Sector movers: Covid-19 worries, US stimulus doubts weigh on cyclicals

Cyclical parts of the market were broadly weaker with General Industrials and Automobiles and Parts pacing losses on Thursday.

Concerns over the prolonged impact that the Covid-19 pandemic might have on the travel and leisure sector dragged on the likes of Melrose, the owner of aerospace engineer GKN.

Likewise, Rolls Royce remained under intense selling pressure, weighing on the aerospace segment.

Also weighing on cyclicals were the mounting doubts about the likelihood of further stimulus in the States, particularly ahead of the next presidential elections.

Top performing sectors so far today

Real Estate Investment & Services 2,358.02 +0.09%

Tobacco 29,150.42 +0.04%

Alternative Energy 0.00 0.00%

Alternative Investment Instruments NULL 0.00%

Automobiles and related providers NULL 0.00%

Bottom performing sectors so far today

General Industrials 5,412.63 -3.08%

Automobiles & Parts 2,335.26 -2.76%

Oil Equipment, Services & Distribution 3,779.77 -2.76%

Pharmaceuticals & Biotechnology 17,661.33 -2.58%

Aerospace and Defence 2,966.07 -2.44%