Sector movers: Investor hungry for chip stocks

Updates from two stocks are helping lift the technology hardware & equipment sector higher. Shares in wireless chip group CSR jumped after it said an end to destocking from customers should have a positive effect on third quarter revenues.Arc International is also higher after it confirmed it is in talks with an unnamed third party regarding a potential offer for the group.Meanwhile, semiconductor group Wolfson is also higher. The firm cut losses in the last three months as sales picked up, but end-consumer demand visibility continues to be poor and order patterns volatile, it cautioned.But the chips are still down at fellow semiconductor group ARM Holdings, which falls back again after yesterday reporting tumbling profits and revenue.Rexam falls back again after the can maker announced its well-flagged rights issue. The firm is looking to raise £351m at a big discount to the current share price. The interim dividend has also been cut.Top performing sectors so far todayLife Insurance 3,166.39 +2.46%Technology Hardware & Equipment 272.58 +2.15%Beverages 6,608.57 +1.93%Insurance (non-life) 1,217.25 +1.86%Automobiles & Parts 2,186.09 +1.63%Bottom performing sectors so far todayForestry & Paper 2,625.52 -1.91%General Industrials 1,671.08 -1.09%Industrial Metals 4,107.07 -0.65%Oil Equipment Services & Distribution 13,030.46 -0.48%Household Goods 5,678.97 -0.32%