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Sector movers: Personal goods stocks wanted

Fri, 22nd Jan 2010 18:01

Two personal goods stocks that updated in trading during the week helped lift the sector higher going into the weekend.Condom maker SSL International, which yesterday said it remains on track to achieve its target of increasing earnings per share by 50% over the three years to March 2012, was the top riser in the sector.Luxury fashion label Burberry, which on Tuesday said it expects profits for the full year to be at the top end of expectations after seeing strong sales in the last three months of 2009, was also wanted.Financial stocks were spooked by US president Obama's plans to impose a tough series of measures to clamp down on risk taking in the financial sector.Interdealer broker ICAP slumped after Obama promised to limit the size of the proprietary trading operations of US banks.Elsewhere in finance, insurance support services firm Charles Taylor Consulting slipped after it said profit before tax in 2009 is likely to be in line with management expectations, though earnings per share will be a tad below par, in part because of the presence of minority interests within the company's run-off division.Top performing sectors so far todayPersonal Goods 10,911.90 +0.85%Industrial Metals 4,760.77 +0.35%Mining 21,010.60 +0.28%Forestry & Paper 3,970.32 +0.24%Mobile Telecommunications 3,131.09 +0.18%Bottom performing sectors so far todayChemicals 4,478.91 -2.14%General Financial 4,929.14 -1.80%Media 3,339.22 -1.52%Oil Equipment Services & Distribution 15,149.52 -1.43%Automobiles & Parts 2,772.95 -1.41%
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