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Market Watch


WITH the results season about to kick off, traders are beginning to shuffle their portfolios and Wilson Connolly again benefited as investors gambled in anticipation of better fullyear figures from the house builder this week.

Tolent is also about to report its annual results and last week retail investors bought into the contractor, which is quoted on the Alternative Investment Market, on rumours of good results.

Tricorn, another small AIMlisted firm, took a pounding with the stock off a fifth as shares hit a fresh low of 6p - down from 38.5p last spring - and left it with a market capitalisation of just £1.5 million.

Droves of investors also checked out of support services firm Serco ahead of the firm's results this week and sent the shares to a 12-month low of 115p.

Wigmore, the support services company that owns fitout contractor Speymill, also hit a new low as broker Hoodless Brennan bought and sold a 6.6 per cent stake in the firm within the space of three days.

The heaviest trading was in materials outfit Aggregate Industries, where more than 27 million shares were shifted after a recent upgrade to 'buy' from 'market performer' by investment bank JP Morgan.

The week's biggest risers were utility-to-construction group AWG and support services firm Atkins, which are both being circled by corporate raiders looking to take the two companies off the stock exchange.