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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 250 movers: Currys surges, gas price fall hits energy stocks

(Sharecast News) - FTSE 250: 19,161.49, up 1.59% at close.

Stocks in London were holding on to early gains in the first trading session of the year, helped by a drop in sterling and amid optimism around the reopening of the Chinese economy. The improved mood lifted housebuilders and UK retail stocks such as electricals retailer Currys and fast fashion outfit ASOS.

Energy stocks were lower as wholesale gas prices to levels not witnessed since Russia started its unprovoked invasion of Ukraine. Capricorn Energy, Drax Group, Harbour Energy and Energean were all down.

FTSE 250 - Risers

Currys (CURY) 57.65p 7.56% IP Group (IPO) 59.70p 7.09% Hochschild Mining (HOC) 74.60p 6.19% Vietnam Enterprise Investments (DI) (VEIL) 616.00p 5.66% Sirius Real Estate Ltd. (SRE) 78.10p 5.54% Molten Ventures (GROW) 373.80p 5.53% ASOS (ASC) 538.00p 5.39% Tritax Eurobox (GBP) (EBOX) 64.70p 5.37% Playtech (PTEC) 535.50p 5.21% OSB Group (OSB) 503.00p 4.84%

FTSE 250 - Fallers

Capricorn Energy (CNE) 252.40p -3.59% Drax Group (DRX) 680.00p -3.27% Clarkson (CKN) 3,145.00p -2.78% Petershill Partners (PHLL) 164.40p -2.72% Harbour Energy (HBR) 297.60p -2.23% Diversified Energy Company (DEC) 114.60p -1.55% Energean (ENOG) 1,289.00p -1.53% Hilton Food Group (HFG) 549.00p -1.44% Abrdn Private Equity Opportunities Trust (APEO) 447.00p -1.11% Tullow Oil (TLW) 36.62p -0.81%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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