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 250 movers: Ashmore surges on Venezuela turmoil

(Sharecast News) - FTSE 250 (MCX) 22,501.34 0.41% Emerging markets asset manager Ashmore jumped to the top of the FTSE 250 on Monday due to its exposure to Venezuelan debt, after the US capture over the weekend of leader Nicolas Maduro.

In the November 2025 update on its SICAV Emerging Markets Sovereign Debt Fund, Ashmore cited Venezuela as its biggest country exposure, at 7.1% of the fund.

Bonds in Venezuela's state-owned oil company, Petroleos De Venezuela, were cited at the top of its top 10 holding exposure, at 3.4% of the fund.

At 1240 GMT, the shares were up 4% at 182p, having earlier risen to as high as 199.70p.

Panmure Liberum analyst Rae Maile said: "Exposure to Venezuela has in the past been used as a stick to beat Ashmore with, so it is fair to see the share price rally.

"Much more importantly it is a reminder of why active management is important in emerging markets."

Gold miners Hochschild and Endeavour racked up strong gains as gold and silver prices were boosted by a flight to safety.

Ithaca Energy and Energean were both lower as oil prices retreated in response to the events in Venezuela.

Market Movers

FTSE 250 - Risers

Ceres Power Holdings (CWR) 237.60p 10.53% Ashmore Group (ASHM) 186.10p 6.23% Hochschild Mining (HOC) 517.00p 5.80% Trustpilot Group (TRST) 166.60p 5.78% Endeavour Mining (EDV) 3,850.00p 5.59% Johnson Matthey (JMAT) 2,304.00p 5.31% Shawbrook Group (SHAW) 510.50p 4.39% BlackRock World Mining Trust (BRWM) 868.00p 3.95% Partners Group Private Equity Limited. (EUR) (PEY) 10.80p 3.35% Chemring Group (CHG) 489.00p 3.17%

FTSE 250 - Fallers

Raspberry PI Holdings (RPI) 283.10p -5.43% Ithaca Energy (ITH) 154.60p -4.93% Diversified Energy Company (DI) (DEC) 1,030.00p -4.21% WH Smith (SMWH) 620.00p -3.13% Ibstock (IBST) 136.80p -2.98% Lion Finance Group (BGEO) 8,965.00p -2.77% Energean (ENOG) 883.50p -2.59% Gamma Communications (GAMA) 886.00p -2.53% THG (THG) 45.24p -2.47% B&M European Value Retail S.A. (DI) (BME) 162.30p -1.82%

Share this article

Related Sharecast Articles

FTSE 250 movers: Housebuilders gain, miners lose their shine
(Sharecast News) - FTSE 250 (MCX) 22,813.69 0.10%
FTSE 250 movers: Ocado surges on JPM note
(Sharecast News) - FTSE 250 (MCX) 22,693.18 0.44%
FTSE 100 movers: Rentokil jumps on upgrade; JD Sports hit by downgrade
(Sharecast News) - London's FTSE 100 was up 1.5% at 10,150.47 in afternoon trade on Tuesday.

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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.