FTSE 100 movers: Housebuilders, Prudential on the rise
London’s FTSE 100 was up 0.2% at 7,862.51 in afternoon trade on Monday.
Housebuilders Taylor Wimpey and Barratt Developments were among the risers after the latest data from Rightmove showed that house prices nudged higher in January, halting two months of falls.
According the latest Rightmove House Price Index, house prices rose 0.9% month-on-month in January, compared to a 2.1% decline in December. It was the biggest January rise since 2020. Year-on-year, house prices jumped 6.3%.
The average asking price is now £362,438, although that remains £8,720 below its October 2022 peak.
Prudential also pushed higher. Russ Mould, investment director at AJ Bell, said: "Asia-focused insurer Prudential was among the gainers as shares in China and other markets in the regions, bar Japan, enjoyed gains."
Insurers Beazley and Admiral were the worst performers on the index.
FTSE 100 - Risers
Taylor Wimpey (TW.) 118.55p 3.31%
Ocado Group (OCDO) 792.80p 3.20%
Unite Group (UTG) 1,005.00p 2.24%
Prudential (PRU) 1,319.50p 2.05%
BT Group (BT.A) 129.55p 2.01%
Halma (HLMA) 2,167.00p 1.98%
Associated British Foods (ABF) 1,830.00p 1.95%
SEGRO (SGRO) 855.60p 1.93%
Barratt Developments (BDEV) 463.70p 1.91%
Intertek Group (ITRK) 4,358.00p 1.82%
FTSE 100 - Fallers
Beazley (BEZ) 633.00p -3.73%
Admiral Group (ADM) 2,140.00p -2.01%
Rio Tinto (RIO) 6,125.00p -1.51%
Johnson Matthey (JMAT) 2,190.00p -1.26%
Rolls-Royce Holdings (RR.) 107.42p -1.23%
Compass Group (CPG) 1,902.00p -1.22%
National Grid (NG.) 1,022.50p -1.02%
Sage Group (SGE) 767.20p -0.98%
Pearson (PSON) 919.60p -0.97%
Standard Chartered (STAN) 701.80p -0.88%