Centamin biggest winner in FTSE 350

Egypt-focused gold mining company Centamin was the FTSE 350's biggest winner at the close of trading on Monday having risen by 9.9 per cent to 54.90p per share.

Egypt-focused gold mining company Centamin was the FTSE 350's biggest winner at the close of trading on Monday having risen by 9.9 per cent to 54.90p per share.

The sudden rise in the share price may be partially related to political events that unfolded over the weekend and early hours of this morning.

Advertisement - Article continues below

On Saturday, Egyptian President Mohammed Morsi rescinded his Presidential decree but remained firm on going ahead with a referendum towards year-end.

On Monday, the BBC reported that he had ordered the military to maintain security and protect state institutions in the run-up to a referendum on a new constitution.

In the last two months, the stock has fallen by over 55% from its highest value of 107.30p in mid-October to a 52-week low of 49.95p.




Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular


These seven charts show exactly why you must own gold today

Covid-19 is accelerating many trends that were already in existence. The rising gold price is one such trend. These seven charts, says Dominic Frisby,…
3 Jun 2020
EU Economy

Why a stronger euro is good news for investors

The fragile state of the eurozone has for a long time brought the threat of deflation. But the ECB’s latest moves have dampened those fears. John Step…
5 Jun 2020

Disease, rioting and mass unemployment – so why are markets soaring?

Despite some pretty strong headwinds in the last year, America’s S&P 500 stock index is close to all-time highs. John Stepek explains why markets seem…
4 Jun 2020