(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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Lamprell, up 6.0% at 77.40 pence, 12-month range 7.02p-78.80p. The United Arab Emirates-based oil rig construction business has climbed roughly 15% so far this week on the back of rising oil prices. Brent oil hit USD60 a barrel for the first time in more than a year on Monday.
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Gem Diamonds, up 4.6% at 53.57 pence, 12-month range 23.00p-69.93p. Shares in the diamond miner have risen in the past four sessions, and it is currently trading at a year-to-date high. Gem owns the Letseng diamond mine in Lesotho. Gem sold 99,172 carats for a total of USD189.2 million in 2020, compared to 111,291 carats for USD182.1 million in 2019.
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SMALL-CAP - LOSERS
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Fuller, Smith & Turner, down 5.9% at 828.00p, 12-month range 486.00p-948.00p. The pub firm fell after Dutch beer maker Heineken said it plans to slash 8,000 jobs. Pub, restaurant and bar closures across the globe have sapped on-trade consumption of beer.
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Equiniti, down 4.4% at 143.40p, 12-month range 96.00p-225.80p. The stock gave back some of its sizeable gains from Tuesday. The financial administration outsourcer soared 30% on Tuesday after Sky News reported that Siris, a technology-focused private equity investor made a takeover approach. An Equiniti spokesperson at Tulchan Group declined to comment on the Sky story on Tuesday when contacted by Alliance News.
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On The Beach, down 3.5% at 321.50p, 12-month range 112.60p-441.74p. The travel firm shed a further 3.5% after losing 3.3% on Tuesday. Arriving travellers put in quarantine hotels will be charged GBP1,750 for their stay, UK Health Secretary Matt Hancock announced Tuesday. UK nationals or residents returning to England from 33 "red list" countries will be required to spend 10 days in a government-designated hotel.
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By Eric Cunha; ericcunha@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Gem Diamonds Di (GEMD)
Fuller Smith & Turner (FSTA)
On The Beach (OTB)