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FTSE 100 movers: Fresnillo slumps; JD Sports gives back some gains

(Sharecast News) - London's FTSE 100 was down 0.3% at 8,260.29 in afternoon trade on Friday. Precious metals miner Fresnillo slumped as gold prices fell after the US non-farm payrolls report came in much better than expected, dashing rate cut hopes.

Naeem Aslam, chief investment officer at Zaye Capital Markets, said: "All traders were very focused on the US NFP data, and the question that they have been asking throughout this week is whether good news is going to be good news or if bad news is going to be good news.

"The data undoubtedly provided positive news for the Fed, but it did not significantly impact gold traders, as it confirmed the robust state of the US labour market. The data came in very hot and blew past all expectations, and the knee-jerk reaction for the gold price has been very much like that text book, which was on the downside. However, investors should always pay attention to the details."

JD Sports was also in the red, having rallied on Thursday after US sportswear apparel retailer Lululemon lifted its full-year profit outlook.

FTSE 100 - Risers

Convatec Group (CTEC) 252.00p 0.64% Pearson (PSON) 951.20p 0.51% Smith & Nephew (SN.) 1,039.00p 0.43% Next (NXT) 9,322.00p 0.43% Unilever (ULVR) 4,406.00p 0.39% Diploma (DPLM) 4,170.00p 0.24% HSBC Holdings (HSBA) 693.70p 0.22% Pershing Square Holdings Ltd NPV (PSH) 4,226.00p 0.19% National Grid (NG.) 865.40p 0.16% Compass Group (CPG) 2,205.00p 0.14%

FTSE 100 - Fallers

Fresnillo (FRES) 568.50p -4.13% Prudential (PRU) 734.40p -3.65% Antofagasta (ANTO) 2,134.00p -3.61% JD Sports Fashion (JD.) 123.90p -3.32% Intermediate Capital Group (ICG) 2,240.00p -3.28% Ocado Group (OCDO) 353.20p -2.57% SEGRO (SGRO) 906.20p -2.24% Experian (EXPN) 3,665.00p -2.08% B&M European Value Retail S.A. (DI) (BME) 485.30p -2.08% NATWEST GROUP (NWG) 312.30p -2.04%

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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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