FTSE 100 movers: Commodity stocks shining despite weaker market

The FTSE 100 traded lower on Wednesday afternoon as the oil price fell once again due to oversupply concerns, despite commodities stocks moving into positive territory. At 1410 BST the index was down 0.35% to 6,382.81.

Anglo American, Rio Tinto, Antofagasta and BHP Billiton were all in the top 10 risers.

BHP said cut its iron ore production forecasts, but said it was on track to deliver an average unit cost improvement of 14% across its major assets, with productivity gains continuing to be realised.

It also maintained its full-year production guidance for petroleum, copper and coal. Guidance at Western Australian Iron Ore was reduced, however, by 10 Mt to approximately 260 Mt.

On the down side financials such as Hargreaves Landsdown and Provident Financial were out of favour. While Paddy Power Betfair fell on negative comments from Credit Suisse .

FTSE 100 - Risers

Anglo American (AAL) 793.90p 5.50%
Standard Chartered (STAN) 558.80p 3.12%
Rio Tinto (RIO) 2,402.00p 2.96%
Antofagasta (ANTO) 506.50p 2.78%
Intertek Group (ITRK) 3,314.00p 2.60%
HSBC Holdings (HSBA) 465.00p 2.41%
BHP Billiton (BLT) 984.80p 2.10%
Royal Bank of Scotland Group (RBS) 247.90p 2.02%
GKN (GKN) 301.60p 2.00%
Ashtead Group (AHT) 862.50p 1.89%

FTSE 100 - Fallers

Hargreaves Lansdown (HL.) 1,317.00p -4.22%
Paddy Power Betfair (PPB) 8,970.00p -3.86%
BT Group (BT.A) 440.00p -2.46%
Provident Financial (PFG) 2,946.00p -2.42%
TUI AG Reg Shs (DI) (TUI) 1,023.00p -2.20%
ITV (ITV) 233.40p -2.10%
Smith & Nephew (SN.) 1,168.00p -2.10%
Randgold Resources Ltd. (RRS) 6,585.00p -1.94%
Direct Line Insurance Group (DLG) 352.50p -1.92%
Merlin Entertainments (MERL) 452.60p -1.80%