FTSE 250 movers: Afren sweating on Seplat deadline, Chinese stocks hit
Takeover target Afren was weaker as the deadline for suitor Seplat to return to the table with a possible offer was extended. The Nigerian group approached its FTSE 250 peer last month about a potential tie-up and has until 17:00 on Friday 30 January to ‘put up or shut up’, according to takeover rules.
Afren
1.79p
16:34 14/07/15
Equity Investment Instruments
12,024.90
15:45 15/11/24
Fidelity China Special Situations
210.50p
15:44 15/11/24
FTSE 250
20,508.75
15:45 15/11/24
FTSE 350
4,453.56
15:45 15/11/24
FTSE All-Share
4,411.85
15:45 15/11/24
Harbour Energy
253.90p
15:44 15/11/24
Hunting
304.50p
15:30 15/11/24
Oil & Gas Producers
8,043.72
15:45 15/11/24
Oil Equipment, Services & Distribution
4,928.34
16:30 25/09/24
Pharos Energy
21.40p
14:14 15/11/24
Wood Group (John)
49.84p
15:39 15/11/24
Fidelity China Special Situations fell as Chinese stocks were hit by a clampdown on the country's three largest stockbrokers from opening new margin trading accounts for three months. China's stock market fell 7.7% on the news, its biggest drop since 2009.
Also falling was Soco International, after the company had its price target cut from £3.35 to £2.85 by JPMorgan in a note to clients on Monday.
Meanwhile, Premier Oil shares were boosted by a favourable Credit Suisse report, which hailed management's achievement of 10% cost cut across both operating costs and corporate overhead.
Oil services stocks were also up despite falling oil prices, including Hunting and Wood Group.
Risers
esure Group (ESUR) 236.40p +6.01%
Premier Oil (PMO) 146.30p +4.05%
Hays (HAS) 149.50p +3.46%
Centamin (DI) (CEY) 70.85p +3.43%
NMC Health (NMC) 484.00p +2.98%
Hunting (HTG) 457.20p +2.95%
Playtech (PTEC) 669.50p +2.92%
Lonmin (LMI) 177.10p +2.91%
Worldwide Healthcare Trust (WWH) 1,815.00p +2.89%
Wetherspoon (J.D.) (JDW) 823.00p +2.88%
Fallers
Afren (AFR) 26.85p -9.60%
Card Factory (CARD) 267.80p -4.19%
Fidelity China Special Situations (FCSS) 134.60p -4.13%
Vedanta Resources (VED) 389.90p -3.82%
Soco International (SIA) 255.50p -2.14%
Jimmy Choo (CHOO) 169.20p -1.97%
Capital & Counties Properties (CAPC) 367.10p -1.53%
COLT Group SA (COLT) 128.20p -1.31%
Grainger (GRI) 185.80p -1.22%
Derwent London (DLN) 3,128.00p -1.17%