(Sharecast News) - London's second-tier index was edging higher in late afternoon trading with investor sentiment buoyed in the background by a bounce on Wall Street as the beaten down Nasdaq-100 technology gauge bounced off of a key short-term technical support level.
As of 1536 BST, the FTSE 250 had thus managed to shake-off earlier losses to trade up by 0.03% to 17,631.5 having earlier falled as low as 17,496.45.
Avon Rubber was at the top of the leaderboard, and trading at record highs, buoyed by news that it was to acquire US-based Team Wendy for $130m.
Aston Martin was right behind after analysts at Bernstein started coverage of the EU automobile sector with a 'positive' stance and shares of BMW, Daimler, Volvo, Renault and Aston Martin at 'overweight'.
"We believe these names offer the most earnings upside and have attractive individual equity stories.
Computacenter stock was also hitting record highs, buoyed by the IT services outfit's latest set of financials.
FTSE 250 - Risers
Avon Rubber (AVON) 3,970.00p 6.86%
Aston Martin Lagonda Global Holdings (AML) 58.60p 5.59%
Investec (INVP) 148.10p 5.45%
Micro Focus International (MCRO) 291.50p 4.63%
Computacenter (CCC) 2,280.00p 4.59%
Mediclinic International (MDC) 271.80p 3.74%
Dechra Pharmaceuticals (DPH) 3,332.00p 2.90%
Scottish Inv Trust (SCIN) 737.00p 2.65%
Future (FUTR) 1,760.00p 2.33%
Fidelity European Values (FEV) 269.50p 2.28%
FTSE 250 - Fallers
Wetherspoon (J.D.) (JDW) 961.50p -8.08%
Cineworld Group (CINE) 53.02p -7.02%
Carnival (CCL) 1,092.00p -6.27%
FirstGroup (FGP) 43.36p -6.15%
SSP Group (SSPG) 238.20p -5.70%
Rank Group (RNK) 128.20p -5.04%
Watches of Switzerland Group (WOSG) 315.50p -4.97%
Oxford Biomedica (OXB) 822.00p -4.42%
WH Smith (SMWH) 1,136.00p -4.38%
Renishaw (RSW) 5,025.00p -4.38%
DIRECTOR DEALINGS: Vitec CEO sells; Aston Martin non-exec buys again