Sector movers: Tech stocks advance

8th Sep 2010 15:14

Technology hardware and equipment stocks are among today's best performers. Telit is one the risers in the sector.The machine-to-machine communications technology company Telit continued on the recovery trail in the first half of this year and the second half of 2010 looks like being just as strong, prompting the company to advise that full year results are likely to be ahead of expectations.The healthcare equipment and services is in the red despite some well-received results from a couple of stocks in the sector.Wound care specialist Advanced Medical Solutions (AMS) had a strong first half of the year with the recent acquisition of polyurethane foam business Corpura providing an extra boost.Revenue from continuing operations in the first half of the year rose by 47% to £14.5m from £9.9m last year, though with the contribution from Dutch firm Corpura excluded the rise shrinks to 25%.Revenues were up at healthcare products storage group Vindon Healthcare in the six months to June 30, but profits fell back as the company laid the foundations for US expansion.Pre-tax profits climbed fell to £412,000 from £506,000 as revenues increased to £2.64m from £2.59m.Top performing sectors so far todayTechnology Hardware & Equipment 563.09 +1.90%Electricity 7,188.01 +1.60%Fixed Line Telecommunications 1,948.70 +1.53%Gas, Water & Multiutilities 4,498.89 +1.17%Industrial Metals & Mining 6,083.75 +1.11%Bottom performing sectors so far todayHealth Care Equipment & Services 3,018.64 -0.87%Beverages 8,484.38 -0.66%Banks 5,005.91 -0.60%Real Estate Investment & Services 1,455.87 -0.59%Industrial Engineering 5,420.27 -0.51%