Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

FTSE 250 movers: Momentum stocks under selling pressure

Mon, 07th Apr 2014 15:52

Ocado, Rightmove and PayPoint were registering heavy losses on Monday as technology-focused stocks bore the brunt of the wider market sell-off. UK markets were following last week's trend in the States where high growth, 'momentum shares' fell sharply as investors booked profits after the recent surge.Chip designer Imagination Technologies and consumer electronics component firm CSR were also trading firmly lower.Similarly, housing stocks were also under pressure after rising strongly after the last year with Redrow, Bovis Homes, Taylor Wimpey and Berkeley Group among the worst performers. A report by HomeOwners' Alliance raised concerns today about the recent rapid rise in house prices across the UK. The group said that more people now think house prices are a "very serious issue".Engineering group Kentz rose after winning a large follow-on contract for work on a major liquid natural gas facility in Australia. The electrical and instrumentation construction contract is worth A$615 (£344m) over a duration of 30 months, with work beginning in August. FTSE 250 - RisersSoco International (SIA) 409.60p +3.38%Tullett Prebon (TLPR) 292.70p +2.20%Premier Oil (PMO) 315.20p +2.11%Centamin (DI) (CEY) 54.50p +2.06%Laird (LRD) 322.20p +1.74%Lancashire Holdings Limited (LRE) 674.50p +1.66%Kentz Corporation Ltd. (KENZ) 767.50p +1.39%Barr (A.G.) (BAG) 635.50p +1.36%Hansteen Holdings (HSTN) 110.90p +1.28%Savills (SVS) 662.50p +1.07%FTSE 250 - FallersOcado Group (OCDO) 424.10p -6.21%Imagination Technologies Group (IMG) 202.30p -5.78%Evraz (EVR) 75.80p -5.13%Redrow (RDW) 304.00p -3.92%Bovis Homes Group (BVS) 852.50p -3.73%Taylor Wimpey (TW.) 114.20p -3.22%Berkeley Group Holdings (The) (BKG) 2,500.00p -3.14%Rightmove (RMV) 2,475.00p -3.13%PayPoint (PAY) 1,158.00p -2.93%CSR (CSR) 670.00p -2.90%BC

Related Shares

More News
2 Jan 2020 07:37

Apple inks licensing deal with Imagination Technologies

(Sharecast News) - Apple has inked a new supply deal with Imagination Technologies for its graphics processing units.

19 Mar 2018 15:03

Total renewables unit targets Africa's power-starved mining sector

By Joe Bavier ABIDJAN, March 19 (Reuters) - Total's renewable energy unit said on Monday it had opened the world's largest solar-thermal hybrid plant ...

12 Mar 2018 14:35

CANADA STOCKS-Toronto stocks edge up, following global markets higher

March 12 (Reuters) - Canada's main stock index rose modestly on Monday, buoyed by improved risk appetite in global markets but declines in energy shar...

9 Mar 2018 21:24

UPDATE 1-CANADA STOCKS-TSX ends higher alongside global stocks, oil, metals

By Nichola Saminather TORONTO, March 9 (Reuters) - Canada's main stock index closed higher on Friday, lifted by strong gains in oil and metals

7 Dec 2016 09:55

Imagination Technologies boosted by Numis upgrade

(ShareCast News) - Imagination Technologies Group gained as Numis raised its rating on the stock to 'buy' from 'add' and lifted the target price to 31...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.