Sector movers: Metals and mining stocks suffer sell-off

12th Sep 2011 15:34

Just one sector was making gains on Monday, as UK stocks were not immune to the global sell-off due on the back of renewed fears over the Eurozone crisis.The technology hardware and equipment sector was the best performing sector, lifted higher by chip-making peers Imagination Technologies and ARM Holdings, who were among the few risers in London in the afternoon.The industrial metals and mining sector was among the worst performing sectors, as metals prices took a tumble on the back of demand concerns. The copper price was 1.14% lower at $396.70 at 16:00.Copper and gold miner First Quantum Minerals was leading the decline, losing almost 10%. Gold prices were 1.39% lower at $1,833.60.FTSE 250 mining peers Talvivaara Mining and Ferrexpo were also among the fallers.BCTop performing sectors so far todayTechnology Hardware & Equipment 714.76 +0.82%Bottom performing sectors so far todayForestry & Paper 5,434.15 -3.44%Industrial Metals & Mining 5,378.90 -3.04%Electronic & Electrical Equipment 2,708.06 -2.89%Automobiles & Parts 4,096.29 -2.72%Life Insurance 3,435.63 -2.66%