Skip Header
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: Software stocks gain, miners in the red

(Sharecast News) - London's FTSE 100 was up 0.8% at 10,811.50 in afternoon trade on Thursday. Software-related stocks were the standout gainers on the index, with LSEG, Experian and Autotrader all higher.

On the downside, Computacenter and Scottish Mortgage Investment Trust fell after the selloff in Asian tech stocks.

Miners Antofagasta, Rio Tinto, Anglo American and Glencore all fell.

Dan Coatsworth, head of markets at AJ Bell, said: "Copper prices fell 1.6%, triggering a sell-off in base metal producers. Miners like Antofagasta and Anglo American were seen as prime beneficiaries of the AI boom as copper is a crucial raw material for the power build outs.

"Any idea of an AI bubble, and one that is primed to burst, could fuel fears that copper demand might not live up to lofty expectations. That could take some heat out of the market."

Chilean copper miner Antofagasta was also in focus after a third-quarter production update underwhelmed and as the blue chip raised its costs forecast.

FTSE 100 - Risers

BT Group (BT.A) 207.40p 4.51% Compass Group 11 (CPG) 32.52p 3.89% 3i Group (III) 2,484.00p 3.71% British American Tobacco (BATS) 4,416.00p 3.66% London Stock Exchange Group (LSEG) 8,660.00p 3.61% Experian (EXPN) 2,789.00p 3.45% JD Sports Fashion (JD.) 91.18p 3.35% Imperial Brands (IMB) 2,871.00p 3.24% Autotrader Group (AUTO) 529.80p 3.12% Whitbread (WTB) 2,615.00p 3.11%

FTSE 100 - Fallers

Computacenter (CCC) 5,070.00p -6.95% Antofagasta (ANTO) 3,343.00p -6.30% Halma (HLMA) 3,336.00p -4.24% Rio Tinto (RIO) 6,679.00p -3.50% Weir (WEIR) 2,656.00p -2.35% Anglo American (AAL) 3,983.00p -2.30% Scottish Mortgage Inv Trust (SMT) 1,578.00p -2.17% Glencore (GLEN) 565.60p -2.13% IMI (IMI) 2,940.00p -2.00% Diploma (DPLM) 7,810.00p -1.45%

Share this article

Related Sharecast Articles

FTSE 100 movers: Lloyds and NatWest fall; WPP gains
(Sharecast News) - London's FTSE 100 was 0.1% higher at 10,855.11 in afternoon trade on Friday.
FTSE 250 movers: THG surges; Mondi slumps
(Sharecast News) - FTSE 250 (MCX) 24,361.58 0.00%
FTSE 100 movers: Barratt Redrow rallies; Fresnillo loses its shine
(Sharecast News) - London's FTSE 100 was up 0.4% at 10,696.83 in afternoon trade on Wednesday.

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.