The second best performing sector was electricity, which rose 2.44 per cent as investors took the view that the concerns about a windfall tax by an incoming Labour government were fully discounted and stocks were good value.
THE WORST performing sector was integrated oil stocks which fell 4.87 per cent. This reflected the 5 per cent decline in the price of crude oil this week on reports of plentiful supplies, which will hurt the profit margins of the oil companies.
Oil exploration companies were also hit. This was the second worst performing sector falling 4.46 per cent. Copyright: IOS & BloombergReuse content