FTSE stocks were southbound in early deals as blue-chip miners and property stocks eased, with sharply lower oil prices continuing to cast a pall over the market.
Soon after the open, FTSE 100 was down 29.53 points, or 0.42%, to 6899.11, while FTSE 250 dropped 39.56, or 0.22%, to 17,762.3.
At 8.32am, WTI crude was down 1.14% to $49.39/bbl and Brent was down 1.0% to $50.28/bbl. Gold was up 0.2% to fetch $1276.1/oz.
Antofagasta (ANTO), down 7.03% to 502.5p, expects its FY copper output will be at the lower end of guidance, with output the following 12 months even lower still.
It was followed by Anglo American (AAL), off 2.13% to 1090.25p, and Glencore (GLEN), down 1.73% to 241.9p. More metals diggers followed.
Other sectors lower included commercial property guided by Land Securities (LAND), down 1.32% to 1011.5p, while house builder Persimmon (PSN) sagged 1.06% to 1675p.
Several pharmas, utilities and leisure stocks were also lower. Financials, among them lenders, investment specialists and fund managers.
Lloyds Banking (LLOY) shed 2.91% to 53.74p as it reported a robust underlying performance with strong improvement in statutory profit for the first nine months of the year.
Overall 84 blue chips lost ground, while high-street retailers, beverages specialists, supermarkets and airlines numbered among the risers. Burberry (BRBY) rose 1.61% to 1483.5p.
Genel Energy (GENL), down 11.15% to 82.63p, said its net production averaged 53,100 barrels of oil per day in Q3, down 8% on the previous quarter.
Sylvania Platinum Ltd (SLP), up 5.56% to 9.5p, said Sylvania Dump Operations (SDO) achieved a new production record of 17,257 ounces for Q1, representing a 6% increase over the previous quarter.
OptiBiotix Health (OPTI), up 4.72% to 66.5p, has made significant progress in the last six months in developing its science, building its IP portfolio, and gaining commercial traction with steadily growing revenues from partnerships and products sales.
Ortac Resources (OTC), down 4.21% to 0.05p, said Beaufort Securities Ltd has raised £300,000 before expenses through a placing of 750m new shares at 0.04p each.
Forbidden Technologies (FBT), up 4.04% to 12.88p, has announced further developments on its Forscene video cloud platform. Forbidden is adding two new apps to its innovative camera to screen video management cloud solution.
Sula Iron & Gold (SULA), down 3.33% to 0.15p, said that, based on additional geophysical work recently completed, directors believe the company’s Ferensola Gold Project has greater potential than the currently defined exploration target.
Earthport (EPO), down 3.08% to 15.75p, said FY revenues increased 18% to £22.8m. It said that while this was clearly lower than what it expected at the start of the year, it was in line with the projections stated at its capital markets day on 27 April.
Other stocks in the news included Meggitt (MGGT), Banco Santander (BNC), Red24 (REDT), Surgical Innovations (SUN), Redde (REDD), Centaur Media (CAU), MySQUAR (MYSQ), Dalata Hotel (DAL), Benchmark (BMK), Lighthouse (LGT), Gulf Keystone (GKP), Metro Bank (MTRO), Mariana Resources (MARL), Trading Emissions (TRE), Egdon Resources (EDR), Atlantis (ARL), Riverstone Energy (RSE) and Nostrum Oil & Gas (NTOG).
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