(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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Tullow Oil, up 6.1% at 32.92 pence, 12-month range 7.17p-46.15p. Premier Oil, up 6.4% at 21.82p, 12-month range 10.02p-109p. EnQuest, up 2.7% at 14.39p, up 6.4% at 21.82p, 12-month range 7.07p-27.04p. The oil stocks are tracking spot oil prices higher, quoted at USD63.20 a barrel Monday morning from USD61.53 late Friday, trading at fresh 13-month highs. "Oil prices climbed in Asia as Texas oil operators warned of 'freeze-ins' due to arctic vortex type conditions that could reduce Permian Basin oil flow to a trickle," says Axi's Stephen Innes.
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Marston's, up 7.7% at 94.25p, 12-month range 18.4p-108.75p. Restaurant Group, up 6.5% at 92.90p, 12-month range 20.26p-136.30p. Pub and restaurant operators are rallying over hopes for a return to normality in the UK. "Both scientists and politicians alike has expressed optimism that this could be the final lockdown, with value stocks understandably gaining traction at the prospect of an economic reopening in the coming months. Thus it comes as no surprise to see the FTSE gains headed up by stocks in heavily-hit sectors such as travel, pubs, banks, restaurants groups, and hotels," note analysts at IG Group.
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GoCo, up 4.4% at 132.80p, 12-month range 42.8p-135.20p. Shares in the price comparison site were higher following Liberum's downgrade of midcap peer Moneysupermarket. The broker thinks regulatory scrutiny and competitive pressures do not bode well for Moneysupermarket. Moneysupermarket shares are off 1.7%.
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SMALL-CAP - LOSERS
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City of London Investment Group, down 5.4% at 526.00p, 12-month range 264p-556p. Shares fall despite saying profit increased in the first half of its current financial year.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Tullow Oil (TLW)
City Lon Inv (CLIG)
Enquest (ENQ)
Moneysupermarket.Com (MONY)
Marstons (MARS)