Sector movers: Industrial metals stocks rebound after recent sell-off

7th Mar 2012 16:25

A rebound in the industrial metals and mining sector was being seen on Wednesday following the category's recent poor performance.With the demand outlook for commodities being dampened by some gloomy economic data and ongoing concerns about the Eurozone as of late, the average share price in the sector has dropped by nearly 6% over the last week, down over 15% during the last month.Leading the risers today was steel giant Evraz, nickel and zinc producer Talvivaara and iron ore miner Bellzone. Stocks were up an average of 3.5% today.Meanwhile, just two sectors were in the red today - tobacco and construction and materials - with some heavyweight constituents going ex-dividend.Cigarettes maker British American Tobacco and Irish building giant CRH were both trading without the right to their latest dividends, providing a drag in their respective sectors.BCTop performing sectors so far todayIndustrial Metals & Mining 4,339.47 +3.49%Forestry & Paper 6,425.12 +2.93%Personal Goods 22,094.55 +2.91%Aerospace and Defence 3,676.18 +2.47%Technology Hardware & Equipment 738.83 +2.29%Bottom performing sectors so far todayTobacco 36,269.46 -1.21%Construction & Materials 3,461.70 -1.19%