23rd Oct 2023 09:47
(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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Tirupati Graphite PLC, up 24% at 17.31 pence, 12-month range 12.33p-46.00p. The natural flake graphite producer notes the recent decision by the Chinese government to impose export controls on Graphite from December 1. The Chinese government said the decision would "safeguard national security interests." Tirupati expects the combination of increasing demand and supply shortfalls, alongside China's export restrictions, to have a positive impact on Graphite prices which have fallen since the start of 2023. "The implications of China's export restrictions are positive for Tirupati both in terms of the likely impact on prices, and on the long-term demand for our product given our position as one of the few Graphite producers outside of China," said Chair Shishir Poddar.
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SMALL-CAP - LOSERS
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Synthomer PLC, down 2.5% at 174.50p, 12-month range 14.44p-301.37p. Stocks fall in the speciality chemical products maker, as UBS cuts it to 'neutral' from 'buy'.
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By Sophie Rose, Alliance News reporter
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Tirupati GraphiteSynthomer