Other defensive stocks
keeping the Footsie on an even keel were Rolls-Royce, ahead 81/4p at 2163/4p, Railtrack up 16p at 4481/1p, and Imperial Tobacco, 231/1p stronger at 6891/1p.
It was up 10.5p at 645p as investors attempted to seek refuge in defensive stocks
were not the only ones under pressure, however.
With little corporate news to ease the tension, investors flocked to defensive stocks
such as tobacco also seemed to gain from the nervous mood with Imperial Tobacco 7p higher at pounds 10.90 and BAT up 10p at 760p.
SUNDAY EXPRESS: In difficult times, it is best to invest in defensive stocks
. For this reason, buy shares in defence group Alvis at 86.5p since it enjoys strong relationships with the world's military buyers.
Drugs giant GlaxoSmithKline added to the push, closing 19p higher at pounds 16.52, as defensive stocks
gained from softness among their hi-tech counterparts.
In Europe, defensive stocks
such as utilities, insurers, food producers and pharmaceuticals, have strongly out-performed software, media and telecommunications shares.
" When Defensive Stocks
Are No Longer the Best Defense" by Nicholas Jasinski asks whether, with gains for defensive stocks
likeMicrosoft Corporation (NASDAQ: MSFT) having been so big, it might be time to do the unthinkable and buy some cyclical stocks.
Utilities and tobacco stocks British American Tobacco and Imperial Brands eked out gains as investors rushed Shell was hit by a drop in crude prices and ex-dividend trading to the so-called defensive stocks
. A warning from supermarket Asda that Brexit uncertainty was affecting its customers took down shares in Just Eat, Sainsbury's and Tesco.
Accenture (ACN) and DXC Technology (DXC) remain his top picks in the space, as he anticipates investor demand for quality, defensive stocks