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Sector movers: Oil equipment, lenders shares pace gains

By Alexander Bueso

Date: Monday 19 Oct 2020

Sector movers: Oil equipment, lenders shares pace gains

(Sharecast News) - The more cyclicals areas of the stockmarket were sought out on Monday following reports at the weekend that appeared to point to an increased likelihood of an agreement in the US Congress on a new fiscal stimulus package.
Those better odds were reflected in the yield on the benchmark 10-year US Treasury note which was near its highest level in roughly five months.

Linked to the above, lenders' shares were near the top of the leaderboard for the FTSE 350.

To take note of, in the background US President Donald Trump appeared to be mounting a bit of a comeback in polls of voters' intention in so-called battleground states, with energy stocks possibly set to benefit if that trend continued, not to mention should he surprise most pollsters and win the White House again.

Top performing sectors so far today

Oil Equipment, Services & Distribution 4,075.63 +2.28%

Banks 1,940.84 +1.09%

Automobiles & Parts 2,785.10 +0.89%

Real Estate Investment Trusts 2,450.77 +0.71%

Industrial Transportation 2,073.32 +0.66%

Bottom performing sectors so far today

Tobacco 26,997.49 -1.64%

Chemicals 12,903.53 -1.54%

Fixed Line Telecommunications 1,240.56 -1.33%

Household Goods & Home Construction 16,996.00 -1.29%

Electricity 7,764.35 -1.24%

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