NEW YORK - Shares of Alliance One International Inc. took the steepest midday loss on the Standard & Poor's SmallCap 600 Index at midday Tuesday after the tobacco grower and processor reported its fiscal 2008 results.
The S&P 600 Index--tracks stocks with a market capitalization between $300 million and $2 billion--gave up 3.13 points 361.80.
Small-cap companies make up about 3 percent of the total U.S. securities market, but are often cited as good investments due to their low valuations and potential to grow into big-cap stocks.
Alliance One International Inc. fell 45 cents, or 8.8 percent, to $4.66 despite swinging to a full-year profit of $16.9 million. The company's chief executive, Robert E. Harrison, said in a statement he saw global supply and demand tightening in the near term.
Shares of Fleetwood Enterprises Inc. tumbled 22 cents, or 8.4 percent, to $2.40 after touching an all-time low of $2.25 earlier in the session. The stock has been volatile since the RV maker reported a steep drop in fourth-quarter RV sales on Friday.
Shares of regional bank Guaranty Financial Group Inc. lost 41 cents, or 7.6 percent, to $4.96.
Among the gainers, Building Materials Holding Corp. jumped 11 cents, or 6.3 percent, to $1.88.
Thermal and filtration products maker Lydall Inc. gained 75 cents, or 6 percent, to $13.30.
Regional bank UCBH Holdings Inc. rose 12 cents, or 5.3 percent, to $2.37.

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Shares of some top computers companies were down at the close of trading: Apple Inc fell $1.86 or 1.1 percent, to $173.53.


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