Source - Alliance News

The following stocks are the leading risers and fallers among London Main Market small-caps in London on Tuesday.

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SMALL-CAP - WINNERS

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JPMorgan China Growth & Income PLC, up 7.5% at 267.77 pence, 12-month range 239.5p-589p. The China-focused investor rises from recent lows as markets in Asia rally, with Hong Kong’s Hang Seng index closing up 5.2%. The rally was fuelled by speculation in China arising from unverified social media posts that a committee is being formed by Chinese policymakers to strategise on how to exit its zero-Covid policy. However, Bloomberg reported that Chinese Foreign Ministry spokesman Zhao Lijian said he is ‘not aware’ of such a committee. Fellow smallcap Asia-focused investors Invesco Asia Trust PLC and Baillie Gifford China Growth Trust PLC add 5.7% each, and Schroder Asian Total Return Investment Company PLC rises 3.2%.

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SMALL-CAP - LOSERS

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Funding Circle Holdings PLC, down 1.5% at 48.1p, 12-month range 29.68p-166.8p. Shares in the commercial lender edge lower as Goldman Sachs cuts the target price of the stock to 66p from 160p. Goldman keeps it at a ’neutral’ rating.

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Related Charts

Jpmorgan China Growth & Income PLC (JCGI)

+0.18p (+0.08%)
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Baillie Gifford China Growth Trust PLC (BGCG)

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Invesco Asia Trust PLC (IAT)

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Funding Circle Holdings PLC (FCH)

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