The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
----------
SMALL-CAP - WINNERS
----------
Tullow Oil PLC, up 3.5% at 25.90 pence, 12-month range 21.04p-40.32p. Shares in the Africa-focused oil and gas company rise, tracking Brent higher. A barrel of Brent traded at $77.58 around 1020 BST on Wednesday morning, recovering after sitting below the $77 mark on Tuesday. A new batch of China stimulus did not materialise on Tuesday, contrary to what the market expected, leading to oil demand worry.
----------
XP Power Ltd, up 1.2% at 1,386.48p, 12-month range 769.00p-1,758.00p. Shares extend gains after a 1.0% advance on Tuesday. The Singapore-based maker of power control systems said Tuesday revenue fell 20% to £60.2 million in the third quarter of 2024 from £75.1 million a year ago. However, order intake rose 9.2% to £48.8 million from £44.7 million, and was up 11% on a constant currency basis. This was the first quarter of growth since late 2022, XP Power noted.
----------
SMALL-CAP - LOSERS
----------
Baillie Gifford China Growth Trust PLC, down 4.9% at 228.22p, 12-month range 175.00p-255.70p. China-focused investors continued to slide. The Shanghai Composite shed 6.6% on Wednesday, as a lack of stimulus hit investor confidence.
----------
Copyright 2024 Alliance News Ltd. All Rights Reserved.
