FTSE 250 movers: Brexit woes hit property shares; Acacia shines on gold price rise

Housebuilders were in the red on Tuesday on the back of Brexit worries as the FTSE 250 index moved lower.

Shares in St Modwen Properties fell even after it increased its interim dividend 2% but said it would be likely to take a more cautious approach to strategy after the Brexit decision cast a veil of uncertainty over the UK property market.

After the six months to 31 May, the net asset value of the property regeneration group's assets was 2% higher than the same period last year at 421p on a shareholders' equity basis, while EPRA NAV was up 1% to 451p.

This sentiment across the sector hit fellow builders Bovis, Bellway and Countryside Properties.

A rise in the gold price boosted Acacia Mining and Centamin.

Market Movers

FTSE 250 (MCX) 15,662.58 -2.82%

FTSE 250 - Risers

Acacia Mining (ACA) 490.70p 1.47%
Sophos Group (SOPH) 213.70p 1.28%
Millennium & Copthorne Hotels (MLC) 399.60p 1.04%
Worldwide Healthcare Trust (WWH) 1,926.00p 0.84%
Victrex plc (VCT) 1,519.00p 0.66%
Woodford Patient Capital Trust (WPCT) 83.00p 0.48%
Hochschild Mining (HOC) 203.80p 0.44%
Tate & Lyle (TATE) 685.00p 0.44%
Centamin (DI) (CEY) 146.80p 0.34%
JPMorgan Emerging Markets Inv Trust (JMG) 637.00p 0.16%

FTSE 250 - Fallers

Shawbrook Group (SHAW) 138.00p -14.50%
St. Modwen Properties (SMP) 225.30p -13.08%
Countryside Properties (CSP) 190.90p -11.70%
OneSavings Bank (OSB) 182.30p -10.55%
Virgin Money Holdings (UK) (VM.) 231.90p -8.92%
Aldermore Group (ALD) 112.90p -8.29%
Amec Foster Wheeler (AMFW) 447.70p -8.11%
McCarthy & Stone (MCS) 148.50p -8.05%
Bovis Homes Group (BVS) 649.50p -8.00%
Bellway (BWY) 1,705.00p -7.79%