The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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Tullow Oil PLC, up 6.1% at 52.60 pence, 12-month range 28.27p-66.22p. Barclays lifts the West Africa-focused oil and gas producer to ’overweight’ from ’equal weight’. In addition, Barclays lifts its view of the wider exploration & production sector to ’neutral’ from ’negative’.
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EnQuest PLC, up 5.0% at 21.10 pence, 12-month range 12.28p-27.40p. The company, which operates in the UK North Sea and Malaysia, is cut by Barclays to ’equal weight’ from ’overweight’. However, the stock benefits from the investment bank’s more buoyant view of the sector. EnQuest had fallen 3.6% on Thursday.
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SMALL-CAP - LOSERS
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BATM Advanced Communications Ltd, down 4.2% at 50.20p, 12-month range 0.50p-52.90p. Shares in the networking technology and medical lab systems firm decline again. The stock had fallen 13% on Thursday. On Thursday, it expressed its disappointment at index provider FTSE Russell’s move to reassign BATM’s nationality to Israel from the UK. It means BATM will no longer be included in the FTSE UK Index Series. It will continue to be listed on the premium segment of the London Main Market, as well as on the Tel Aviv Stock Exchange.
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De La Rue PLC, down 4.3% at 119.60p, 12-month range 104.00p-214.94p. Shares in the security printed products maker have struggled to regain poise after a profit warning on January 24 saw its shares tumble 23% in just one session. Shares have fallen 26% over the past 12 months.
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