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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.

Sector movers: Oil and Gas, Big Tobacco keep stocks afloat

(Sharecast News) - Oil&Gas paced gains on the FTSE 350 at the end of the week, alongside Big Tobacco, amid subdued trading across Europe as well as on the other side of the Pond. Nevertheless, all the main equity benchmarks were on course to finish the week firmly in the green.

In the case of Oil&Gas, investors were keeping an eye out for any fresh headlines around the G7 and EU's proposed price cap for Russian crude oil exports.

Shares of Imperial Brands meanwhile were benefitting from a price target upgrade out of Deutsche Bank from 2,250.0p to 2,350.0p.

Going the other way, shares in interest rate sensitive Real Estate and Household Construction were the main drag as longer-term Gilt yields put in a modest avance, albeit after selling off heavily from their Octover peaks.

Top performing sectors so far today

Oil, Gas and Coal 8,348.78 +1.47%

Tobacco 36,497.01 +0.97%

Industrial Transportation 3,710.71 +0.47%

Beverages 28,677.78 +0.32%

Medical Equipment and Services 10,901.00 +0.32%

Bottom performing sectors so far today

Automobiles & Parts 1,319.78 -1.91%

Real Estate Investment Trusts 2,321.24 -1.91%

Real Estate Investment & Services 2,255.64 -1.28%

Household Goods & Home Construction 10,210.83 -1.08%

Chemicals 12,077.96 -0.95%

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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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