FTSE 100 movers: Miners decline on the back of Chinese data

The FTSE 100 started the day on a high but by mid-afternoon had dropped to 6,359.06, down 18.98 points (0.30%) as analysts started to crunch data from China.

The biggest fallers came from the mining sector after base and precious metals were all down on the day.

It came after China’s National Bureau of Statistics said gross domestic product rose 6.9% in the third quarter - the worst rate of growth since the first quarter of 2009.

On top of that, Chinese industrial production rose 5.7% in September, missing economists’ expectations of a 6% gain.

As a result, miners Anglo American, Glencore, Fresnillo and Antofagasta were leading the FTSE 100 fallers

Compass Group led the risers after Fitch changed sector peer Elior’s outlook to positive and reaffirmed its BB- rating. That sent shares in Compass up over 1%.

FTSE 100 - Risers

Compass Group (CPG) 1,066.00p 1.14%
Experian (EXPN) 1,095.00p 0.83%
Hammerson (HMSO) 619.50p 0.81%
Barclays (BARC) 252.80p 0.80%
Hikma Pharmaceuticals (HIK) 2,086.00p 0.77%
Land Securities Group (LAND) 1,306.00p 0.77%
Bunzl (BNZL) 1,841.00p 0.77%
Whitbread (WTB) 4,720.00p 0.62%
Diageo (DGE) 1,847.00p 0.57%
Reckitt Benckiser Group (RB.) 6,141.00p 0.47%

FTSE 100 - Fallers

Anglo American (AAL) 629.90p -6.72%
Glencore (GLEN) 111.90p -3.53%
Fresnillo (FRES) 739.50p -2.63%
Antofagasta (ANTO) 566.50p -2.24%
Johnson Matthey (JMAT) 2,434.00p -2.13%
Ashtead Group (AHT) 929.50p -2.11%
BHP Billiton (BLT) 1,108.50p -1.86%
CRH (CRH) 1,723.00p -1.77%
Randgold Resources Ltd. (RRS) 4,492.00p -1.75%
Burberry Group (BRBY) 1,257.00p -1.57%