JPMorgan Mid Cap Investment Trust's net asset value rose by 19.0% in the six months to the end of December on a total return basis.

This compares with an 18.3% rise in its benchmark, FTSE 250 Index (excluding investment trusts).

The company's discount to its net asset value continued to narrow, resulting in a very strong return to shareholders of 30.5%. The company also benefited from being geared throughout the half year.

At 3:27pm: (LON:JMF) JPMorgan Mid Cap Investment Trust Plc share price was -5.75p at 793.75p