Sector Review
Sector movers: Investors take profits in value stocks after torrid November
Investors booked some profits in the Oil&Gas space following sharp rallies over the course of November on the back of much better-than-expected news regarding progress on developing effective vaccines against Covid-19.
Sector movers: Health Care stocks and Banks pace gains
Shares of those firms that are more insulated from fallout of the Covid-19 pandemic paced gains at the end of the week, after the government unveiled a stricter tiered system that would take effect when the latest national lockdown ends on December 2, with tier 3 the most severe.
Sector movers: Gains in Oil and Defence help offset weakness in Pharma
Oil and Defence stocks were among the strongest areas of the market at the start of the week buoyed by hopes that a prompt rollout of Covid-19 vaccines might offset the near-term risks to growth from the second wave of the pandemic, and if not immediately then over the course of 2021.
Sector movers: Rotation into value stocks continues
Investors continued to pick up issues in so-called 'value' sectors at the start of the week, as they were arguably trading at too steep a discount to their estimated fundamental value going forwards given news of another breakthrough in efforts to develop a vaccine against Covid-19.
Sector movers: Investors take some profits among lenders and aerospace firms
Banking and Aerospace issues were at the bottom of the pile on Thursday as concerns around the ongoing second wave of the Covid-19 pandemic on both sides of the Atlantic appeared to reassert themselves.
Sector movers: Aerospace finds a bid, analysts divided on budget airlines and Rolls Royce
Aerospace and Defence names were again higher, although analysts' opinions were a little divided when it came to the likes of engineer Rolls Royce or budget airlines.
Sector movers: Aerospace, Big Oil spike as short-sellers caught out by vaccine news
Aerospace and Defence, and Big Oil were wanted at the start of the week following news that one of the front-runners in the fight to find a vaccine against Covid-19 had proven far more effective than even company insiders had hoped for.
Sector movers: Big Pharma paces gains, Banks track drop in yields
Defensives paced Wednesday's rally from an early drop as investors woke up to find the result of the US presidential elections were still being hotly contested.
Sector movers: Investors seek out value in 'bombed out' Aerospace, Bank shares
Aerospace and Defence names extended their gains from the preceding session on the back of analysts' upgrades, some of whom had pointed out that the historic valuation discount versus the broader market, defined as the Stoxx Europe 600, that they had reached in October.
Sector movers: Big Oil, Aerospace and Defence bounce back
Some of the more beaten down areas of the London stockmarket paced gains at the start of the week, amid bottom-picking by some investors even in the face of the uncertainty posed by the 3 November elections the next day.