The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
----------
SMALL-CAP - WINNERS
----------
Cellular Goods PLC, up 14% at 3.58 pence, 12-month range 2.50p-13.50p. The medical cannabis firm launches its two-city outdoor marketing campaign in the UK. Says the campaign will run over the next two months and feature advertisements to be displayed at more than 100 digital screens and high print billboards across prominent high street locations in London and Manchester. In addition, more than 20 digital screens will feature the advertisements at health and fitness destinations at David Lloyd and Harbour Clubs in London, it adds.
----------
SMALL-CAP - LOSERS
----------
abrdn China Investment Co Ltd, down 8.5% at 554.56p, 12-month range 550.00p-758.00p. JPMorgan China Growth & Income PLC, down 7.8% at 320.00p, 12-month 315.00p-730.00p. Shares in the China-focused investment trusts are lower after China placed Shenzhen into lockdown as it battles a flare-up of Covid-19 cases across the country. In China on Monday, the Shanghai Composite ended down 2.2%, while the Hang Seng index in Hong Kong finished down 5.0%. ‘Shenzhen going into lockdown could have negative effects beyond China’s economy. It is known as ’the world’s factory’ thanks to its concentration of electronics manufacturing. Any prolonged disruption to operations could cause yet another global supply chain crunch,’ says AJ Bell’s Russ Mould.
----------
Hostmore PLC, down 5.4% at 87.00p, 12-month range 68.06p-156.24p. The hospitality company posts narrowed annual loss despite the year being impacted by Covid-19 and the subsequent restrictions. In the year ended January 2, the Edinburgh-based company reports a narrowed pretax loss of £1.6 million in 2021, slimmed from a loss of £20.2 million the previous year. ‘Whilst we recognise the significance of the evolving impact that the Ukraine crisis may have on consumer demand and inflation, our stronger balance sheet and liquidity nevertheless place us in the enviable position of looking forward to the opportunities ahead,’ says Chief Executive Officer Robert Cook.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.
