FTSE 100 movers: Miners under pressure; JMAT boosted by upgrade
Sharecast – Miners Glencore (LON:), Anglo American (LON:), Antofagasta (LON:) and Rio Tinto (LON:) all fell on the back of disappointing Chinese economic growth data.
Data out earlier showed that second-quarter gross domestic in China product grew by 6.3% year-on-year, missing expectations. The print for the second quarter marked a 0.8% pace of growth from the first quarter and was well behind the 7.3% increase in second quarter GDP forecast by analysts.
Online supermarket Ocado (LON:) was weaker ahead of half-year results on Tuesday.
On the upside, Johnson Matthey (LON:) rallied after Deutsche Bank (ETR:) upgraded the shares to ‘buy’ from ‘hold’ and lifted the price target to 2,500p from 2,300p.
The bank said it sees upside potential from a) a successful pivot or b) a break-up.
Haleon (LON:) was also on the rise after Futura Medical signed a licensing deal with the GSK spinoff.
– Risers
Spirax-Sarco Engineering (SPX) 10,605.00p 1.43%
Johnson Matthey (JMAT) 1,777.00p 1.31%
Compass Group (LON:) 2,114.00p 1.00%
NATWEST GROUP (NWG) 245.30p 0.95%
United Utilities Group (UU.) 959.00p 0.84%
Imperial Brands (LON:) 1,769.00p 0.68%
Vodafone Group (LON:) 72.68p 0.66%
Haleon (HLN) 316.30p 0.65%
Weir Group (LON:) 1,781.00p 0.62%
Centrica (LON:) 124.50p 0.61%
FTSE 100 – Fallers
Coca-Cola (NYSE:) HBC AG (CDI) (CCH) 2,343.00p -3.66%
Ocado Group (OCDO) 576.40p -3.03%
Glencore (GLEN) 454.15p -2.71%
Flutter Entertainment (CDI) (FLTR) 15,565.00p -2.63%
Anglo American (AAL) 2,291.00p -2.47%
Antofagasta (ANTO) 1,501.00p -2.34%
Halma (LON:) 2,199.00p -2.01%
Rio Tinto (RIO) 5,114.00p -1.88%
Fresnillo (LON:) 617.80p -1.69%
Prudential (LON:) 1,055.00p -1.54%
