6th Feb 2026 10:43
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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Baker Steel Resources Trust Ltd, up 7.6% at 102.80 pence, 12-month range 105.00p-43.00p. The investor in mining companies says its net asset value at the end of January was 152.2 pence per share, up 12% from the last published NAV at the end of December. The firm says this is due to increases in the share prices of the listed portion of its portfolio amid strong commodity prices. "The parabolic rise in gold and silver prices could not continue forever and they are due a period of consolidation. We expect the precious metal prices to remain volatile in the short term but the recent pullback may present a window of opportunity for long-term investors seeking wealth protection to build positions," says Trevor Steel, chief investment officer of the investment manager Baker Steel Capital Managers.
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Tullow Oil PLC, up 6.1% at 7.82p, 12-month range 21.61p-3.51p. The oil and gas producer in Ghana and the Ivory Coast rises as the price of Brent climbs to USD68.01 on Friday morning from USD67.37 at the London market close on Thursday. On Wednesday, Jefferies raised its rating for Tullow Oil to 'hold' from 'underperform'.
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SMALL-CAP - LOSERS
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JPMorgan Global Core Real Assets Ltd, down 5.0% at 78.32p, 12-month range 88.20p-68.00p. The investor in infrastructure, transportation and real estate assets redeems 21.8 million shares, representing around 29% of issued share capital, at 94.06p each. The firm says the shares bought in the third redemption are to be cancelled.
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Aquila European Renewables PLC, down 4.6% at 23.00p, 12-month range 57.80p-21.90p. The firm which is currently in a managed wind-down, and previously invested in European renewable energy assets, says its net asset value at the end of 2025 is 56.7 cents per share, down from 58.6 cents at the end of September. The NAV total return in the fourth quarter is negative 2.2% and the firm recommends no dividend for the fourth quarter. It says it continues to progress asset realisations and intends to return capital to shareholders as proceeds are received. Completion of the sale of Desfina is expected around the end of February, with a further return of capital intended "promptly thereafter".
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By Michael Hennessey, Alliance News reporter
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Related Shares:
Baker SteelTullow OilAquila Euro.Aquila Euro.Jpmorgan Global