20th Oct 2020. 3.45pm
UK Sector Snapshot
Whilst the FTSE is still caught up on the 5,800 support zone, the sector game continues to evolve…
The Banking bounce back looks to be entering its second phase, but the how sustainable this is given the long-term downtrends across the sector remains to be seen.
Oil & Gas on the other hand, continues to languish near its lows, with BP (BP.) hitting 15-year lows last week.
The standout Utilities sector has started to consolidate its recent gains, much like Housebuilding & Construction which seems to be gearing up for another push to the upside.
This research is prepared for general information only and should not be construed as any form of investment advice.