Register for Digital Look

FTSE 100 movers: Ocado attempts a rebound after sell-off

By Benjamin Chiou

Date: Friday 22 Sep 2023

FTSE 100 movers: Ocado attempts a rebound after sell-off

(Sharecast News) - Ocado was the standout performer of the day as it attempted to rebound after heavy falls the previous session, with financial and mining stocks also putting in a decent performance.
Ocado was up 7% in afternoon trade as it attempted to claw its way back after plummeting 20% yesterday following a broker downgrade by Exane Paribas to 'underperform', despite a solid third-quarter trading update earlier in the week. Prior to this week, the stock had more than doubled since June.

Mining stocks were performing well as risk appetite returned somewhat with metals prices rebounding after heavy falls the previous session. Anglo American and Glencore were on the rise.

Banking peers Lloyds and HSBC and financial services group Hargreaves Lansdown were also putting in a decent performance.

JD Sports Fashion was extending gains after impressing the market with its interim results yesterday, with pre-tax profits jumping by 26%.

AstraZeneca was higher after announcing positive results from the TROPION-Breast01 phase three trial.

On the downside was Halma, which dropped 4% as it continued to fall following an underwhelming first-half trading update yesterday. Analysts at Hargreaves Lansdown said there were supportive of Halma's business model and growth drivers. But its valuation is still ahead of the wider sector, adding: "There's plenty of pressure to deliver."

FTSE 100 - Risers

Ocado Group (OCDO) 692.60p 6.92%
Lloyds Banking Group (LLOY) 45.63p 2.70%
Hargreaves Lansdown (HL.) 831.60p 2.46%
Rightmove (RMV) 567.40p 2.34%
JD Sports Fashion (JD.) 147.60p 1.86%
BP (BP.) 528.40p 1.54%
AstraZeneca (AZN) 11,050.00p 1.51%
Glencore (GLEN) 458.65p 1.46%
HSBC Holdings (HSBA) 645.20p 1.43%
Auto Trader Group (AUTO) 627.40p 1.36%

FTSE 100 - Fallers

Halma (HLMA) 1,942.00p -4.10%
Entain (ENT) 1,063.50p -2.34%
Centrica (CNA) 168.75p -2.15%
B&M European Value Retail S.A. (DI) (BME) 575.40p -1.57%
BAE Systems (BA.) 1,016.00p -1.31%
Phoenix Group Holdings (PHNX) 529.80p -1.16%
SSE (SSE) 1,680.00p -1.09%
Ashtead Group (AHT) 5,136.00p -0.93%
Next (NXT) 7,282.00p -0.93%
3i Group (III) 2,043.00p -0.92%


Email this article to a friend

or share it with one of these popular networks:

Top of Page