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Sector movers: Resource stocks fall back

Wed, 12th May 2010 13:56

Mining stocks are lower as they continue to decline following sharp gains on Monday.Among the fallers is copper producer EMED Mining. The company, which is moving towards producing copper from the Rio Tinto mine in Spain, saw pre-tax losses narrow to €10.4m from €17m in the year to December 31.Weak crude prices have sent the oil sector lower.At the bottom of the pile is Range Resources, which gives up some of the gains it posted yesterday when it confirmed that it has a commercial discovery on its hands at the North Chapman Ranch field in Nueces County, Texas.Top performing sectors so far todayLife Insurance 3,599.63 +2.84%Construction & Materials 3,629.17 +2.80%Industrial Metals & Mining 5,736.41 +2.49%Automobiles & Parts 3,252.25 +2.35%Personal Goods 12,324.09 +2.15%Bottom performing sectors so far todayFood Producers & Processors 4,918.57 -0.72%Mobile Telecommunications 3,166.49 -0.38%Oil & Gas Producers 7,807.76 -0.19%Mining 21,318.99 -0.17%Alternative Energy 5,918.55 -0.11%