SMALLER companies were the focus of bargain-hunting yesterday as investors picked up bombed-out stocks from the market slide. H shares saw an increase in activity on the back of the listing of Chengdu Telecom. Goldtron finally bounced back, coming off yesterday's 36-cent low since coming back on the trading board last month. The stock was the best performer of the day, rising 25 per cent to 45 cents, on a turnover of $3,813. Construction firm B+B Asia saw a second day of gains, having come off on concerns about losses in local contracting work. The second-best performer of the day, the share rose 17 cents or 16 per cent on $823,660 of turnover. There was buying in a clutch of laggard stocks yesterday. Chevalier International rose 13 cents, or 12.5 per cent, to $1.17 on a turnover of $979,220 and stablemate Chevalier Development was up 15 cents, or 11.28 per cent, to $1.48 on a turnover of $1.5 million. Companies in the Y S Lo stable saw rises yesterday with Paliburg International up 32.5 cents, or 11 per cent, on to $3.30 on a turnover of $5.24 million and Century City rose 16 cents, or almost 10 per cent, to $1.80 on a turnover of $4.2 million. First Pacific was up a significant 47.5 cents, or more than 10 per cent, to $5.15. H-share companies in the volume rankings included Shanghai Petrochemical, the fourth-most active stock of the day in share volume rising seven cents, or about four per cent, to $1.94 on 11.64 million shares. Maanshan Iron and Steel saw 9.8 million shares traded, rising two cents to $1.55 and Shanghai Haixing Shipping was up 11 cents, or 11 per cent, to $1.30 on 9.7 million shares. A controversial group yesterday was Emperor. Group stocks fell on news that Albert Yeung Sau-shing appeared in Western Court charged with criminal intimidation and false imprisonment. Emperor IHL fell 17.5 cents, or 6.5 per cent, to $2.50 on a turnover of $4.2 million. Emperor China fell 14 cents, or 11 per cent, to $1.09 on a turnover of $365,400. Sun Hung Kai Industries rose six cents, or five per cent, to $1.18. Laggard buying is expected to continue today in the absence of a major upset from sentiment changes on Wall Street overnight.