FTSE 250 movers: Slump in commodities pulls mining stocks lower
The FTSE 250 dropped 1.11% at the close, with Kaz Minerals the biggest faller on the London index as commodity prices declined.
Aerospace and Defence
11,646.40
15:45 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
General Retailers
4,597.92
15:44 15/11/24
Harbour Energy
253.90p
15:44 15/11/24
Home Reit
0.00p
17:30 25/09/24
KAZ Minerals
849.00p
16:40 10/05/21
Mining
10,633.77
15:45 15/11/24
Oil & Gas Producers
8,043.72
15:45 15/11/24
Tullow Oil
22.10p
15:39 15/11/24
Ultra Electronics Holdings
3,500.00p
17:09 29/07/22
Shares in Kaz Minerals plunged 26.35%, along with a batch of other miners in the sector as investors digested a drop in metal prices and weak Chinese industrial profits data.
A slump in oil prices also hit Tullow Oil and Premier Oil, with Brent crude futures down 2.05% to $47.62 per barrel and West Texas Intermediate crude down 2.1% to $44.72 per barrel.
Going the other way, Home Retail Group surged after Cantor Fitzgerald upgraded the company from ‘hold’ to ‘buy’.
Ultra Electronics rallied after JP Morgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’.
FTSE 250 - Risers
Home Retail Group (HOME) 136.30p +2.10%
Renishaw (RSW) 2,011.00p +1.98%
Ultra Electronics Holdings (ULE) 1,684.00p +1.51%
Poundland Group (PLND) 279.20p +1.42%
Saga (SAGA) 204.00p +1.34%
Ophir Energy (OPHR) 82.30p +1.29%
Mitie Group (MTO) 287.40p +1.23%
AO World (AO.) 161.80p +1.12%
Big Yellow Group (BYG) 719.00p +0.98%
Ted Baker (TED) 3,195.00p +0.95%
FTSE 250 - Fallers
Kaz Minerals (KAZ) 74.75p -26.35%
Allied Minds (ALM) 334.10p -12.08%
Tullow Oil (TLW) 157.60p -7.02%
Worldwide Healthcare Trust (WWH) 1,700.00p -6.90%
Just Retirement Group (JRG) 162.40p -6.67%
Premier Oil (PMO) 63.10p -6.03%
Vedanta Resources (VED) 429.10p -5.78%
John Laing Group (JLG) 190.00p -4.95%
Weir Group (WEIR) 1,114.00p -4.46%
CLS Holdings (CLI) 1,795.00p -4.22%