News

Sector movers: Chemicals in demand

29 August 2008 11:52:00

Chemicals stocks are going well, with Yule Catto, which posted a 14% rise in interim pre-tax profits Wednesday, leading the way.

The company reported good progress in polymers despite difficulties associated with contraction in the construction industry.

Symphony Environmental Technologies is the second biggest riser in the sector after launching its biodegradable plastic packaging in Mexico.

Mobile telecoms stocks are lower, with FTSE 100-listed Vodafone among those in the red. The company yesterday saw its target price cut to 120p from 135p at Societe Generale. Today South Africa's largest mobile phone operator Vodacom, which the UK firm partly owns, announced the $700m acquisition of most of Gateway Telecommunications a satellite and terrestrial networks provider.

Top performing sectors so far today
Oil Equipment Services & Distribution 17,665.40 +2.48%
General Industrials 2,514.80 +1.56%
Electronic & Electrical Equipment 2,047.40 +1.51%
Industrial Metals 6,453.10 +1.51%
Chemicals 4,706.20 +1.49%

Bottom performing sectors so far today
Mobile Telecommunications 3,206.60 -1.69%
Life Insurance 4,160.70 -0.82%
Gas, Water & Multiutilities 4,612.70 -0.33%
Insurance (non-life) 1,257.10 -0.33%
Media 3,126.60 -0.11%

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