Sector movers: SABMiller adds fizz to drinks sector

19th Nov 2009 13:26

The beverages sector is fizzing after SABMiller, the brewer behind such brands as Miller Genuine Draft and Peroni, posted interim profits ahead of expectations.Lager volumes were down by 1% due mainly to weakness in developed markets, but SABMiller managed to offset this by lifting prices. With metals prices on the back foot, the mining sector is one of today's heaviest fallers. Copper has come off 14-months highs and gold, which has been hitting record highs lately, has eased.Among the big miners posting losses are Antofagasta, Anglo American and Fresnillo. Among smaller companies Beowulf Mining which owns mineral exploration projects in Sweden, jumped after it said results from tests of its Lulepotten copper-gold deposit in Northern Sweden appeared favourable compared to another of its deposits in the region. Top performing sectors so far todayHousehold Goods 6,316.01 +2.00%Beverages 7,785.35 +1.70%Gas, Water & Multiutilities 3,920.77 +0.97%Personal Goods 10,227.96 +0.90%Health Care Equipment & Services 3,211.34 +0.66%Bottom performing sectors so far todayAutomobiles & Parts 2,618.63 -3.11%Forestry & Paper 3,569.63 -2.82%Mining 20,589.65 -2.80%Technology Hardware & Equipment 341.90 -2.60%Electronic & Electrical Equipment 1,529.97 -2.10%