FTSE 250 movers: Ninety One tanks, oil stocks gain

(Sharecast News) - FTSE 250 (MCX) 21,701.89 0.28%

Ninety One tanked after Bank of America downgraded the shares to 'neutral' from 'buy' and cut the price target to 260p from 280p, citing lower expected market returns.

The news hit other fund managers with Jupiter and Ashmore Group both lower.

Energean and Harbour Energy both gained on higher oil prices.

Fund administration services firm JTC was little changed as it reported a 25% jump in full-year revenues to £381.9m and a 22.4% increase in underlying earnings.

Elsewhere, precision engineering group Hunting rose after saying it had won $63.5m in orders to deliver its titanium stress joint products for a new offshore oil development in Guyana.

FTSE 250 - Risers

Energean (ENOG) 887.00p 5.52% WPP (WPP) 251.45p 5.15% The Schiehallion Fund Limited NPV (MNTN) 1.91p 3.80% AEP Plantations (AEP) 1,866.00p 3.67% W.A.G Payment Solutions (EWG) 112.80p 3.49% Patria Private Equity Trust (PPET) 600.00p 3.45% Pollen Street Group Limited (POLN) 828.00p 3.24% Harbour Energy (HBR) 294.40p 3.14% Helios Towers (HTWS) 194.40p 3.12% THG (THG) 29.40p 3.00%

FTSE 250 - Fallers

Ninety One (N91) 206.80p -10.89% Jupiter Fund Management (JUP) 157.20p -5.87% Ashmore Group (ASHM) 204.40p -5.19% Wizz Air Holdings (WIZZ) 859.50p -4.32% Raspberry PI Holdings (RPI) 465.00p -4.20% Marshalls (MSLH) 137.00p -3.89% Carnival (CCL) 1,878.50p -2.63% Oxford Biomedica (OXB) 544.00p -2.50% Close Brothers Group (CBG) 393.00p -2.29% Oxford Nanopore Technologies (ONT) 116.60p -2.25%