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Sector movers: Electricity surges, alternative energy lacks power

Mon, 19th Jul 2010 14:47

International Power has given the electricity sector a jolt, revealing that it is in talks with French energy giant GDF Suez about entering a partnership to create a new London listed electricity group.The British power station developer and GDF Suez confirmed they are in preliminary discussions regarding a possible combination of their Energy International Business Areas, outside Europe, and certain assets in the UK and Turkey.But elsewhere in energy, alternative energy is the worst-performing sector despite a rise in the share price of Ceramic Fuel Cells shares which said Australian electricals retailer Harvey Norman will sell its BlueGen gas-to-electricity generators.Top performing sectors so far todayGeneral Industrials 2,593.25 +6.32%Electricity 6,922.16 +2.84%Automobiles & Parts 3,130.67 +1.82%Banks 4,695.55 +1.81%Industrial Metals & Mining 5,491.61 +1.32%Bottom performing sectors so far todayAlternative Energy 4,520.47 -3.14%Chemicals 5,286.81 -0.67%Oil & Gas Producers 6,943.66 -0.56%Forestry & Paper 4,318.24 -0.55%Technology Hardware & Equipment 485.06 -0.16%

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