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Sector movers: Electricity, utility stocks gain as risk appetite falls

Mon, 07th Apr 2014 15:27

Just two sectors - electricity and utilities - were trading in positive territory on Monday as investors sought out 'safer' defensive stocks in the face of a wider market sell-off.Defensives sectors are those which have a low correlation to economic activity and generally perform well in times of market volatility.Global stock markets were facing heavy selling pressure on Monday with the benchmark FTSE 100 was down 1.2% in afternoon trade, amid heightened tensions between Ukraine and Russia and lowered economic growth forecasts from the World Bank.British Gas owner Centrica outperformed, rising 2%, followed closely behind by electricity and gas supplier SSE and power station operator Drax.Other energy stocks such as Greenko, Rurelec, SeaEnergy and Good Energy were also trading higher.Good Energy was nearly 7% up after the renewable power group more than doubled annual profits as it increased customers by nearly a third.Top performing sectors so far todayElectricity 9,697.95 +0.52%Gas, Water & Multiutilities 5,843.83 +0.31%Bottom performing sectors so far todayIndustrial Metals & Mining 1,033.35 -4.35%Forestry & Paper 11,320.70 -2.95%Automobiles & Parts 9,230.68 -2.78%Industrial Transportation 3,197.70 -2.04%Technology Hardware & Equipment 1,182.90 -1.94%BC
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4 Jul 2016 10:28

SeaEnergy Shares Cancelled From AIM After Going Into Administration (ALLISS)

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3 Jun 2016 12:15

James Fisher & Sons acquires Return to Scene Ltd

(ShareCast News) - James Fisher & Sons has acquired SeaEnergy-subsidiary Return to Scene Ltd (R2S) for £1.9m. It said further consideration of £0.1m was payable should R2S win certain contracts before 31 December. R2S provides visual asset management photographic capture services, digital media serv

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3 Jun 2016 09:21

WINNERS & LOSERS SUMMARY: BP Rises After Settling Gulf Oil Spill Claim

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3 Jun 2016 07:30

LONDON MARKET OPEN: Oil Stocks Help Lift FTSE 100 At Open

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3 Jun 2016 06:42

UPDATE: SeaEnergy Put In Administration, Sells Unit To James Fisher

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3 Jun 2016 06:21

James Fisher Buys SeaEnergy's Return To Scene Unit For GBP1.9 Million

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23 May 2016 08:04

Lansdowne Oil Needs Shareholder Backing To Raise "Essential" Funds (ALLISS)

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17 May 2016 09:11

SeaEnergy Gets Payment From Potential Bidder For Return To Scene Unit

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26 Apr 2016 12:22

SeaEnergy Talking To Insolvency Experts As Shares Are Suspended (ALLISS)

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13 Apr 2016 11:44

UPDATE: Providence, Lansdowne Say Court Rules In Transocean's Favour (ALLISS)

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13 Apr 2016 07:56

Lansdowne And Providence Suspended Ahead Of Transocean Decision (ALLISS)

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10 Mar 2016 09:35

Lansdowne Oil Secures Six Month Extension To Loan Note Repayment

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4 Mar 2016 12:15

LONDON MARKET MIDDAY: USD37 Oil Supports Stocks Before US Jobs Report

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4 Mar 2016 10:51

WINNERS & LOSERS SUMMARY: UBS Ratings Hurt Cineworld And William Hill

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4 Mar 2016 10:39

SeaEnergy Looks To Sell Software Business As Cash Dries Up

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