By Alexander Bueso
Date: Thursday 04 Feb 2021
LONDON (ShareCast) - (Sharecast News) - London's second-tier index was edging higher again on Thursday, buoyed by cautious confidence that the UK was on the path to bringing the pandemic under control and reopening its economy.
Rate-setters at the Bank of England said as much.
"GDP is projected to recover rapidly towards pre-Covid levels over 2021, as the vaccination program is assumed to lead to an easing of Covid-related restrictions and people's health concerns," the Monetary Policy Committee said.
So if gains on the top-flight index were being led by lenders' shares, on the FTSE 250 it was Travel names such as Carnival, National Express and FirstGroup that were in greatest demand.
To take note of, shares of National Express appeared to have cleared a key level of so-called technical resistance.
That was also the case for property developer Capital&Counties and homebuilder Crest Nicholson.
Going the other way, Centamin and Hochschild Mining were sold and falling back towards technical support.
Market Movers
FTSE 250 (MCX) 20,816.43 0.31%
FTSE 250 - Risers
Capital & Counties Properties (CAPC) 145.00p 5.45%
Carnival (CCL) 1,335.00p 5.12%
Close Brothers Group (CBG) 1,531.00p 4.43%
National Express Group (NEX) 281.20p 3.99%
Aggreko (AGK) 638.00p 3.74%
Meggitt (MGGT) 429.80p 3.69%
Crest Nicholson Holdings (CRST) 332.00p 3.56%
Hammerson (HMSO) 22.76p 3.45%
Just Group (JUST) 79.65p 3.44%
ICG Enterprise Trust (ICGT) 974.00p 3.18%
FTSE 250 - Fallers
Just Eat Takeaway.Com N.V. (CDI) (JET) 7,889.00p -3.72%
Hochschild Mining (HOC) 216.20p -3.40%
FDM Group (Holdings) (FDM) 1,044.00p -2.97%
Rank Group (RNK) 135.00p -2.88%
Centamin (DI) (CEY) 113.00p -2.75%
Spirent Communications (SPT) 231.50p -2.73%
Vivo Energy (VVO) 78.10p -2.25%
Pets at Home Group (PETS) 412.80p -2.23%
Games Workshop Group (GAW) 10,010.00p -2.15%
Syncona Limited NPV (SYNC) 252.00p -1.95%