FTSE 100 movers: Prudential, StanChart rally; oil giants gush lower
London’s FTSE 100 was up 0.3% at 8,289.13 in afternoon trade on Thursday.
Prudential and Standard Chartered - both of which are exposed to China - rallied after China pledged more measures to boost the economy.
Miners, which are heavily dependent on demand from China, also gained. Anglo American, Antofagasta, Glencore and Rio were all up.
On the downside, Shell and BP gushed lower amid weaker oil prices, following reports that Saudi Arabia could be lifting its output. Shell was also hit by a downgrade to 'neutral' at Oddo.
British American Tobacco and Rightmove were both in the red as they traded without entitlement to the dividend.
FTSE 100 - Risers
Prudential (PRU) 681.60p 6.17%
Anglo American (AAL) 2,433.00p 5.87%
Antofagasta (ANTO) 2,028.00p 5.62%
Glencore (GLEN) 425.35p 5.52%
Standard Chartered (STAN) 804.80p 5.45%
Diageo (DGE) 2,612.50p 4.60%
Spirax Group (SPX) 7,530.00p 4.44%
Rio Tinto (RIO) 5,272.00p 3.84%
Entain (ENT) 774.20p 3.75%
Weir Group (WEIR) 2,204.00p 3.57%
FTSE 100 - Fallers
Shell (SHEL) 2,414.00p -4.66%
BP (BP.) 384.40p -3.96%
British American Tobacco (BATS) 2,766.00p -2.67%
BAE Systems (BA.) 1,246.00p -2.20%
Tesco (TSCO) 358.40p -2.05%
Compass Group (CPG) 2,424.00p -1.26%
Rightmove (RMV) 664.20p -1.22%
Unilever (ULVR) 4,848.00p -1.08%
Imperial Brands (IMB) 2,177.00p -1.00%
Relx plc (REL) 3,601.00p -0.83%