Dear readers,
We are glad to announce the launch of our new website, https://uk.webfg.com. There you will continue to have access to the full content of the Sharecast newswire, alongside an improved and expanded suite of market data and research tools for both the UK and the main international markets. As a first step in the transition to the new site, over coming days and weeks the news and data pages on Sharecast.com will redirect you towards the new website which we earnestly hope you will find even more useful than the current service. Should anyone like to comment or provide constructive criticism on the new layout or what features they would like to see added or deleted, do please send us an e-mail to info@digitallook.com. Lastly, of course, we wish to express our heartfelt gratitude for your support and encouragement over the years as we continued to grow and expand the service.
Very best,
Sharecast

Login/Register

Sector movers: Oil equipment and service names lead gains

Market Buzz

Sector movers: Oil equipment and service names lead gains

Fri, 23 February 2018
http://stmedia.digitallook.com/web/img/dl/weirgroup_opt1.jpg
bool(true)
Sector movers: Oil equipment and service names lead gains

(ShareCast News) - The US Department of Energy's inventory figures for the week ending 16 February showed oil inventories in the States declined by 1.6m barrels a day as net imports (exports minus imports) shrank by roughly 1.59m b/d, pushing net imports below the 5.0m barrel a day mark for the first time since 1992, alongside flat domestic production.
As an aside, in its latest Annual Energy Outlook the Energy Information Administration, the DoE's statistical arm, projected that US tight oil output would exceed 8.2m b/d by the early 2040s and account for 70% of total US output, versus 54% in 2017.

Elsewhere, corporate results were the main driver behind Thursday's sector movements.

Centrica stock outperformed the market and its peer group by a wide margin, helping to lift the space to the second spot on the leaderboard.

Shares jumped from near their 52-week lows despite reporting a 17% drop in its adjusted full year operating profits - alongside plans for 4,000 layoffs by 2020.

Similarly, results out of RSA, British American Tobacco and BAE Systems accounted for moves in their respective areas of the markets.

Among banks however, the lift in Barclays stock after the lender revealed its intention to more than double its dividend payout in 2018 to 6.5p was offset by selling in HSBC.

Top performing sectors so far today

Oil Equipment, Services & Distribution +2.74%

Gas, Water & Multiutilities +1.68%

Electricity +1.24%

Industrial Metals & Mining +1.07%

Insurance (non-life) +0.85%

Bottom performing sectors so far today

Tobacco -2.14%

Forestry & Paper -1.76%

Aerospace and Defence -1.51%

Beverages -1.12%

Banks -0.95%





NASDAQ 100 Top Risers

Name Last Chg.% Time
Tesla Inc 346.17 3.86 23:05
Align Technology Inc. 259.68 2.99 22:56
PACCAR Inc. 70.40 1.70 22:27
Fiserv Inc. 142.11 1.66 22:57
Dish Network Corp. 43.87 1.60 22:27

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Synopsys Inc. 84.38 -4.61 22:28
Alexion Pharmaceuticals Inc. 114.59 -2.14 22:41
QUALCOMM Inc. 62.18 -1.92 23:08
Hasbro Inc 97.31 -1.78 22:27
DENTSPLY Sirona Inc. 57.11 -1.64 23:00