Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Sector movers: Defensives pace gains as China news rattle traders
(Sharecast News) - The final week of November got off to a soft start with the FTSE 350 dragged lower by Autos&Parts and Homebuilders' shares. Dragging on the latter was a downgrade on Persimmon shares out of UBS to 'sell' from 'neutral'.
The analysts at the Swiss investment bank also lowered their target price from 1,290.0p to 1,230.0p, telling clients that margins and returns were set to start reverting to the sector's mean values.
That was on top of the absolute downdraft in volumes and pricing that they expected to see over the course of 2023-24.
In the background, at the weekend, protests had taken place in multiple key Chinese cities over the government's zero-Covid policy.
Going the other way, defensives including Big Pharma were doing well.
In Retail, investors bid Boohoo shares higher following news that it had increased its investment in Revolution Beauty to 26.5% from 12.9%, making it the cosmetics group's biggest shareholder.
Beverages were also moving up, paced by gains in Diageo.
Top performing sectors so far today
Pharmaceuticals & Biotechnology 20,558.96 +0.86%
Beverages 28,945.81 +0.84%
Personal Care, Drug and Grocery Stores 4,163.00 +0.83%
Retailers 3,250.65 +0.65%
Investment Banking and Brokerage Services 12,927.86 +0.44%
Bottom performing sectors so far today
Automobiles & Parts 1,303.88 -1.82%
Non-life Insurance 3,203.44 -1.79%
Household Goods & Home Construction 10,141.96 -1.61%
Life Insurance 6,502.39 -1.45%
Personal Goods 32,843.74 -1.25%
Share this article
Related Sharecast Articles
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.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.