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SHARE WATCH: Construction shares start week on the up

Construction shares enjoyed a good start to the week despite the FTSE 100 overall remaining flat.

The FTSE 350 Construction and Materials index was up 0.9 per cent this morning at 3,674 points while the FTSE 350 Support Services index remained steady at 2,848 points.

Ennstone continued its strong recovery run since the start of the year, gaining 133 per cent to 3.5 pence a share.

The aggregates firm announced today that it had sold its former natural stone works and redundant quarry in County Durham.

The house builders all enjoyed a good morning, led by Taylor Wimpey which gained 23.5 per cent.

Taylor Wimpey’s share price has now nearly trebled since Construction News exclusively revealed an email from Pete Redfern to his staff, just before Christmas.

Building materials firm Travis Perkins gained 6.2 per cent while Jarvis was up 8.5 per cent.

The FTSE 100 fell 0.6 per cent this morning to 4,423 points.

Further reading:

Ennstone sells County Durham site – click here

CN report sends Taylor Wimpey shares soaring – click here