Sector movers: Oil services stocks wanted

26th Jun 2009 11:28

Oil services group Petrofac, lifted yesterday by talk it may be taken over, is helping lift the oil equipment services sector higher. Velosi is top of the pile though. The oil rig safety consultant said on Wednesday that it had made a good start to 2009.Telecommunications stocks are out of favour. BT, which yesterday announced it and India's Tata Communications will be sharing their huge resources after signing a "major" global supply agreement for voice services is among the fallers. Vodafone leads mobile telecoms stocks lower. Top performing sectors so far todayForestry & Paper 2,235.06 +4.27%Electronic & Electrical Equipment 1,216.04 +2.06%Chemicals 3,267.67 +1.92%Industrial Metals 4,122.92 +1.78%Oil Equipment Services & Distribution 11,918.20 +1.68%Bottom performing sectors so far todayFixed Line Telecommunications 1,543.19 -1.28%Mobile Telecommunications 2,680.54 -0.61%Life Insurance 2,843.39 -0.47%Food & Drug Retailers 4,113.68 -0.30%Beverages 6,245.38 -0.24%