London stocks got off to a mildly negative start with slides in the prices of crude oil and gold impacting the shares of big-ticket mining and oil outfits.
Soon after the open, FTSE 100 was down 12.3 points, or 0.18%, to 6782.41. FTSE 250 was down 29.13, or 0.17%, to 17,571.8.
At 8.42am, WTI crude was down 1.7% to $44.65/bbl and Brent was down 1.38% to $45.85/bbl. Gold fell 0.99% to $1204.9/bbl.
The market has been looking to an Opec meeting later this month where it is hoped the cartel will cap oil output amid the global supply glut.
Randgold Resources (RRS) flopped 7.11% to 5652.5p as it and Newcrest inked a heads of agreement to establish a JV in Cote d'Ivoire. Fellow gold-sensitive miner Fresnillo (FRES) fell 5.42% to 1309p.
Other metals burrowers southbound included Antofagasta (ANTO), off 3.78% to 661.5p, and Anglo American (AAL), off 3.48% to 1087.25p.
Among the oil titans, Shell (RDSA) eased 1.42% to 1964.75p, while BP (BP.) faded 0.87% to 443.33p.
Blue-chip losers outnumbered winners about 64 to 36. Other sectors lower included US rate-touchy utilities as the market continues to price in a US interest rate hike in December.
Commercial property, high-street retail, insurers and multiple pharmas also headed lower, but to the upside it was supermarkets and leisure in focus.
CPPGroup (CPP), up 45.66% to 7.88p, expects underlying operating profit for the full year ended 31 December to be materially ahead of the forecasts detailed in the interim results.
Cape (CIU) fell 15.05% to 159.5p as it said trading in the period July 4 to Oct. 30 was in line with expectations. It sees FY results slightly ahead of views, but noted challenging market conditions.
Strategic Minerals (SML), up 11.76% to 0.48p, said directors are pleased by the performance of the company over the September quarter.
Sirius Petroleum (SRSP), up 10% to 0.55p, has entered another important contract for the provision of Well Engineering and Operations Management with Add Energy Group.
Electrocomponents (ECM), up 7.82% to 398.95p, reports strong revenue and profit growth in the six months to the end of September driven by its performance improvement plan.
GCP Infrastructure (GCP), down 4.6% to 126.4p, is seeking to raise about £60m gross via a placing of new shares at 123.50p each, a discount of 9p to last night's closing market price.
Jimmy Choo (CHOO), up 2.52% to 132p, sees revenue growth despite the difficult climate for the luxury industry. It said this has been driven both by new store openings and by improving retail trading in all regions in the second half, with continuing strength in China.
Alpha Real Trust (ARTL), up 3.89% to 93.5p, said its net asset value per share rose to 151.9p at end-September, up from 137.9p at 31 March.
W Resources (WRES), up 3.06% to 0.51p, announces initial results of the first hole from the 1500m diamond core drilling campaign that commenced in mid-September at the Sao Martinho Gold Deposit in Portugal.
ITM Power (ITM), up 1.69% to 22.88p, has been granted full planning permission from South Bucks District Council to construct a hydrogen refuelling station (HRS) at the Shell Filling Station in Beaconsfield.
Fuller, Smith & Turner (FSTA), up 0.51% to 995p, reports H1 adjusted EPS rose 6% to 32.44p, from 30.74p, and adjusted profit before tax was pp 6% at £22.8m. Revenue rose 11% to £197.6m. The interim dividend is up 5% at 7.25p per share.
Other stocks in the news included Parkmead Group (PMG), President Energy (PPG), Greencoat UK Wind (UKW), Grafton Group (GFTU), Botswana Diamonds (BOD), JSC Halyk Bank (HSBK), Personal Assets Trust (PNL), Venn Life Sciences (VENN), Agriterra (AGTA) and Bupa (BUPF).