This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
BHP Billiton (BLT.L) Rio Tinto (RIO.L) Anglo American (AAL.L) Antofagasta (ANTO.L) Glencore Xstrata (GLEN.L) – China’s purchasing managing index (PMI) edged up to 50.3 vs 50.2 in February. HSBC Purchasing Managers’ Index (PMI), which focuses more on the private sector, fell to an eight-month low of 48.0 vs 48.1 in March. Closing price’s 1845.50p 3335p 1529.50p 837p 304.65p respectively (Reuters)
ICAP (IAP.L) – said activity in its global broking division dropped in February and March on account of lower trading volumes on global markets. Revenues contracted by 14% compared with a year earlier. Overall results for its full year are expected to be in line with current market consensus forecasts. Closing Price 379.50p (Reuters)
Weir Group (WEIR.L) – In talks to take over its Finnish rival Metso Oyj in a £8.5bn deal to expand its industrial pumps and valves market. Closing price 2536p (The Times)
For more information on any of these individual news items, call into the trading floor
Stock | Code | Close | High | Low |
Igas Energy | IGAS.L | 2.07% | 3.51% | -4.13% |
Quindell | QPP.L | -5.27% | 1.87% | -9.16% |
Aviva | AV.L | 0.00% | 2.47% | 0.62% |
Prudential | PRU.L | -0.94% | 1.67% | -1.19% |
Standard Life | SL.L | -0.74% | 0.79% | -0.97% |
Resolution | RSL.L | 2.05% | 5.39% | 1.11% |
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research