Sector movers: Resources up, industrials down
Miners and oil-related stocks were the driving force on Monday, while industrial engineering and transportation and the retail sector were swathed in red.
Oil giants BP and Shell picked up as crude prices rebounded after last week's slump, with Brent crude adding 1.5% to $73.89.
Despite more disappointing data from China, miners were on the up. There was a boost from a JPMorgan note citing the sector as "very attractive".
Russian steel basher Evraz climbed as Chinese rebar steel prices rallied from three-week lows. Traders said this was on hopes that Beijing's policies can stoke a recovery in demand.
RHI Magnesita was a big faller in the industrial space as the Austro-Brazilian maker of refractory products reported on a seemingly solid third-quarter, around 12 months since it floated in London. The shares fell almost 9% however.
Broker Peel Hunt said it was a "robust" update, with North America notably strong while Europe is a little slower, and China was flat. Analysts pointed out that the shares were at a 50% discount to the sector.
Last week broker Numis said the valuation "looks attractive" but that as a relatively new company, investors and analysts "are grappling with the potential cyclicality given its exposure to the steel sector (75% of sales) and vertically integrated model".
Thus its share price performance on Monday was at odds with the strong gains for Evraz.
Top performing sectors so far today
Industrial Metals & Mining 5,338.96 +4.25%
Tobacco 39,077.00 +2.50%
Oil Equipment, Services & Distribution 13,982.31 +2.30%
Beverages 21,416.86 +1.66%
Pharmaceuticals & Biotechnology 14,503.50 +1.66%
Bottom performing sectors so far today
Industrial Engineering 11,321.17 -2.50%
Industrial Transportation 2,581.33 -2.36%
General Retailers 2,259.28 -2.31%
Insurance (non-life) 3,085.86 -2.25%
Electronic & Electrical Equipment 6,134.12 -2.12%
Market Movers
FTSE 100 (UKX) 7,127.90 0.48%
FTSE 250 (MCX) 19,102.40 -1.16%
techMARK (TASX) 3,319.77 -0.22%
FTSE 100 - Risers
Evraz (EVR) 572.60p 4.53%
Micro Focus International (MCRO) 1,264.50p 2.68%
British American Tobacco (BATS) 3,427.50p 2.54%
Centrica (CNA) 148.42p 2.29%
AstraZeneca (AZN) 5,861.00p 2.25%
Rio Tinto (RIO) 3,928.00p 1.95%
Diageo (DGE) 2,685.00p 1.94%
Wood Group (John) (WG.) 688.60p 1.89%
BHP Billiton (BLT) 1,640.20p 1.80%
GlaxoSmithKline (GSK) 1,506.60p 1.80%
FTSE 100 - Fallers
Just Eat (JE.) 634.20p -4.29%
Ashtead Group (AHT) 1,886.00p -3.97%
GVC Holdings (GVC) 915.00p -3.73%
Melrose Industries (MRO) 172.75p -3.49%
Kingfisher (KGF) 253.90p -3.46%
Smurfit Kappa Group (SKG) 2,486.00p -3.19%
Burberry Group (BRBY) 1,809.00p -3.00%
Coca-Cola HBC AG (CDI) (CCH) 2,301.00p -2.83%
Royal Mail (RMG) 357.70p -2.72%
BAE Systems (BA.) 521.70p -2.67%
FTSE 250 - Risers
Capital & Counties Properties (CAPC) 271.80p 6.76%
Drax Group (DRX) 413.92p 3.12%
Energean Oil & Gas (ENOG) 656.00p 2.50%
Ferrexpo (FXPO) 230.90p 2.08%
Wood Group (John) (WG.) 688.60p 1.89%
Auto Trader Group (AUTO) 424.90p 1.80%
Tate & Lyle (TATE) 681.00p 1.76%
Quilter (QLT) 121.72p 1.67%
Go-Ahead Group (GOG) 1,601.24p 1.67%
Telecom Plus (TEP) 1,238.00p 1.64%
FTSE 250 - Fallers
RHI Magnesita N.V. (DI) (RHIM) 3,696.00p -8.74%
Babcock International Group (BAB) 578.26p -6.55%
Hiscox Limited (DI) (HSX) 1,545.00p -6.14%
Just Group (JUST) 90.70p -4.93%
Playtech (PTEC) 475.60p -4.86%
Rank Group (RNK) 153.78p -4.72%
Metro Bank (MTRO) 2,262.00p -4.72%
Thomas Cook Group (TCG) 51.95p -4.68%
Spire Healthcare Group (SPI) 126.70p -4.52%
Convatec Group (CTEC) 158.20p -4.35%