Sector movers: Miners move higher

Miners are on the rise amid strong buying and selling activity in the sector. Xstrata has received formal notification from its major shareholder Glencore that it intends to exercise its option to acquire the Prodeco coking coal operations in Colombia. Hochschild Mining's executive chairman Eduardo Hochschild has bought the precious metal miner's 36.9% stake in Zincore Metals for C$10.3m. Higher metals prices also lift the sector. Henderson Morley leads the pharmaceuticals and biotechnology sector lower. The Aim quoted biotechnology company, announced that it has raised £444,597 before expenses, via a placing. Top performing sectors so far today Mining 23,032.07 +2.61% Banks 5,075.57 +2.52% Technology Hardware & Equipment 416.80 +2.37% Personal Goods 11,763.66 +2.23% Automobiles & Parts 2,831.40 +2.19% Bottom performing sectors so far today Pharmaceuticals & Biotechnology 8,757.49 -0.80% Gas, Water & Multiutilities 4,185.39 -0.74% Mobile Telecommunications 3,399.85 -0.52% Electricity 6,503.28 -0.39% Tobacco 27,950.43 -0.19%