FTSE 100 movers: Miners under pressure; JMAT boosted by upgrade
Sharecast
Published Jul 17, 2023 14:43
FTSE 100 movers: Miners under pressure; JMAT boosted by upgrade
Sharecast - Miners Glencore (LON:GLEN), Anglo American (LON:AAL), Antofagasta (LON:ANTO) and Rio Tinto (LON:RIO) all fell on the back of disappointing Chinese economic growth data.
Data out earlier showed that second-quarter gross domestic in China product grew by 6.3% year-on-year, missing expectations. The print for the second quarter marked a 0.8% pace of growth from the first quarter and was well behind the 7.3% increase in second quarter GDP forecast by analysts.
Online supermarket Ocado (LON:OCDO) was weaker ahead of half-year results on Tuesday.
On the upside, Johnson Matthey (LON:JMAT) rallied after Deutsche Bank (ETR:DBKGn) upgraded the shares to ‘buy’ from ‘hold’ and lifted the price target to 2,500p from 2,300p.
The bank said it sees upside potential from a) a successful pivot or b) a break-up.
Haleon (LON:HLN) was also on the rise after Futura Medical signed a licensing deal with the GSK spinoff.
FTSE 100 - Risers
Spirax-Sarco Engineering (SPX) 10,605.00p 1.43%
Johnson Matthey (JMAT) 1,777.00p 1.31%
Compass Group (LON:CPG) 2,114.00p 1.00%
NATWEST GROUP (NWG) 245.30p 0.95%
United Utilities Group (UU.) 959.00p 0.84%
Imperial Brands (LON:IMB) 1,769.00p 0.68%
Vodafone Group (LON:VOD) 72.68p 0.66%
Haleon (HLN) 316.30p 0.65%
Weir Group (LON:WEIR) 1,781.00p 0.62%
Centrica (LON:CNA) 124.50p 0.61%
FTSE 100 - Fallers
Coca-Cola (NYSE:KO) HBC AG (CDI) (CCH) 2,343.00p -3.66%
Ocado Group (OCDO) 576.40p -3.03%
Glencore (GLEN) 454.15p -2.71%
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Flutter Entertainment (CDI) (FLTR) 15,565.00p -2.63%
Anglo American (AAL) 2,291.00p -2.47%
Antofagasta (ANTO) 1,501.00p -2.34%
Halma (LON:HLMA) 2,199.00p -2.01%
Rio Tinto (RIO) 5,114.00p -1.88%
Fresnillo (LON:FRES) 617.80p -1.69%
Prudential (LON:PRU) 1,055.00p -1.54%
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Written By: Sharecast
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