FTSE 100 movers: Miners shine, gas stockpiles hit utilities
By Frank Prenesti
Date: Friday 02 Jun 2023
(Sharecast News) - Heavily-weighted miners were the top performers as copper prices rose, with Antofagasta, Anglo American, Glencore and Rio Tinto all higher on Friday.
Prudential rallied after JPMorgan Cazenove placed the overweight-rated shares on 'positive catalyst watch' into first-half results and said the company is on track to beat consensus for new business sales/profits by 5%/13% in 2023.
JD Sports was a high riser after US sportswear retailer Lululemon lifted its full-year outlook.
Utility shares were lower after a rise in US stockpiles saw natural gas prices fall sharply. SSE, National Grid and British Gas owner Centrica were all down on the news.
FTSE 100 - Risers
Antofagasta (ANTO) 1,464.50p 6.12%
Anglo American (AAL) 2,439.00p 6.07%
Glencore (GLEN) 435.95p 4.57%
Rio Tinto (RIO) 5,109.00p 4.56%
Prudential (PRU) 1,136.00p 4.12%
JD Sports Fashion (JD.) 158.40p 3.97%
Standard Chartered (STAN) 662.60p 3.27%
Land Securities Group (LAND) 626.00p 3.10%
Scottish Mortgage Inv Trust (SMT) 693.60p 3.09%
Weir Group (WEIR) 1,768.00p 3.06%
FTSE 100 - Fallers
SSE (SSE) 1,837.00p -2.29%
BT Group (BT.A) 145.55p -2.09%
Centrica (CNA) 117.95p -1.63%
Severn Trent (SVT) 2,676.00p -1.15%
Hiscox Limited (DI) (HSX) 1,164.00p -0.85%
National Grid (NG.) 1,047.00p -0.81%
Vodafone Group (VOD) 75.61p -0.68%
BAE Systems (BA.) 938.80p -0.64%
Compass Group (CPG) 2,205.00p -0.41%
Beazley (BEZ) 618.00p -0.40%
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