FTSE 250 movers: Ferrexpo climbs leaderboard on iron ore price surge

London’s FTSE 250 was down 0.01% to 18,166.63 in afternoon trade.

Iron ore miner Ferrexpo paced gains on the second-tier index amid a surge in prices overnight as concern grew of winter supply issues for steel in China that sent both rebar and bulk metals futures higher.

Nostrum rebounded almost 5% in early afternoon trading following a stint at the bottom-end of the board on Friday, off the back of slightly higher national gas prices. To take off, during the previous session they had plumbed their lowest closing level year-to-date.

Higher quotes for steel rebar were also behind shares in Evraz pushing into the top three on the leaderboard.

At the opposite end of the spectrum was Ultra Electronics, which has seen a recent spate of selling following sustained share price appreciation over the last five years. The firm reported its half-year results on Monday before the open, telling shareholders it remained confident on the full-year outlook.

Euromoney followed it as the second largest faller, while Cobham gave back gains following a rise towards the end of the previous week.

FTSE 250 - Risers

Ferrexpo (FXPO) 262.80p 5.88%
Evraz (EVR) 261.50p 4.77%
Nostrum Oil & Gas (NOG) 406.90p 4.33%
Just Group (JUST) 152.50p 3.88%
QinetiQ Group (QQ.) 243.70p 3.79%
Acacia Mining (ACA) 183.70p 3.79%
Carillion (CLLN) 58.45p 3.36%
esure Group (ESUR) 292.70p 3.10%
Hochschild Mining (HOC) 312.40p 3.00%
Vedanta Resources (VED) 763.50p 2.14%

FTSE 250 - Fallers

Ultra Electronics Holdings (ULE) 1,975.00p -4.59%
Euromoney Institutional Investor (ERM) 1,124.00p -3.77%
Cobham (COB) 137.70p -3.37%
Polypipe Group (PLP) 400.00p -3.08%
Petrofac Ltd. (PFC) 469.20p -2.86%
AA (AA.) 201.40p -2.42%
Telecom Plus (TEP) 1,143.00p -2.22%
Rank Group (RNK) 233.50p -2.14%
Dignity (DTY) 2,402.00p -1.84%
Coats Group (COA) 75.85p -1.69%