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Eurasian Natural Resources (ENRC) £10.21

The metals producer has delivered one of the most consistent share price gains on the FTSE in the four months since its main market float. Apart from a small dip over a few days in January and March, the chart suggests this could be an ideal investment for momentum traders. On Friday the company completed the first acquisition outside its operating region of Kazakhstan, paying $210 million for a controlling stake in Serov, a ferrochrome producer in easter Russia. The shares are nearly double December’s IPO price of 540p. Eurasian Natural sells ferroalloys and ferrochrome to steel producers; and chrome and manganese ore to producers and the chemical industry. Last month it alluded to a possible merger with Kazakhmys (KAZ), one of Eurasian’s main shareholders.