23rd Jun 2023 10:06
(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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Superdry PLC, up 1.2% at 79.66 pence, 12-month range 74.9p-168p. The British clothing retailer's stock rises after data on Friday reveals UK retail sales volumess are holding up better than expected. The Office for National Statistics said retail sales fell 2.1% annually in May, easing from a downwardly revised fall of 3.4% in April. The market had been expecting a 2.6% fall for May, according to FXStreet-cited consensus. From the previous month, sales ticked up 0.3% in May, slowing from a 0.5% rise in April. However, the reading was better than market consensus, which had forecast a 0.2% decline.
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SMALL-CAP - LOSERS
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EnQuest PLC, down 4.2% at 14.30p, 12-month range 14.25p-33.13p. The London-based oil and gas producer with assets in the UK and Malaysia's stock falls as the price of Brent falls to USD72.95 per barre on Friday morning, from USD74.14 on Thursday. "Pressure on oil prices in recent weeks has been largely supply-driven. Now, oil markets are struggling against an even more hawkish monetary policy backdrop than anticipated, which could hurt demand," explains SPI Asset Management's Stephen Innes.
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By Elizabeth Winter, Alliance News senior markets reporter
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