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Sector movers: Miners climb on China, investors mostly await Brexit vote

Tue 15 January 2019 13:49 | A A A

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(Sharecast News) - Gains for miners were among the few strong sector trends on Tuesday, as investors adopted a wait-and-see approach as MPs debated Brexit ahead of the "meaningful" vote on Theresa May's deal due in the evening.

Technology hardware and leisure goods were the top performing sectors, but both counts just one FTSE 350 company apiece, Spirent and Games Workshop respectively, which were both up on the back of trading updates.

Spirent boasted of a 30% boost to adjusted operating profit, exceeding market expectations, while Games Workshop announced a special dividend as it reported pre-tax profits up 7%.

Other tech companies such as Ocado, Micro Focus and Sage were among the top risers in the FTSE 100 were caught up in a friendly upsurge from Wall Street, where the Nasdaq index was surging amid strong performances from the FAANG stocks, led by Netflix.

The mining sector was on the front foot after China unveiled plans for further economic stimulus. Antofagasta, BHP and Rio Tinto led the gains.

Aerospace & decence was one of the sector that could have been benefitting from the weakness in the pound, which was down 0.75% against the dollar by late afternoon.

Housebuilders, which analysts have suggested will make strong gains in the event of a "positive" outcome for Brexit in parliament, were mostly in the red.

Banks, which are expected to do even better from a positive outcome, were mixed. Likewise, the sectors registering the biggest falls were all mixed, with almost as many stocks in the green as in the red in real estate, transport and financial services.

Ahead of the Commons vote on May's proposed Brexit deal, and with two and a half months left before the 29 March deadline, equity strategists at Morgan Stanley suggested the FTSE 100 would see a 5% rally after a perceived "positive" outcome, with the FTSE 250 jumping 10-15%, domestic banks getting a 25-30% boost and real estate stocks likely to be the other biggest beneficiaries, followed by housebuilders and retailers.

Top performing sectors so far today

Technology Hardware & Equipment 1,142.07 +15.65%

Leisure Goods 8,230.77 +4.76%

Aerospace and Defence 4,723.60 +2.11%

Software & Computer Services 1,814.02 +1.44%

Electronic & Electrical Equipment 6,547.47 +1.35%

Bottom performing sectors so far today

Industrial Metals & Mining 4,540.44 -0.82%

Industrial Transportation 2,248.23 -0.69%

Mobile Telecommunications 3,293.98 -0.65%

Real Estate Investment & Services 2,427.44 -0.44%

Financial Services 9,839.43 -0.14%

Market Movers

FTSE 100 (UKX) 6,903.80 0.71%

FTSE 250 (MCX) 18,455.19 0.20%

techMARK (TASX) 3,374.04 1.19%

FTSE 100 - Risers

Rolls-Royce Holdings (RR.) 886.00p 2.62%

3i Group (III) 835.60p 2.53%

Smurfit Kappa Group (SKG) 2,218.00p 2.50%

Ocado Group (OCDO) 899.20p 2.41%

Sage Group (SGE) 604.60p 2.13%

Reckitt Benckiser Group (RB.) 6,265.00p 1.95%

Land Securities Group (LAND) 867.00p 1.95%

Micro Focus International (MCRO) 1,500.00p 1.94%

BAE Systems (BA.) 506.00p 1.89%

Antofagasta (ANTO) 829.80p 1.89%

FTSE 100 - Fallers

ITV (ITV) 133.15p -3.30%

GVC Holdings (GVC) 680.50p -2.09%

Barratt Developments (BDEV) 499.90p -1.56%

Standard Life Aberdeen (SLA) 263.75p -1.49%

Evraz (EVR) 477.50p -1.42%

Kingfisher (KGF) 220.90p -1.38%

Paddy Power Betfair (PPB) 6,180.00p -1.28%

International Consolidated Airlines Group SA (CDI) (IAG) 597.00p -1.22%

Pearson (PSON) 981.20p -1.05%

Taylor Wimpey (TW.) 155.50p -0.96%

FTSE 250 - Risers

Spirent Communications (SPT) 145.00p 15.81%

Halfords Group (HFD) 232.00p 6.13%

Hays (HAS) 148.50p 4.87%

Rank Group (RNK) 160.40p 4.02%

Games Workshop Group (GAW) 3,275.85p 4.00%

Dechra Pharmaceuticals (DPH) 2,422.00p 3.42%

Funding Circle Holdings (FCH) 317.20p 3.22%

Rathbone Brothers (RAT) 2,380.00p 2.67%

Ibstock (IBST) 231.40p 2.66%

Cobham (COB) 106.65p 2.60%

FTSE 250 - Fallers

Provident Financial (PFG) 522.00p -19.32%

888 Holdings (888) 164.90p -7.20%

Just Group (JUST) 94.15p -5.66%

Capita (CPI) 113.05p -5.56%

Savills (SVS) 726.00p -5.04%

Sanne Group (SNN) 512.00p -4.30%

William Hill (WMH) 162.65p -3.50%

Centamin (DI) (CEY) 117.50p -3.17%

Superdry (SDRY) 513.50p -3.11%

Mediclinic International (MDC) 317.30p -2.97%

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