London’s AIM Index put in a solid performance on Thursday, with winning stocks outnumbering the fallers by around 4:3. The jumped at the open and extended those gains throughout the session, before closing 15 points higher at 1197.72.
- Netscientific up 35%
- 7Digital up 33%
- Remote Monitored Systems up 19%
- Clear Leisure down 24%
- Prime People down 21%
Netscientific charged higher today topping the board rising 35%. The move came off the back of a company in which it holds a 5.75% stake receiving support from the Brazilian government for the further development of a COVID vaccine, taking it to phase I & II trials. This is quite a bounce and allows Netscientific’s share price to return to recent highs.
7Digital hit the right note with investors after announcing that it had been selected by China’s leading social video platform – Kuaishou – to power its music apps worldwide. Shares closed up 33% as a result.
A notable mention for Remote Monitored Systems, who added 19% during the session. The antiviral mask manufacturer took a step forward in terms of distribution today, fuelling some renewed enthusiasm amongst investors. With the last update still suggesting there were glitches in the production process impacting capacity, some clarity here would likely be well received, too.
At the foot of the board, Clear Leisure is again on our radar. A two and a half month delay to a potentially lucrative Italian court hearing has been announced and whilst the company remains confident it will get a favourable outcome, the timeline has been extended accordingly. Shares fell 24% as a result.
Shares in microcap recruiter Prime People slumped 21% today, reversing gains from the start of the week. There’s no news behind this but trade was lumpy and the 10% quoted spread doesn’t help much, either.