best performing sector after full-year results from Land Securities

Top and Bottom performing sectors so far today may 18 2011 - Sector movers: Land Securities boosts real estate trusts : LONDON (SHARECAST) - The real estate investment trust sector is the best performing sector after full-year results from Land Securities.

Property giant Land Securities is towering above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued growth as the recovery proceeds. Pre-tax profits climbed to £1.227bn from £1.069bn the previous year, while the net asset value per share was up to 885p from 750p.

Peers British Land and Hammerson are up in sympathy.

Drax, Scottish & Southern Energy and Andes Energia are providing a drag in the electricity sector.

Top performing sectors so far today
Real Estate Investment Trusts 2,244.82 +3.63%
Mining 25,394.75 +2.46%
Industrial Metals & Mining 7,636.01 +2.05%
Technology Hardware & Equipment 745.87 +1.83%
Forestry & Paper 6,500.51 +1.77%

Bottom performing sectors so far today
Electricity 8,127.81 -0.83%
Electronic & Electrical Equipment 3,184.18 -0.43%
Support Services 4,559.87 -0.31%
Personal Goods 21,431.90 -0.26%
Food & Drug Retailers 4,845.42 -0.14%

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