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