FTSE 250 movers: Hochschild shines; Telecom Plus slides

21st Aug 2024 13:46

(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%