(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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Ten Entertainment Group PLC, up 6.5% at 277 pence, 12-month range 183p-307.28p. The ten-pin bowling operator recovers some lost ground, but remains down 5.8% over the past five days. It had slumped 10% on Friday alone. TEG last updated the market in July, where it said sales rose 3.2% on-year in the 26 weeks to July 2, or 1.6% on a like-for-like basis.
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SMALL-CAP - LOSERS
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MJ Gleeson PLC, down 1.3% at 366.05p, 12-month range 331p-522.64p. The housebuilder and land investor's shares fall amid a sell-off in the wider sector. Shares in housebuilders are under heavy selling pressure as Rightmove data points to the steepest monthly decline in UK house prices since 2018 in August. Sentiment towards the sector is taking a further hit following a profit warning from Crest Nicholson PLC, who expects its annual profit to be behind its previous expectations as well as the prior year. Crest cites worsening trading conditions in the sector, as economic uncertainty discourages prospective home movers.
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Ferro-Alloy Resources Ltd, down 21% at 8.50p, 12-month range 8.50-18.53p. Shares in the Kazakhstan-focused vanadium producer and developer hit a 12-month low, as warns that it has experienced further unanticipated supplier and transport delays, which has hit output in the first two months of the third quarter. Expects the concentrate supply delays and the continuing low vanadium prices to have a "material impact" on its third-quarter financial results. "The company believes that both the production and financial results for 2023 are still likely to be significantly better than those achieved during 2022 notwithstanding the concentrate supply issues incurred to date," it adds.
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By Elizabeth Winter, Alliance News senior markets reporter
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MJGleeson (GLE)