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

17 Jan Sector movers: Oil and housebuilders lead the downside
16 Jan Sector movers: Resources a drag, life insurers continue rally
15 Jan Sector movers: Miners climb on China, investors mostly await Brexit vote
14 Jan Sector movers: Pharma downers, while housebuilders rise and fall