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FTSE 250 movers: Hochschild shines; Telecom Plus slides
(Sharecast News) - FTSE 250 (MCX) 21,058.68 0.35%
Miners were in favour as metals prices rose, with Hochschild Mining in the black.
Dan Coatsworth, investment analyst at AJ Bell, said: "Just days after iron ore prices hit their lowest level in two years, the metal staged a small recovery amid hopes that stimulus measures in China could help to avoid a major slump in demand for the metal.
"Iron ore is a key component in steelmaking and is used in property construction. China has suffered from a big slump in its real estate sector, with countless properties either sitting empty or half-built.
OSB Group rallied after a slump last week as it cut its net interest guidance for the full financial year.
Telecom Plus - which offers bundled utility services - was down as sentiment around Sky's wholesale deal with CityFibre, hit BT shares on Tuesday.
Market Movers
FTSE 250 - Risers
OSB Group (OSB) 400.00p 4.33% Hochschild Mining (HOC) 191.40p 3.80% Wizz Air Holdings (WIZZ) 1,297.00p 3.68% Watches of Switzerland Group (WOSG) 396.00p 3.66% Elementis (ELM) 163.00p 3.43% International Workplace Group (IWG) 178.40p 3.24% Close Brothers Group (CBG) 490.40p 2.77% Victrex plc (VCT) 1,016.00p 2.52% Harbour Energy (HBR) 283.80p 2.45% Ashmore Group (ASHM) 175.90p 2.45%
FTSE 250 - Fallers
Telecom Plus (TEP) 1,810.00p -2.06% North Atlantic Smaller Companies Inv Trust (NAS) 4,000.00p -1.96% Syncona Limited NPV (SYNC) 120.60p -1.79% Jlen Environmental Assets Group Limited NPV (JLEN) 92.60p -1.28% HICL Infrastructure (HICL) 127.60p -1.24% Pennon Group (PNN) 598.50p -1.24% NB Private Equity Partners Ltd. (NBPE) 1,610.00p -1.23% Grainger (GRI) 241.00p -1.03% Pacific Horizon Inv Trust (PHI) 598.00p -0.99% Chemring Group (CHG) 400.00p -0.99%
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