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Sharewatch: Capital Rises On Positive Sentiment
Capital Radio was the sector’s biggest riser, up 6.40% in week on week analysis, following the broader surge in the market.
Elsewhere, Pearson fell 1.54% as investors considered its high US exposure in the light of continued weakness in the dollar.
Continued weakness in the dollar continues to undermine the market and is likely to come under more selling pressure in the weeks ahead. Analysts say the dollar’s decline could help rebalance the global economy and reduce the US current account deficit.
The closing prices of media company shares on Friday were:
