(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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AVI Japan Opportunity Trust PLC, up 4.0% at 112.28 pence, 12-month range 103.00p-129.00p. The investor tracks Japanese equities higher. It invests in small-cap Japanese equities. The Nikkei 400 added 1.8% on Monday. The Nikkei 225 climbed 2.4%.
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Gulf Marine Services PLC, up 2.0% at 12.83 pence, 12-month range 4.19p-13.45p. The provider of self-propelled and self-elevating support vessels, to customers in the oil, gas, and renewables sectors, lifted its annual outlook. It now expects earnings before interest, tax, depreciation and amortisation in the range of USD83 million to USD86 million for 2023, lifted from its previous USD77 million to USD85 million outlook. "Given significant improvement in backlog visibility and market outlook evidenced in the recently announced contract awards, alongside future opportunities we're bidding for, we are confident to increase our market guidance for 2023 and to provide an even higher initial guidance for 2024," it said. For 2024, it predicts an Ebitda in the range of USD87 million to USD95 million.
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SMALL-CAP - LOSERS
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Molten Ventures PLC, down 3.6% at 251.50p, 12-month range 201.00p-484.80p. The tech-focused investor returns some gains after posting successive rises at the end of last week.
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By Eric Cunha, Alliance News news editor
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Avi Japan Oppo. (AJOT)
Molten Ventures (MVCT)