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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 100 movers: Miners rally; housebuilders in the red again

(Sharecast News) - London's FTSE 100 was down 0.2% at 8,765.00 in afternoon trade on Wednesday. Oil giants BP and Shell gushed higher, along with heavily-weighted miners Glencore, Anglo American, Antofagasta and Rio Tinto. Banks were also on the rise, with HSBC and StanChart both up.

Dan Coatsworth, investment analyst at AJ Bell, said: "Commodity producers, financials, utilities and industrials led the way on the UK stock market. The fact both risk-on and defensive sectors moved higher would suggest a general sense of optimism among investors."

On the downside, housebuilders were under the cosh again, after data from Nationwide on Tuesday showed that house prices unexpectedly fell last month.

House prices declined by 0.8% on the month in June, following 0.4% growth in May. Analysts were expecting a 0.2% jump.

On the year, house price growth slowed to 2.1% last month from 3.5% in May.

The average price of a home stood at £271,619 in June, versus £273,427 a month earlier.

Persimmon, Berkeley Group, Barratt Redrow and Taylor Wimpey all fell.

FTSE 100 - Risers

BP (BP.) 382.05p 3.75% Glencore (GLEN) 301.05p 3.36% Anglo American (AAL) 2,240.50p 3.11% Antofagasta (ANTO) 1,884.50p 2.87% Melrose Industries (MRO) 533.20p 2.54% Spirax Group (SPX) 6,030.00p 1.94% Shell (SHEL) 2,622.00p 1.86% HSBC Holdings (HSBA) 885.70p 1.73% Standard Chartered (STAN) 1,200.50p 1.57% Rio Tinto (RIO) 4,323.00p 1.38%

FTSE 100 - Fallers

Convatec Group (CTEC) 250.80p -7.79% Persimmon (PSN) 1,217.00p -6.28% Berkeley Group Holdings (The) (BKG) 3,672.00p -6.04% The Sage Group (SGE) 1,170.00p -4.92% Barratt Redrow (BTRW) 432.90p -4.69% Land Securities Group (LAND) 604.00p -4.66% Taylor Wimpey (TW.) 113.15p -4.47% Severn Trent (SVT) 2,663.00p -4.00% Marks & Spencer Group (MKS) 342.70p -3.82% United Utilities Group (UU.) 1,116.50p -3.79%

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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.

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