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SMALL-CAP WINNERS & LOSERS: Pacific Horizon hit by Asia tech sell-off

Tue, 27th Jul 2021 11:18

(Alliance News) - 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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International Personal Finance PLC, up 4.9% at 141.60 pence, 12-month range 44.05p-147.58p. The Leeds, England-based home credit business says pretax profit in the first quarter ended March 31 jumps to GBP24.0 million from GBP8.4 million a year earlier. Revenue falls 31% year-on-year to GBP130.9 million from GBP196.7 million. It posts a GBP4.6 million impairment, down 92% from GBP60.9 million a year prior, helping to boost quarterly profit.

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On The Beach Group PLC, up 3.7% at 324.10 pence, 12-month range 200.50p-517.00p. The tour operator rises, alongside the wider travel and leisure sectors. Newly-reported UK Covid-19 cases dropped for the sixth day in a row. The UK recorded a further 24,950 lab-confirmed Covid-19 cases as of 9am on Monday, the government said, down from the 46,558 reported on July 20.

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SMALL-CAP - LOSERS

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Pacific Horizon Investment Trust PLC, down 5.9% at 760.32p, 12-month range 496.00p-918.00p. The Asia Pacific-focused investor's shares dropped, amid its exposure to the Chinese technology sector. Among its investments, Pacific Horizon holds a stake in e-commerce firm JD.com Inc, which dropped 9.4% in Hong Kong on Tuesday, which followed a 7.8% drop on Monday.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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