LONDON (ShareCast) - A near-9% jump in the share price of Spectris has boosted the electronic and electrical equipment sector today, with constituents making an average gain of 4.34%.
Spectris, the precision instrumentation and controls company, saw like-for-like revenue growth across all four of its sectors during the period from 1 July to 10 November.
The Materials Analysis, Test and Measurement and Industrial Controls sectors continued to report double-digit sales growth, albeit at a slower pace than that reported in the first half of 2011. Meanwhile, the in-line Instrumentation division, which had a strong recovery in 2010, has now returned to more normalised growth levels.
Just before the close in London, shares were up 8.87% at 1,338p. Sector peers CAP-XX and TT Electronics were also making decent gains of around 4%.
Meanwhile, the personal goods sector was the only category registering a loss in the afternoon, as sector giant Burberry was among the four lone stocks falling on the FTSE 100.
The luxury brand is due to release its first half results on Tuesday, and while it has already confirmed that revenues rose 30% in the six months ended 30 September, the focus next week will likely be on margins, cash flow and outlook comments.
Shares were down by 1.01% to 1,377p.
BC
Top performing sectors so far today
Electronic & Electrical Equipment 2,687.41 +4.34%
Life Insurance 3,806.13 +3.72%
Aerospace and Defence 3,379.72 +3.65%
Financial Services 4,766.26 +3.08%
Industrial Engineering 6,997.64 +3.04%
Bottom performing sectors so far today
Personal Goods 21,910.30 -0.73%
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