Share Dealing
Market update (AM): Investors hedge their bets on MAN Group
Joe McGrath, 07 April 2010
MAN Group continued to lead gains in mid-morning trading after positive sentiment from analysts coupled with a rise in the net asset value of its flagship fund.
Shares in the hedge fund specialist rose 6.1 per cent to 267.4 pence, leaving it as a standout performer, well ahead of the chasing pack.
Land Securities Group was buoyed by a number of upgrades across the property sector, including one from UBS. Its analysts raised the price target on the group by 6 per cent and upgrading its view from neutral to buy. It nudged upwards be 2.3 per cent to 697.3 pence.
Similarly, Hammerson was feeling the benefit of broker upgrades also securing a buy rating, up from its previous neutral label also from UBS. Its share price rose 2.2 per cent to 406.2 pence.
Recent trading has seen investor interest move to the miners though and Berkeley Mineral Resources felt the benefit yesterday after an optimistic trading statement about the growing demand for base metals.
The news was greeted with a stampede of buying activity from investors sending the stock rocketing up the top ten trades list.
Elsewhere, news that BP had announced the first major contracts on the rehabilitation of the Rumaila field in Southern Iraq initially had investors buying only for that trend to reverse in the afternoon.
Three contractor groups have been selected to drill wells, worth a total of £327.8 million ($500 million).
Top ten trades
Source: The Share Centre
Tuesday 7 April 2010 (full day)
To order free annual reports of the companies below, please click here
1. Lloyds Banking Group, 4 per cent
2. Royal Bank of Scotland, 3 per cent
3. Berkeley Mineral Resources, 3 per cent
4. Desire Petroleum, 3 per cent
5. KEA Petroleum 2 per cent
6. HMV Group, 2 per cent
7. Rockhopper Exploration, 1 per cent
8. ITV, 1 per cent
9. Aviva, 1 per cent
10. Solo Oil, 1 per cent
Sell
1. Lloyds Banking Group, 4 per cent
2. BP, 3 per cent
3. Desire Petroleum, 2 per cent
4. Barclays, 2 per cent
5. Royal Bank of Scotland, 2 per cent
6. Tesco, 2 per cent
7. Vodafone Group, 1 per cent
8. Afren, 1 per cent
9. Solo Oil, 1 per cent
10. National Grid, 1 per cent
Advertisement
Free Magazine: How To Invest For Income
Free Magazine: How To Invest For Income In this free edition of MarketViews, Peter Temple highlights key features that can make income-based investing generate such good results. Get your free copy here
Free Guide: 8 Common Trading Indicators
Get this free guide to find out how to use technical indicators to give you a sense of what the market will do next. Get your free copy here.
No hassle and no admin fees. Open an account now with The Share Centre. Find out more.
A free guide to Gold Investment
Physical Gold protects against global economic downturn by providing crucial portfolio balance. You can buy gold bars for your UK pension and receive up to 40% price discount via tax relief. Buy tax-free gold coins as an alternative to poor interest rates. Find out more and download this free guide to gold investment.
The TaxGuide.co.uk has a wealth of tips and advice from working out your tax bill, through to the latest personal tax rules. Get your personal tax tips today.
FREE Report: Inside Investment Trusts
Written by the team behind What Investment, this exclusive FREE report covers:
- Why Investment Trusts are better than Unit Trusts
- How new legislation is broadening the appeal of Investment Trusts
- Where to look for buying opportunities
- Why now is the time to buy Investment Trusts
- The Investment Trusts to invest in at the moment


Comments
Please register or login to comment on this article.