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FTSE 250 movers: Financials out of favour after SVB sell-off
(Sharecast News) - FTSE 250: 19,332.48, -1.83% at 1500 GMT. Investment firms were well and truly in the firing line after a Wall Street sell-off overnight, sparked by tech-focused bank SVB Financial, which plummeted 60% after it announced plans to raise more than $2bn in capital to help offset losses on bond sales.
On the FTSE 250, shares in Molten Ventures and Bridgepoint slumped 14.66% and 7.54%.
Oil and gas stocks were in favour, driven by the recent cold snap in the UK, with Drax, Tullow Oil and Harbour Energy all higher.
FTSE 250 - Risers
Drax Group (DRX) 652.00p 3.00% Tullow Oil (TLW) 33.70p 2.93% National Express Group (NEX) 138.20p 2.67% Centamin (DI) (CEY) 101.55p 2.53% FirstGroup (FGP) 108.20p 1.98% Tritax Eurobox (GBP) (EBOX) 64.40p 1.58% Babcock International Group (BAB) 328.20p 1.42% Harbour Energy (HBR) 291.50p 1.22% Watches of Switzerland Group (WOSG) 807.00p 1.06% Domino's Pizza Group (DOM) 262.20p 0.85%
FTSE 250 - Fallers
Molten Ventures (GROW) 313.20p -14.66% ASOS (ASC) 839.00p -7.70% Bridgepoint Group (Reg S) (BPT) 223.20p -7.54% Carnival (CCL) 721.40p -6.80% Aston Martin Lagonda Global Holdings (AML) 247.40p -6.64% Just Group (JUST) 89.70p -5.38% Allianz Technology Trust (ATT) 212.50p -5.35% Intermediate Capital Group (ICP) 1,324.50p -5.16% Jupiter Fund Management (JUP) 140.10p -5.08% Moonpig Group (MOON) 125.70p -4.77%
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