25th Nov 2024 10:22
(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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Liontrust Asset Management PLC, up 3.5% at 476.00 pence, 12-month range 410.00p-865.00p. Shares in the asset manager look set for a third-successive daily rise. It had surged 8.2% on Thursday and 1.8% on Friday. Shares are still down 13% over the past 12 months, however, and have slumped 44% since late-May. On Thursday, it said there were a "number of reasons" to assume the outlook for the asset management sector is improving. It also announced a GBP5 million share buyback.
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SMALL-CAP - LOSERS
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Dialight PLC, down 6.2% at 122.00p, 12-month range 115.00p-275.64p. The LED lighting company, which serves the industrial sector, says its pretax loss in the six months to September 30 widens to USD20.8 million from USD6.6 million a year prior. Revenue slips 0.8% to USD90.3 million from USD91.0 million. "The current state of the economies in which we operate provides a cautious outlook for capital expenditures across various sectors. High underlying inflation and ongoing labour shortages are major constraints, causing delays in project timelines and deferring investment decisions. The petrochemical industry, in particular, faces additional uncertainty due to fluctuating demand and unpredictable energy prices. There is added hesitation and increased uncertainty following the recent US election as businesses anticipate potential policy changes, further delaying capital commitments," Chief Executive Officer Steve Blair says.
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EnQuest PLC, down 2.3% at 11.80p, 12-month range 9.95p-17.82p. Shares in the oil and gas company, with operations in the UK and Malaysia, surrenders some ground after a 2.7% advance on Friday.
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By Eric Cunha, Alliance News news editor
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