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FTSE 250 movers: house builders in focus as mid caps sour

Mon, 04th Jul 2016 18:25

(ShareCast News) - FTSE 250 stocks ended on a sour note with residential property-linked stocks figuring prominently among the fallers as UK construction data disappointed.Clarkson led to the downside as it warned full-year 2016 profits would be "materially lower" on the year due to lower freight rates, quiet capital markets and weak investor confidence.Thereafter the top-10 ladder of mid-cap losers was linked to residential property.Rightmove flopped following Barclays slashed its recommendation to 'underweight' from 'overweight,' and cut its target price to 4,300p from 4,550p.Also in the media sector, Moneysupermarket.com was cut by Barclays to 'equalweight' from 'overweight' with target price lowered to 260p from 390p.Property, residential, construction and services group Kier did its best to reassure investors over its viability on Monday, in the wake of the EU referendum.It said its underlying trading performance had remained in line with management expectations.Bovis Homes, Bellway and Redrow were also under the cosh as Brexit jitters engulfed the residential property market and focuses turned to the impact of UK house prices.To the upside, Aldemore firmed after chairman Glyn Jones went bottom-fishing in shares of his company, picking up £118,883.00-worth of stock on 30 June.This was received as a positive move by the market, shares in the so-called 'challenger' bank had been mauled in the aftermath of the Brexit vote.Market MoversFTSE 250 (MCX) 16,116.70 -2.12%FTSE 250 - RisersAcacia Mining (ACA) 482.90p 4.25%AO World (AO.) 147.20p 3.37%Hochschild Mining (HOC) 202.90p 3.26%Centamin (DI) (CEY) 146.20p 3.25%Vedanta Resources (VED) 444.10p 2.89%Indivior (INDV) 255.70p 2.20%Daejan Holdings (DJAN) 4,953.00p 2.10%Bodycote (BOY) 540.00p 2.08%Polymetal International (POLY) 1,081.00p 1.89%Aldermore Group (ALD) 123.10p 0.90%FTSE 250 - FallersClarkson (CKN) 1,850.00p -16.10%Moneysupermarket.com Group (MONY) 244.80p -10.98%Crest Nicholson Holdings (CRST) 362.90p -8.13%Bovis Homes Group (BVS) 708.50p -7.41%Shawbrook Group (SHAW) 160.00p -7.03%Rightmove (RMV) 3,500.00p -6.37%Bellway (BWY) 1,852.00p -6.24%Redrow (RDW) 312.20p -6.11%Kier Group (KIE) 987.00p -6.00%Close Brothers Group (CBG) 1,070.00p -5.89%

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