Home
Investment
News & Views
Company News
news storage
Sector movers: Prudential plans boost insurance sector
Thu, 09 Feb, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Sector movers: Prudential plans boost insurance sector
Mon, 8 Mar 2010, 09:48:00
The
life insurance
sector is higher after investors gave a warm reception to Prudential's acceleration of its plans for a listing on the Hong Kong Stock Exchange. The Pru now wants the listing effective before its $20bn rights issue to help fund the purchase of AIG Asia. Peers Legal & General, Resolution and Aviva have also climbed. Drug giant AstraZeneca helps drag the
pharmaceuticals & biotechnology
sector lower after it said its lung cancer treatment Recentin failed to meet the primary endpoint in a clinical study to compare it with rival drug group Roche's Avastin. GlaxoSmithKline, which is also facing problems, with its diabetes drug Avandia, is also lower.
Top performing sectors so far today
Industrial Transportation 2,217.29 +7.80% Life Insurance 3,661.78 +1.26% Oil Equipment Services & Distribution 16,963.36 +0.95% Mining 23,401.89 +0.88% Electricity 6,582.55 +0.74%
Bottom performing sectors so far today
Pharmaceuticals & Biotechnology 8,711.17 -1.11% Real Estate Investment Trusts 1,918.29 -0.54% Electronic & Electrical Equipment 1,708.35 -0.48% Forestry & Paper 4,667.23 -0.41% Media 3,534.54 -0.34%
©2004-2009 QCK.com