The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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CAB Payments Holdings PLC, up 7.3% at 108.40 pence, 12-month range 46.10p-337.00p. Shares in the cross-border payments and foreign exchange firm are set to register an eighth-successive day of gains, as the stock continues to recover from a revenue growth warning that knocked 72% off its value in October. Shares are down more than two-thirds from its 335p initial public offering price. It floated in July.
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Capricorn Energy PLC, up 3.5% at 124.60 pence, 12-month range 115.49p-813.06p. The Egypt-focused upstream energy company tracks Brent crude oil higher. The North Sea benchmark was quoted at $82.63 a barrel on Tuesday morning, rising from $81.69 at the time of the London equities close on Monday. Brent ended 2023 just below $78 a barrel.
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SMALL-CAP - LOSERS
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Digital 9 Infrastructure PLC, down 3.3% at 17.40p, 12-month range 14.50p-87.90p. Shares in the investor in internet infrastructure are still reeling from an announcement that the sale of its stake in Verne Group will be delayed. On Thursday, it said that its investment manager Triple Point Management LLP was notified by the buyer that the Iceland antitrust authority decided to open a phase 2 investigation into the deal. In November, Digital 9 had announced the sale of its stake in Verne for up to $575 million. The disposal of the data group to funds managed by Ardian France SA comprised of $440 million in cash, split between $415 million payable on closure of the deal and deferred consideration of $25 million. Digital 9 shares tumbled 24% on Thursday, lost another 0.8% on Friday, before clawing back 2.4% on Monday.
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