The return post-Easter break marked another day of gains for London’s AIM All Share index, adding close on three points to trade at 671.78 by the close.
- Catenai +188%
- Seeen +44%
- Hutchmed +12%
- Metals One -32%
- Oracle Power -23%
Catenai [LON:CTAI] was the day’s biggest gainer, up 188% at the bell. The company made a corporate update just ahead of the Easter weekend break and today’s gains seem to be an extension of that, amidst a planned sub-division of capital along with expanding its investment in AI play Alludium.
Seeen LON:SEEN was 44% higher, with some limited, late session buying driving the gains. There’s nothing new that seems attributable to the move, but optimism over AI technologies, especially those outside the US, is arguably rising right now.
Hutchmed LON:HCM gets the notable mention with the close on £2bn market cap company adding 12% today. That follows news this morning that it had completed enrolment of the registration phase of a Phase II trial for a cancer therapy.
Metals One [LON:MET1] was 32% down on the day. A corporate and strategic update published on Thursday failed to deliver any momentum, but closer inspection by the market may now be weighing on the valuation.
Oracle Power LON:ORCP was 23% lower, coming off the back of placing news this morning. That’s expanding the number of shares in issue by around 15%, but the low amount being raised will be taking a toll, too. Proceeds are to be used to progress existing developments and fund working capital.
