Dovish undertones from the Bank of England have been sufficient to bolster UK equities across the board, with AIM stocks enjoying at least some support here, too. The All Share ultimately finished the day a fraction of a point up at 773.99.
- Gunsynd +30%
- Pennant International +15%
- Galantas Gold +11%
- Metals One -33%
- Wishbone Group -33%
Gunsynd LON:GUN was 30% higher at the close. Significantly elevated volumes were reported during the day but the closing spread was well into double figures. There’s no news although with sector peers having fared well of late, this appears to be lending support.
Pennant International LON:PEN was 15% higher following this morning’s announcement of a global distribution partnership agreement having been struck with Siemens.
Galantas Gold [LON:GAL] was 11% higher. The sector in general is finding support right now but this is a thinly traded stock and the move is well within the day’s spread.
Metals One [LON:MET1] was the biggest faller, off 33% with gradual declines across the day that failed to be supported by news that it had completed a SPA to acquire a project in central Norway. However the news was accompanied by detail of a warrant being exercised.
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Wishbone Group LON:WSBN was down 33%. The share price has seen solid gains since the start of the month so today’s move may well be simple profit taking. The closing spread was tight and volumes, whilst high, were off recent levels.
