FTSE 100 movers: Defensives eke out some gains amid heavy selloff

London’s FTSE 100 was down 2.3% at 7,985.98 in afternoon trade on Monday, suffering its worst session in more than a year.

Amid a wide-scale selloff, defensives managed some gains, with Reckitt Benckiser and Haleon both in the black. Meanwhile, Diageo and GSK suffered only small losses.

Richard Hunter, head of markets at Interactive Investor, called the moves in defensives "half-hearted".

Elsewhere, Scottish Mortgage Investment Trust and Pershing Square - which are particularly exposed to the US - were both under the cosh.

FTSE 100 - Risers

Reckitt Benckiser Group (RKT) 4,203.00p 1.28%
Darktrace (DARK) 594.40p 0.10%
Haleon (HLN) 368.10p 0.08%
RELX FINANCE BV 3.375% GTD NTS 20/03/33 (BW73) 99.72p 0.00%
Diageo (DGE) 2,372.50p -0.32%
B&M European Value Retail S.A. (DI) (BME) 452.50p -0.42%
GSK (GSK) 1,554.00p -0.54%
Prudential (PRU) 640.40p -0.77%
InterContinental Hotels Group (IHG) 7,300.00p -0.90%
Pearson (PSON) 1,038.00p -1.10%

FTSE 100 - Fallers

Scottish Mortgage Inv Trust (SMT) 736.80p -9.39%
Melrose Industries (MRO) 437.30p -9.39%
Entain (ENT) 499.70p -7.39%
Smurfit Westrock (DI) (SWR) 3,036.00p -6.87%
Fresnillo (FRES) 534.00p -6.81%
Pershing Square Holdings Ltd NPV (PSH) 3,350.00p -6.63%
Rolls-Royce Holdings (RR.) 434.10p -6.42%
Intertek Group (ITRK) 4,592.00p -5.98%
Intermediate Capital Group (ICG) 1,862.00p -5.96%
Vodafone Group (VOD) 68.30p -5.48%