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FTSE 250 movers: Ceres Power rally continues as Chrysalis Investments drops

(Sharecast News) - The meteoric rise in Ceres Power continued on Tuesday, with the stock topping the risers list on the FTSE 250, while Chrysalis Investments disappointed with a quarterly update. The ongoing rally in Ceres Power's share price showed no signs of abating as hype about the AI boom continues to fuel the demand outlook for its solid oxide tech, which is used in data centres.

The stock has now soared 250% since the start of the year, and was up 18% on the day despite the recent news that boss Phil Caldwell offloaded nearly £3m in shares last week. On 30 April, Caldwell had exercised options on nearly 360,000 shares at 10p each and had subsequently sold those and roughly 100,000 more at 6,219p each for £2.8m.

Others in the tech sector were also on the rise on the FTSE 250, including cyber outfit NCC Group and home computing firm Raspberry Pi.

Chrysalis Investments shares slumped 8% as it reported a drop in first-quarter net asset value, pointing to write-downs for Starling and Klarna. The company also said it was transitioning to a self-managed model, designed to ensure it continues to exercise "robust" portfolio management and oversight of its assets.

Budget carrier Wizz Air was lower despite the news that passenger numbers were up a 21.9% year-on-year in April, with the Hungarian airline carrying 6.63m people last month.

Meanwhile, investors gave a muted reaction to an update from Plus500, which said it remains confident in its outlook for FY26 following a better-than-expected performance in the first quarter.

Market Movers

FTSE 100 (UKX) 10,195.24 -1.63% FTSE 250 (MCX) 22,356.86 -0.78% techMARK (TASX) 5,872.45 0.15%

FTSE 250 - Risers

Ceres Power Holdings (CWR) 754.00p 18.37% NCC Group (NCC) 140.20p 9.02% AEP Plantations (AEP) 1,878.00p 5.51% Raspberry PI Holdings (RPI) 673.25p 3.60% Aston Martin Lagonda Global Holdings (AML) 42.60p 3.00% Schroder Asian Total Return Investment Company (ATR) 639.00p 2.89% Schroder Oriental Income Fund Ltd. (SOI) 410.00p 2.89% Templeton Emerging Markets Inv Trust (TEM) 292.00p 2.82% Moonpig Group (MOON) 214.40p 2.49% Partners Group Private Equity Limited. (EUR) (PEY) 8.54p 2.40%

FTSE 250 - Fallers

Chrysalis Investments Limited NPV (CHRY) 80.20p -8.11% Shawbrook Group (SHAW) 311.50p -5.32% WH Smith (SMWH) 487.20p -5.19% Bluefield Solar Income Fund Limited (BSIF) 80.00p -4.53% SSP Group (SSPG) 148.30p -4.45% Oxford Nanopore Technologies (ONT) 112.80p -4.33% Hochschild Mining (HOC) 589.00p -4.29% Genuit Group (GEN) 243.00p -4.03% THG (THG) 29.70p -3.76% Carnival (CCL) 1,898.50p -3.72%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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