Cite recurring bid talk in the former as reason the stock is higher, although an analyst points out that the stock has a high yield, which is also a supportive factor. Wolseley's weakness, on the other hand, can be attributed to its exposure to the US housing market, which is facing rising long rates, he adds. Pilkington +2.8% at 128p, Wolseley -2.5% at 1140p. (PBA)
UK materials stocks are in focus as share prices of both Pilkington (PILK.LN) and Wolseley (WOS) attract attention, say traders.
2005-08-10T13:00:00Materials In Focus On Stock Moves -Traders glassonweb.com