Gains were seen for the AIM All Share once more on Monday as markets globally cheered yet another retreat by the US over the potentially crippling trade war, notably this time with China. The index was up almost three points at 2.30pm, at 729.74.
- Belluscura +45%
- Tiger Royalties +29%
- ITM Power +17%
- Catenai -16%
- Verici DX -15%
Belluscura LON:BELL was leading the board at our early copy time today, up 45%. At the end of last week, the company launched a strategic review in a bid to strengthen its capital position in a move that knocked investor confidence. However the climb down in the US-China trade war has more than reversed the losses, with Belluscura’s oxygen generators being made in China and predominantly sold in the US.
Tiger Royalties LON:TIR was 29% higher. On Friday the company announced plans to invest £250k into TAO Strategies, building exposure to the decentralised AI space. Tiger’s stock rose on Friday but there appears to be a degree of run-on today, too.
ITM Power LON:ITM gets the notable mention after the company announced a contract win in the APAC region this morning. Few other details of the deal are public, but the market was enthused, with the stock up 17% as a result.
Catenai [LON:CTAI] was the biggest faller at copy time, off 16%. The company held an AGM today that included a series of capital changes and given the share price is already recovering from mid-session lows, it seems that the action here is largely adjusting for this combined with limited liquidity.
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Verici DX LON:VRCI was down 15% at 2.30pm. The company published a circular after the close on Friday regarding its plans to complete another fundraise on a non-pre-emptive basis, enabling it to extend the current cash runway.
