8th Jan 2024 09:34
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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CMC Markets PLC, up 25% at 138 pence, 12-month range 87.6p-254p. The online trading platform company says it saw a strong performance in the third quarter of its financial year. "This was driven by an improvement in market conditions led by an increased contribution from the B2B and institutional business with the group benefiting from the long-term investments in this area," CMC Markets explains. It now expects annual net operating income between GBP290 to GBP310 million compared to its previous guidance range of GBP250 to GBP280 million. This will be up from GBP288.4 million in financial 2023. The financial year for CMC ends on March 31.
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SMALL-CAP - LOSERS
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Superdry PLC, down 3.0% at 30.25p, 12-month range 28.1p-168.00p. Shares in the clothing retailer fall, as Royal Bank of Canada cuts the stock's price target to 40p from 75p previously. RBC maintains its 'sector perform' rating.
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By Elizabeth Winter, Alliance News deputy news editor
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Related Shares:
SDRY.LCMC Markets