Cyclicals were broadly lower on Thursday with selling among Construction and oil equipment stocks exerting the biggest drag on the market.
Cyclical stocks were broadly lower on Wednesday following the release of a weaker than expected reading on US consumer confidence for the month of August that served to knock shares lower across the globe.
Mergers and acquisitions news-flow continued to drive sector movements at the sector level, this time in the travel and leisure space.
Mergers and acquisitions speculation continued to drive sector moves at the start of the week - yet again.
Miners' shares paced losses on the stock market at the end of the week, with Anglo American, Antofagasta, BHP, Glencore, and Rio Tinto all ending sharply lower.
Drug and biotechnology shares were in demand on Wednesday, with investor sentiment towards the sector boosted by continued mergers and acquisitions activity in the sector.
Leisure stocks were among the weakest areas of the market with the likes of Carnival, InterContinental Hotels, Mitchell and Butler's and Whitbread all in the minus column at the end of the session.
Food producers paced gains in the stock market at the start of the week with shares of Cranswick at the head of the pack.
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