FTSE 250 movers: Dunelm hit by profit taking

7th Jan 2014 15:16

Dunelm was one of the biggest fallers in what looked like profit taking in the shares after more than doubling in 2013 and issued an encouraging trading update on Tuesday. Broker Prime Markets issued a 'sell' recommendation as it thought the shares were likely to see a period of consolidation despite a strong recovery in the second quarter. Bwin.Party Digital Entertainment also fell as it was downgraded by Morgan Stanley to 'underweight'.Chip maker Imagination Technologies fell despite news of its equipment has been included in an innovative new processor chip produced by US giant Qualcomm for ultra-HD televisions. Readacross from Samsung, whose results were much worse than expected, dragged the group lower. Pub company Enterprise Inns was the highest riser on the FTSE 250 the day after rival Punch Taverns notified the market that its plans to sell off underperforming pubs would take longer than expected. Television set-top box maker Pace rose as it completed the $323m acquisition of rival Aurora Networks. Pace said it will also make a 2013 full year trading update on Thursday January 9th.Metals treatment specialist Bodycote, which received a reiteration of a 'buy' rating from analysts at N+1 Singer and positive notes from Credit Suisse and JP Morgan last week, was another strong riser. FTSE 250 - RisersEnterprise Inns (ETI) 157.70p +4.71%Pace (PIC) 334.80p +4.53%Bodycote (BOY) 711.50p +3.34%Bank of Georgia Holdings (BGEO) 2,531.00p +3.31%Atkins (WS) (ATK) 1,471.00p +3.23%Cobham (COB) 279.00p +2.69%Devro (DVO) 305.60p +2.55%Workspace Group (WKP) 548.00p +2.53%IP Group (IPO) 173.10p +2.43%Ladbrokes (LAD) 181.00p +2.38%FTSE 250 - FallersKenmare Resources (KMR) 18.93p -4.15%Renishaw (RSW) 2,035.00p -3.78%Dunelm Group (DNLM) 946.00p -3.37%Bwin.party Digital Entertainment (BPTY) 121.00p -3.20%Imagination Technologies Group (IMG) 174.00p -3.12%African Barrick Gold (ABG) 196.00p -3.07%BBA Aviation (BBA) 314.20p -2.66%International Personal Finance (IPF) 507.50p -2.40%Croda International (CRDA) 2,396.00p -2.28%Domino's Pizza Group (DOM) 505.00p -2.04%OH