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Sector movers: Defensive and oil company shares reverse some of their previous gains
(Sharecast News) - Defensive issues and oil companies' shares paced losses at the start of the week as Tel Aviv opted against and immediate retaliation for the Iranian missile strike at the weekend. On Saturday, Tehran launched over 300 drones and missiles against Israel, approximately 99% of which were intercepted, with the remainder having caused negligible damage.
The launches marked the first direct strike by Iran, as opposed to via its proxies in Gaza, Lebanon, or Yemen.
The leaders of France and Germany argued publicly against an escalation and Foreign Secretary David Cameron said that it was "time to think with head as well as heart".
Israeli officials nevertheless indicated that Tel Aviv would respond at a time of its choosing.
Top performing sectors so far today
Non-life Insurance 3,652.64 +1.84%
Leisure Goods 25,087.48 +1.24%
Aerospace and Defence 10,714.75 +0.98%
Electronic & Electrical Equipment 9,811.79 +0.77%
Life Insurance 5,767.84 +0.56%
Bottom performing sectors so far today
Precious Metals and Mining 10,515.95 -5.21%
Oil, Gas and Coal 9,626.86 -1.79%
Industrial Transportation 4,114.92 -1.32%
Gas, Water & Multiutilities 5,840.92 -1.17%
Electricity 9,935.56 -1.03%
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