There’s a global air of tension building now over the potential of that AI bubble bursting and UK equities are getting drawn into the shadow. Whilst the AIM All Share is outperforming other European markets, it’s still a gloomy outlook with the index heading into the close down just over 10 points at 733.91.
- Genedrive +19%
- Image Scan +16%
- Kodal Minerals +14%
- Empyrean Energy -41%
- Indus Gas -19%
Genedrive LON:GDR was 19% higher approaching the bell. There’s no formal news here, but a similar run higher was seen a few weeks back in response to stake building by an existing significant shareholder. Volumes have certainly been elevated on the day.
- AIM Market Roundup: Genedrive, Idox, Diales
- AIM Market Roundup: Proteome Sciences, TAP Global, Various Eateries
Image Scan LON:IGE was in second place, trading 16% higher at copy time. The company announced a contract win this morning with an Indian partner for its ThreatScan LS1 system. Details are scant beyond the fact that the order was for a double digit number of units.
Kodal Minerals LON:KOD gets the notable mention, up 14% after publishing an updated investor presentation. This extends the gains seen on Monday although it’s worth noting that with the spread running at around 10% the move isn’t too much beyond that.
Empyrean Energy LON:EME traded down 41% on the day. The last couple of weeks have been something of a rollercoaster for the stock, adding more than 100% in response to an expected positive outcome relating to a multi-party transaction. That has now been overshadowed by a complex payment dispute, rattling the stock – but it still trades up around 50% since the start of the month.
- AIM Market Roundup: WH Ireland, Empyrean Energy, Fusion Antibodies
- AIM Market Roundup: Quantum Blockchain, Empyrean Energy, Volex
Indus Gas LON:INDI was 19% lower. There’s no news here, but this essentially completes the reversion of last week’s equally unsubstantiated rally.
Comments (0)