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FTSE 100 movers: Miners, financial stocks provide a boost

(Sharecast News) - Mining and financial stocks were providing a big lift to the FTSE 100 on Monday, as a sinking oil price helped to repair sentiment after a sharp sell-off across global markets the previous session.

Brent crude was down 3.1% at $100.70 a barrel in afternoon trade, on track for its lowest settlement price since 8 September, as supply concerns in Saudi Arabia eased, while hopes for diplomacy between the US and Iran increased ahead of the UN General Assembly later this week.

Mining stocks were among the day's best performers, with Metlen Energy & Metals, Antofagasta and Anglo American rising strongly.

Financials were also in demand, with IG Group, Lion Finance Group and Abrdn among the top ten risers. Banking peers HSBC, Lloyds, Barclays and NatWest were also putting in a solid performance.

Also higher were travel stocks, benefiting from an improved fuel outlook as oil prices fell, with IHG, IAG and easyJet all climbing.

In contrast, oil majors BP and Shell were among the worst performers on the top-tier index, tracking crude lower.

Meanwhile, Airtel Africa shares fell a further 4%, following Friday's 11% drop, on the back of reports that the telecom group's Airtel Money arm was considering a smaller-than-expected initial public offering in London following investor feedback.

FTSE 100 - Risers

Metlen Energy & Metals (MTLN) 47.69p 7.91% Antofagasta (ANTO) 3,819.00p 4.59% IG Group Holdings (IGG) 1,391.00p 3.72% Anglo American (AAL) 4,098.00p 3.61% Spirax Group (SPX) 7,155.00p 3.55% Lion Finance Group (BGEO) 14,110.00p 3.21% Abrdn (ABDN) 247.00p 3.17% Diploma (DPLM) 7,475.00p 2.96% Weir (WEIR) 2,680.00p 2.91% Halma (HLMA) 3,602.00p 2.68%

FTSE 100 - Fallers

Airtel Africa (AAF) 306.80p -4.42% Ithaca Energy (ITH) 289.70p -2.23% Rentokil Initial (RTO) 317.50p -1.06% BP (BP.) 554.00p -0.84% Barratt Redrow (BTRW) 302.80p -0.79% Sainsbury (J) (SBRY) 333.50p -0.54% Shell (SHEL) 3,532.00p -0.35% National Grid (NG.) 1,142.00p -0.35% Relx plc (REL) 2,494.00p -0.20% Diageo (DGE) 1,599.00p -0.19%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.