Sector movers: Miners unwanted as metal prices fall

28th Jan 2011 16:15

With the price of the most actively traded gold futures contract hitting its lowest level since 4 October yesterday there is little enthusiasm for the miners. Silver prices are also lower sending shares in precious metals miners Fresnillo and African Barrick Gold southwards.Shares in New World Resources dipped on Friday after the hard coal and coke producer said the proportion of coking coal in the sales mix in 2010 was lower than anticipated, which affected the group's revenues for the year.Alternative energy is the best performing sector, trading over 5% higher late Friday afternoon.Top performing sectors so far todayAlternative Energy 3,778.15 +5.09%Industrial Metals & Mining 8,540.07 +1.77%Personal Goods 18,814.68 +0.88%Electronic & Electrical Equipment 2,919.35 +0.64%Health Care Equipment & Services 3,922.41 +0.44%Bottom performing sectors so far todayHousehold Goods & Home Construction 6,369.64 -2.99%Mining 25,672.64 -2.77%Forestry & Paper 5,514.94 -2.66%Tobacco 26,477.43 -2.24%Automobiles & Parts 4,844.47 -2.03%