Gaurav Sharma Sharecast News

15 May, 2015 11:43 15 May, 2015 15:45

Sector movers: Natural resources stocks weigh

London-listed natural resources related stocks took another knock on Friday, as the Chinese economy continued to send mixed signals, Greece weighed on sentiment, and oversupply in the oil markets returned to hound trading.

Anglo American

2,277.50p

15:45 15/11/24

1.49%

33.50p

Antofagasta

1,653.50p

15:45 15/11/24

1.07%

17.50p

BHP Group Limited NPV (DI)

2,056.00p

15:45 15/11/24

0.49%

10.00p

BP

384.00p

15:45 15/11/24

1.25%

4.75p

Caza Oil & Gas Inc. (CDI)

0.31p

17:04 09/05/16

0.00%

0.00p

FTSE 100

8,060.61

15:45 15/11/24

n/a

FTSE 250

20,508.75

15:45 15/11/24

n/a

FTSE 350

4,453.56

15:45 15/11/24

n/a

FTSE AIM All-Share

728.67

15:45 15/11/24

n/a

FTSE All-Share

4,411.85

15:45 15/11/24

n/a

Genel Energy

84.40p

15:39 15/11/24

3.18%

2.60p

Mi-Pay Group

1.20p

16:35 03/02/20

11.63%

0.13p

Mining

10,633.77

15:45 15/11/24

1.51%

158.40

Oil & Gas Producers

8,043.72

15:45 15/11/24

1.32%

105.17

Support Services

10,885.48

15:45 15/11/24

-0.85%

-93.62

Tullow Oil

22.10p

15:39 15/11/24

1.94%

0.42p

At 15:00 BST, the FTSE 100 was marginally in the red by 0.27% or 18.53 points at 6954.51 with miners weighing negatively on the blue chip index following mixed signals from China, as the country’s economic data continues to disappoint and business investment down to 15 year lows.

Anglo American (down 3.42%), Fresnillo (down 3.15%), Glencore (down 2.36%) and Antofagasta (down 1.89%) made up four of the five biggest blue chips stocks to take an intraday trading hit.

Evraz (down 5.67%) and Polymetal International (down 2.69%) joined their ranks in the wider market as the dip in base metals prices continued.

Zinc (down 1%), tin (0.8%), nickel (down 2%), lead (down 1.2%) and copper (broadly flat), marked a downbeat overnight close on the London Metal Exchange on Chinese macroeconomic data.

Meanwhile, oil stocks followed miners in to the red after the International Energy Agency observed that a dip in US shale production was being compensated for by a rise in oil production elsewhere, with Saudi Arabia, Kuwait and United Arab Emirates (UAE) ramping up their output to the highest level since 1985.

Blue chips BP (down 1.20%) and Shell (‘A' shares down 1.41%/ 'B' shares down 1.1%) took a knock, with Gulfsands Petroleum (down 11.09%), Xcite (down 6.47%), Premier Oil (down 4.7%), Tullow Oil (down 2.93%), Genel Energy (down 2.78%) and Bowleven (down 2.36%) among other notable stocks to take a hit over a troubling session for the sector.

The biggest faller was small-cap Caza Oil & Gas which shed 13.51% on a poor set of results. Caza said revenues from oil and natural gas sales for the three months to 31 March, plunged 27% year-on-year to $3.37m (£2.14m) and 30% from the previous quarter, due to lower oil and natural gas prices.

Elsewhere, Canaccord Genuity downgraded energy services outfit Wood Group (down 2.11%) from 'hold' to 'sell' and cut its target price from 650p to 625p following recent strong gain in the shares.

Worst five sectors

Industrial Metals & Mining 1,924.44 -107.35 -5.28%
Oil Equipment, Services & Distribution 18,627.10 -345.27 -1.82%
Mining 14,312.98 -237.54 -1.63%
Oil & Gas Producers 7,285.03 -108.07 -1.46%
Food & Drug Retailers 3,161.45 -26.62 -0.84%

Top five sectors

Travel & Leisure 8,899.02 +95.81 +1.09%
Real Estate Investment Trusts 3,436.14 +35.87 +1.05%
Non-life Insurance 2,103.06 +21.23 +1.02%
Real Estate Investment & Services 3,174.36 +28.81 +0.92%
Financial Services 9,881.06 +85.45 +0.87%