 2,263.00p -2.58%
GSK (GSK) 1,664.50p -2.58%


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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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