FTSE 250 movers: Tech shares soar on interest rate hopes

FTSE 250: 19,701.37, up 1.67% at 1550 GMT.
Technology shares were in focus after the smaller-than-expected rise in US inflation sparked hopes that interest rates could be smaller going forward.

Trustpilot investor Molten Ventures surged 12% and Auction Technology Group jumped 13%.

The sentiment spilled over into the consumer sector with ASOS and Currys both soaring.

Beazley shares fell as the insurer said claims from Hurricane Ian had hit $120m in the first nine months of the year and its fixed interest business had made a loss.

FTSE 250 – Risers

Auction Technology Group (ATG) 992.00p 13.11%
Molten Ventures (GROW) 468.80p 12.86%
Ashmore Group (ASHM) 258.00p 12.66%
ASOS (ASC) 782.50p 12.59%
Moonpig Group (MOON) 179.20p 10.01%
Currys (CURY) 85.25p 9.15%
Liontrust Asset Management (LIO) 1,184.00p 8.62%
Synthomer (SYNT) 154.60p 7.96%
Domino’s Pizza Group (DOM) 276.80p 7.87%
Abrdn (ABDN) 202.80p 7.81%

FTSE 250 – Fallers

QinetiQ Group (QQ.) 330.40p -6.35%
Babcock International Group (BAB) 279.60p -4.51%
Tate & Lyle (TATE) 708.00p -4.12%
Beazley (BEZ) 632.50p -3.88%
Serco Group (SRP) 163.80p -3.48%
Drax Group (DRX) 543.00p -3.04%
Chemring Group (CHG) 299.50p -2.76%
Man Group (EMG) 220.00p -2.48%
Balfour Beatty (BBY) 303.60p -2.19%
Telecom Plus (TEP) 2,265.00p -2.16%

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