Downing Strategic Micro-Cap Investment Trust net assets fall on market correction
Source - SMW
Downing Strategic Micro-Cap Investment Trust reported Friday a fall in first-half net assets as micro-cap shares in its portfolio were rocked by a jittery global market.
For the six months to 31 August, net assets fell 5.40% to £48.95m, and its shares were down by 3.3% at 90.5p.
The company said October's market correction should not be viewed as a 'catastrophic' event. A correction, or a 'reset' was needed from time to time, it added.
At 8:01am: (LON:DSM) Downing Strategic Microcap Investment Trust Plc Red Ord Gbp0.001 share price was 0p at 82p