(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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EnQuest PLC, up 1.9% at 15.4 pence, 12-month range 13.9p-33.13p. The London-based oil and gas producer with assets in the UK and Malaysia's stock rises after Jefferies raises it to 'buy' from 'hold'. The US investment bank has a target price of 20p for the stock.
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SMALL-CAP - LOSERS
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MJ Gleeson PLC, down 1.2% at 378p, 12-month range 331p-560p. The housebuilder and land investor heads lower amid general weakness in the sector, as interest rates expectations continue to rise, putting pressure on the mortgage market. On Friday, the firm said that, in financial year to June 30, Gleeson Homes completes 1,723 homes sales, slowing year-on-year from 2,000 homes, which reflects the "downturn in the wider economy". Selling prices remained "resilient", however. It expects results for financial year to be in line with market expectations.
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By Elizabeth Winter, Alliance News senior markets reporter
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MJGleeson (GLE)
Enquest (ENQ)