Sector movers: Cigarettes and alcohol in demand

12th Oct 2010 15:55

Drinks stocks are going well, with the sector led higher by Magners cider maker C&C, which lifted cider volumes in Britain for the first time since 2007.Poor demand in Ireland knocked cider sales overall in the first half of 2010 though.Tobacco stocks are also in demand today, with their defensive qualities appealing to investors amid gloom in other sectors such as mining. Lambert & Butler maker Imperial and Lucky Strike group British American are wanted.Top performing sectors so far todayTobacco 27,880.19 +1.02%Beverages 8,826.84 +0.90%Pharmaceuticals & Biotechnology 9,433.01 +0.57%Personal Goods 17,737.97 +0.20%Banks 5,025.47 +0.18%Bottom performing sectors so far todayFixed Line Telecommunications 1,969.40 -2.54%Alternative Energy 3,150.35 -1.83%Industrial Transportation 2,346.40 -1.39%Technology Hardware & Equipment 570.00 -1.31%Industrial Metals & Mining 7,143.73 -1.27%