2nd Jan 2026 11:15
(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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Seplat Energy PLC, up 4.1% at 295.75 pence, 12-month range 161.8p-309.5p. Maurel & Prom, also known as M&P, agrees to sell its entire 20.07% stake in Seplat Energy to Heirs Energies for USD496 million, with a further USD10 million potentially payable based on share-price performance. The deal covers 120.4 million shares at 305 pence each, with an initial USD248 million payable immediately and the remainder due within 30 days under an irrevocable letter of credit. M&P, a founding investor and Seplat's largest shareholder since 2010, says the exit allows it to refocus on direct oil and gas investments as it accelerates its growth strategy. M&P CEO Olivier de Langavant says the investment has delivered "very strong returns" and expresses confidence that Seplat will "continue to thrive" under Heirs Energies, part of Heirs Holdings.
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SMALL-CAP - LOSERS
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abrdn Property Income Trust Ltd, down 9.6% at 2.1375p, 12-month range 1.6p-7.03p. Shares in the Guernsey-registered UK real estate investor fall after UK house price growth cools more sharply than expected. Data from Nationwide show annual house price growth slows to 0.6% in December from 1.8% in November, the weakest pace since April 2024 and below the FXStreet consensus of 1.2%. On a monthly basis, house prices fall 0.4%, reversing a 0.3% rise in November and undershooting expectations for a 0.1% increase.
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Abrdn PropertySeplat Energy