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FTSE 100 movers: Oil and Gas shares keep top-flight index in the red

By Alexander Bueso

Date: Friday 02 Dec 2022

FTSE 100 movers: Oil and Gas shares keep top-flight index in the red

(Sharecast News) - Oil and Gas shares were the main drag on London's top-flight index at the end of the week as investors waited on news of a possible deal in Brussels as regarded the level for the block's price cap on Russian crude oil exports.

Investors were also waiting on the results of the OPEC+ ministerial meeting at the weekend.

Nevertheless, defensives including the likes of SSE, Centrica and National Grid were also lower, possibly betraying a certain underlying bullishness.

"It is too early to write off hopes of a bounce in December however. Traditionally, the real gains don't come until the second half of the month, which leaves room for some consolidation in stocks to digest the gains made this week," said IG chief market analyst Chris Beauchamp.

"After such a tough year, it might seem foolish to hope for a bounce, but the year-end rally remains a reliable feature most of the time, even if what happens beyond 31 December is a return to 2022's selling."

Market Movers

FTSE 100 (UKX) 7,555.97 -0.03%
FTSE 250 (MCX) 19,381.35 -0.14%
techMARK (TASX) 4,418.87 -0.10%

FTSE 100 - Risers

Associated British Foods (ABF) 1,667.50p 5.04%
Rolls-Royce Holdings (RR.) 90.25p 3.82%
Hargreaves Lansdown (HL.) 871.80p 2.25%
Antofagasta (ANTO) 1,434.50p 2.06%
NATWEST GROUP (NWG) 261.90p 1.75%
St James's Place (STJ) 1,185.00p 1.50%
Prudential (PRU) 1,030.50p 1.43%
Land Securities Group (LAND) 621.80p 1.40%
SEGRO (SGRO) 817.80p 1.36%
Halma (HLMA) 2,249.00p 1.35%

FTSE 100 - Fallers

Intermediate Capital Group (ICP) 1,243.00p -1.97%
BP (BP.) 480.90p -1.75%
Harbour Energy (HBR) 312.90p -1.73%
Melrose Industries (MRO) 128.50p -1.53%
Ashtead Group (AHT) 5,012.00p -1.45%
Airtel Africa (AAF) 121.80p -1.38%
Sage Group (SGE) 801.80p -1.21%
Admiral Group (ADM) 2,036.00p -1.12%
Scottish Mortgage Inv Trust (SMT) 787.80p -1.08%
SSE (SSE) 1,723.00p -0.98%


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