Portfolio

FTSE 250 movers: Housebuilders up; Hochschild Gold loses its shine

By Michele Maatouk

Date: Monday 06 Jul 2020

FTSE 250 movers: Housebuilders up; Hochschild Gold loses its shine

(Sharecast News) - London's FTSE 250 was up 1.2% at 17,501.86 in afternoon trade on Monday.
Housebuilders Vistry and Redrow advanced after FTSE 100 peer Barratt Developments said its current forward order book was strong with sales ahead of the same time last year as it emerged from the coronavirus lockdown that closed all its sites.

The sector was also boosted by reports that Chancellor Rishi Sunak will announce plans this week to raise the threshold at which people start paying stamp duty to as much as £500,00 from £125,000.

On the downside, Energean was knocked lower as RBC Capital Markets downgraded the stock to 'sector perform' from 'outperform' on valuation grounds.

Petropavlovsk lost ground after major shareholder Prosperity Capital Management notified the Russian miner that it intended to call a general meeting to consider the election of directors who were ousted at the annual meeting last month.

Cineworld fell as it said it plans to counter-claim against Cineplex, after the Canadian cinema chain announced at the end of last week that it was filing a lawsuit against it for backing out of a $2.1bn deal.

Hochschild Mining lost ground as it said it was suspending operations at its Inmaculada mine in Peru after some of its workers tested positive for Covid-19. The South America-focused miner said the infections occurred "despite taking a number of preventative measures, including a comprehensive testing programme as well as quarantine for all employees".

FTSE 250 - Risers

Hammerson (HMSO) 90.28p 8.43%
Investec (INVP) 169.50p 6.77%
Ibstock (IBST) 184.00p 6.05%
Vistry Group (VTY) 721.50p 5.95%
Redrow (RDW) 451.60p 5.71%
Brewin Dolphin Holdings (BRW) 264.00p 5.18%
Fidelity China Special Situations (FCSS) 302.00p 5.04%
Countryside Properties (CSP) 343.80p 5.01%
Rathbone Brothers (RAT) 1,532.00p 4.93%
ICG Enterprise Trust (ICGT) 766.00p 4.93%

FTSE 250 - Fallers

Energean (ENOG) 552.00p -9.36%
Mitchells & Butlers (MAB) 177.80p -6.12%
Petropavlovsk (POG) 24.95p -4.22%
Cineworld Group (CINE) 58.20p -3.26%
TI Fluid Systems (TIFS) 183.60p -2.75%
Go-Ahead Group (GOG) 792.00p -2.70%
Hochschild Mining (HOC) 183.10p -2.55%
Future (FUTR) 1,240.00p -2.52%
Wetherspoon (J.D.) (JDW) 1,029.00p -2.37%
Clarkson (CKN) 2,320.00p -2.32%

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