FTSE 250 movers: Lonmin tracks mining sector lower, Playtech boosted by higher price target
Lonmin was in the red as Citigroup downgraded its rating on the stock to 'neutral'. Citigroup downgraded its stance on the wider mining sector on Monday to 'neutral' from 'bullish', saying that upside is "now capped" by weaker iron ore prices.
Acacia Mining
234.00p
16:45 16/09/19
BlackRock World Mining Trust
566.00p
16:40 25/04/24
Centamin (DI)
124.10p
17:05 25/04/24
Equity Investment Instruments
11,613.36
17:09 25/04/24
FTSE 250
19,601.98
17:09 25/04/24
FTSE 350
4,434.34
17:09 25/04/24
FTSE All-Share
4,387.94
16:49 25/04/24
Lonmin
75.60p
11:03 14/06/19
Mining
10,403.74
17:09 25/04/24
Playtech
444.00p
16:44 25/04/24
Software & Computer Services
2,390.57
17:09 25/04/24
BlackRock Mining was trading lower, as chief investment strategist Russ Koestrich warned on Sunday that the tightening of US monetary policy could prove difficult for many investors to deal with.
IMI, the UK-listed engineer, was weaker as it had its rating lowered to ‘hold’ from ‘buy’ at Investec Securities.
Meanwhile precious metal miners Acacia Mining and Centamin were faring better, with both making gains.
Playtech was boosted as analysts at Citigroup raised their price target on the stock from 840p to 955p.
Risers
Home Retail Group (HOME) 172.80p +4.66%
Centamin (DI) (CEY) 60.90p +3.57%
Tullow Oil (TLW) 339.90p +2.66%
Rank Group (RNK) 194.80p +2.63%
Aveva Group (AVV) 1,586.00p +2.52%
Drax Group (DRX) 404.20p +2.20%
Bank of Georgia Holdings (BGEO) 1,950.00p +2.09%
Smith (DS) (SMDS) 379.90p +2.07%
Indivior (INDV) 215.00p +1.75%
Just Eat (JE.) 446.60p +1.75%
Fallers
Ashmore Group (ASHM) 304.40p -3.21%
Fisher (James) & Sons (FSJ) 1,286.00p -3.09%
Ladbrokes (LAD) 105.90p -3.02%
Millennium & Copthorne Hotels (MLC) 573.00p -2.80%
BlackRock World Mining Trust (BRWM) 290.60p -2.78%
Lonmin (LMI) 126.60p -2.62%
Ocado Group (OCDO) 365.50p -2.53%
Law Debenture Corp. (LWDB) 520.50p -2.35%
Petra Diamonds Ltd.(DI) (PDL) 184.20p -1.97%
Allied Minds (ALM) 711.00p -1.93%