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ArcSight, Steinway Musical Instruments and PHI lead small-cap percentage gainers

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ArcSight Inc. (Nasdaq:ARST), Steinway Musical Instruments Inc. (Nasdaq:LVB) and PHI Inc. (Nasdaq:PHIIK) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Clearwater Paper Corp. (Nasdaq:CLW), ExlService Holdings Inc. (Nasdaq:EXLS), Rex Stores Corp. (Nasdaq:RSC), Nymagic Inc. (Nasdaq:NYM), Universal American Corp. (Nasdaq:UAM) and Vocus Inc. (Nasdaq:VOCS).

Here are the biggest percentage gainers among small caps: