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FTSE 100 Movers: Fresnillo bucks mining trend

Fri, 30th Sep 2011 13:16

Miners are among the fallers after the Chinese Purchasing Managers' Index (CPMI) was unchanged from the previous month at 49.9 in September. A reading below 50 signifies a contraction, so the August reading is bad news for miners, as China is a resource hungry country.However, silver miner Fresnillo is bucking the mining trend to lead the risers. Consumer goods tester Intertek, which makes at least 30% of its revenue in China, dropped after the CPMI announcement. Imperial Tobacco was heading higher following rumours that it could be split-up and sold in parts. FTSE 100 - RisersFresnillo (FRES) 1,556.00p +2.77%Imperial Tobacco Group (IMT) 2,211.00p +1.84%Severn Trent (SVT) 1,544.00p +1.18%Shire Plc (SHP) 1,999.00p +0.91%Morrison (Wm) Supermarkets (MRW) 289.00p +0.49%Sainsbury (J) (SBRY) 275.20p +0.33%United Utilities Group (UU.) 622.00p +0.32%FTSE 100 - RisersIntertek Group (ITRK) 1,876.00p -8.49%Ashmore Group (ASHM) 327.50p -6.43%Burberry Group (BRBY) 1,133.00p -5.66%Standard Chartered (STAN) 1,288.00p -5.15%Barclays (BARC) 160.65p -5.03%Kazakhmys (KAZ) 796.00p -4.56%Petrofac Ltd. (PFC) 1,188.00p -4.50%HSBC Holdings (HSBA) 490.75p -4.30%IMI (IMI) 704.00p -4.22%Amec (AMEC) 817.00p -4.22%NR

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