Shares in Scottish companies listed on the Alternative Investment Market fell 13.84% last year, comparing well against other AIM- listed companies in the UK.
Accountants and business advisers BDO LLP reported that the market capitalisation of Scotland’s 27 AIM-listed companies fell by £243m last year from £1,758.96m to £1,515.42m.
The reduction was less than the 17.22% fall in the AIM Allshare market; 20.44% down for the AIM UK 100; and 24.48% down for the AIM UK 50.
The AIM is a sub-market of the London Stock Exchange for smaller growing companies.
The highest-valued firm was business support services firm Smart Metering, which had an end-of-year market cap of £329.86m, representing 22% of all Scottish AIM-listed firms.
Software firm Iomart was next highest at £186.35m.
The greatest percentage increase of the year was at Scotgold, whose market capitalisation increased by 157.6% to £4.74m.
Real Estate business Caledonian Trust saw its market cap increase by 85.8% over the year to £14.68m.
Goals Soccer Centres was third with a 38.8% rise to £128.34m.
The largest faller was dating website company Cupid, whose shares fell 70.8% to £12.81m.