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Big caps outshine smaller stocks early on

Published: 10:03 26 Apr 2016 BST

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Big caps outshone small caps in early deals, with small cap  miners again in focus.

FTSE100  was up over 28 at 6,289, while FTSE AIM 100 lost 0.07% to 3,462 and the FTSE AIM All share was practically flat at 731.770.

Among top ten risers was Greatland Gold (LON:GGP), which added over 31% to 0.32p each as the director Paul Johnson bought over 2.2mln shares in the firm  at an average price of 0.24p.

Also continuing the good run was Strategic Minerals (LON:AML), which was up 30.36% to 0.37p riding the wave of higher iron ore prices and a potential start of drilling at the Hanns Camp nickel/copper prospect in Australia.

Eurasia Mining plc (LON:EUA) added  3.45% to 0.725p as it has had the Russian equivalent of a pre-feasibility study for its Semenovsky gold tailings project (STP) in Bashkiria, Russia approved by the local mines department.

Eurasia, which is partnered on the project by resources investor Metal Tiger (LON:MTR), has started metallurgical work with five holes drilled in to the tailings dam and  samples being prepared for analysis.

Elsewhere, Mirada PLC (LON:MIRA), the digital television software provider, also sparked over 11% higher at 4.88p as it inked what it called two value added agreements with resellers in India and Latin America to  expand Mirada's presence into Asia and the Pacific region.

On the flip side, portable hotel group Snoozebox (LON:ZZZ) fell almost 60% to 0.45p as its declined continued after the resignation of chief executive Lorcán Ó’Murchu.

On the Footsie front, oil giant BP advanced 3.45% to 372.80p, despite a dip in profits. The company said weak supply growth should start to underpin crude prices by the end of the year.

Miners made up the list of biggest laggards on the blue chip board, with Glencore (LON:GLEN) the biggest loser, down 1.74% to 152.30p.

Early snapshot

Good receptions to trading updates from Whitbread plc (LON:WTB) and BP PLC (LON:BP) gave the FTSE 100 an early boost.

Coffee Costa and Premier Inn outfit Whitbread saw its share price perk up, rising 3.5% to 4,004p, as it hiked the full-year dividend 10% on the back of a 5.8% increase in profit before tax.

Integrated oil giant BP advanced 3.3% to 372.2p, despite a dip in profits. The company said weak supply growth should start to underpin crude prices by the end of the year.

Weak miners tempered the top-share index's advance, however, and at 8.35am the index was up 32 points (0.5%) at 6,292.

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