Sector movers: Builders boosted, healthcare hurt

Fri 11 Jan 2019

LONDON (SHARECAST) - (Sharecast News) - House builders were cream of the crop on Friday, while healthcare was looking under the weather.
Investors built up their positions in the housebuilding sector after Bank of America Merrill Lynch upped its stance on the sector to 'neutral' from 'underperform'.

"It seems at least possible, or even probable, that some sort of Brexit resolution is within sight and therefore the UK housebuilding sector may see some relief," it said. Analysts double-upgraded "top picks" Persimmon and Taylor Wimpey to 'buy', lifting the target prices to 2,400p from 2,200p and to 175p from 160p, respectively.

Similarly, Jefferies analysts performed a check to the healthcare sector and suggested there were some that needed some bloodletting.

UDG Healthcare was downgraded to 'hold' from 'buy' and given a 620p target price as analysts expect market concerns around its Ashfield business to persist in 2019, while NMC Health shares was expect to come under pressure as the market increasingly focuses potential pressures in core Abu Dhabi business.

Top performing sectors so far today

Household Goods & Home Construction 15,789.48 +2.00%

Tobacco 30,689.75 +1.59%

Aerospace and Defence 4,654.79 +1.29%

Real Estate Investment Trusts 2,722.79 +1.15%

Leisure Goods 7,831.71 +1.13%

Bottom performing sectors so far today

Pharmaceuticals & Biotechnology 14,378.32 -1.84%

General Industrials 5,354.67 -1.61%

Construction & Materials 5,241.97 -1.47%

Health Care Equipment & Services 6,881.78 -1.38%

Oil & Gas Producers 8,716.41 -1.18%
Archived Stories

18 Jun Sector movers: Autos&Parts, Miners higher on hopes for Trump-Xi meetings
12 Jun Sector movers: Oil and tobacco stocks at the bottom of the pile
06 Jun Sector movers: Investors in 'defensives' breathing easier, at least for now
29 May Sector movers: Oil equipment stocks pace losses as markets reset
28 May Sector movers: Profit-taking in pharma alongside bounce in Aston Martin, Petrofac