FTSE 250 movers: Acacia boosted by Citi coverage, Rotork flows lower on weak Q1
Acacia Mining was trading higher as Credit Suisse initiated the stock with an 'outperform' rating, despite the gold miner reporting an 18% fall in its first-quarter core profit due to declining prices for the yellow metal.
Acacia Mining
234.00p
16:45 16/09/19
BlackRock World Mining Trust
578.00p
12:25 26/04/24
Equity Investment Instruments
11,741.70
12:29 26/04/24
FTSE 250
19,812.50
12:30 26/04/24
FTSE 350
4,459.94
12:30 26/04/24
FTSE All-Share
4,413.36
12:30 26/04/24
Industrial Engineering
13,477.34
12:24 26/04/24
KAZ Minerals
849.00p
16:40 10/05/21
Merlin Entertainments
454.60p
16:54 01/11/19
Mining
10,557.25
12:24 26/04/24
Pace
415.40p
17:15 23/12/15
Rotork
310.40p
12:04 26/04/24
Technology Hardware & Equipment
1,920.18
16:30 11/04/24
Travel & Leisure
7,568.90
12:30 26/04/24
Vedanta Resources
832.60p
16:35 28/09/18
Mining peers Vedanta Resources, BlackRock World Mining Trust and Kaz Minerals were also making solid gains, tracking improving metal prices, lower oil inventories and expectations of a Chinese stimulus.
Flow control group Rotork was in the red after announcing that order intake had declined in the first quarter of 2015, as challenging conditions in the oil and gas markets persisted.
Legoland and London Eye owner Merlin Entertainments dipped after JPMorgan Cazenove downgraded its rating for the theme parks group to neutral, a disappointing end to the stock's first month in the blue chip index.
Pace reversed from Thursday's gains, which were a result of an agreement to be taken over by US telecommunications equipment manufacturer Arris in a $2.1bn deal.
Risers
Kaz Minerals (KAZ) 253.00p +7.84%
Acacia Mining (ACA) 294.00p +4.81%
Cable & Wireless Communications (CWC) 69.75p +4.65%
Vedanta Resources (VED) 637.00p +4.43%
Diploma (DPLM) 820.00p +3.99%
Just Retirement Group (JRG) 175.00p +3.73%
Laird (LRD) 359.90p +2.98%
Greencore Group (GNC) 350.80p +2.93%
Ocado Group (OCDO) 342.70p +2.67%
BlackRock World Mining Trust (BRWM) 311.00p +2.47%
Fallers
Petra Diamonds Ltd.(DI) (PDL) 161.10p -3.99%
Hunting (HTG) 583.50p -3.07%
Bank of Georgia Holdings (BGEO) 1,903.00p -2.81%
Rotork (ROR) 2,369.00p -2.51%
Man Group (EMG) 208.60p -2.16%
Pace (PIC) 437.40p -2.15%
Crest Nicholson Holdings (CRST) 449.60p -2.07%
Telecom Plus (TEP) 809.00p -1.94%
Beazley (BEZ) 281.60p -1.92%
Petrofac Ltd. (PFC) 872.00p -1.86%