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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 100 movers: Defensives eke out some gains amid heavy selloff

(Sharecast News) - London's FTSE 100 was down 2.3% at 7,985.98 in afternoon trade on Monday, suffering its worst session in more than a year. Amid a wide-scale selloff, defensives managed some gains, with Reckitt Benckiser and Haleon both in the black. Meanwhile, Diageo and GSK suffered only small losses.

Richard Hunter, head of markets at Interactive Investor, called the moves in defensives "half-hearted".

Elsewhere, Scottish Mortgage Investment Trust and Pershing Square - which are particularly exposed to the US - were both under the cosh.

FTSE 100 - Risers

Reckitt Benckiser Group (RKT) 4,203.00p 1.28% Darktrace (DARK) 594.40p 0.10% Haleon (HLN) 368.10p 0.08% RELX FINANCE BV 3.375% GTD NTS 20/03/33 (BW73) 99.72p 0.00% Diageo (DGE) 2,372.50p -0.32% B&M European Value Retail S.A. (DI) (BME) 452.50p -0.42% GSK (GSK) 1,554.00p -0.54% Prudential (PRU) 640.40p -0.77% InterContinental Hotels Group (IHG) 7,300.00p -0.90% Pearson (PSON) 1,038.00p -1.10%

FTSE 100 - Fallers

Scottish Mortgage Inv Trust (SMT) 736.80p -9.39% Melrose Industries (MRO) 437.30p -9.39% Entain (ENT) 499.70p -7.39% Smurfit Westrock (DI) (SWR) 3,036.00p -6.87% Fresnillo (FRES) 534.00p -6.81% Pershing Square Holdings Ltd NPV (PSH) 3,350.00p -6.63% Rolls-Royce Holdings (RR.) 434.10p -6.42% Intertek Group (ITRK) 4,592.00p -5.98% Intermediate Capital Group (ICG) 1,862.00p -5.96% Vodafone Group (VOD) 68.30p -5.48%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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