It may have been looking promising that the AIM Index could finish the day fractionally above water, but with Wall Street spooked by tariff fears and weakening consumer confidence, that was enough to knock sentiment in the latter part of the session. The All Share ended the day down by more than two points at 708.48.
- Proteome Sciences +20%
- UKRProduct +18%
- Staffline +14%
- ZOO Digital -16%
- Active Energy -15%
Proteome Sciences LON:PRM was the best performer on the day although gains were comparatively modest – at least for AIM – at 20%. The company announced a contract win at the end of last week, so whether this is a delayed reaction remains to be seen. Volumes were far from remarkable.
UKRProduct LON:UKR, the Ukrainian food producer, saw its shares move higher on Tuesday, but trade was very thin and the 18% gain was eclipsed by the spread. Whilst there’s an obvious potential upside here, it’s worth noting that even before the Russian invasion the company’s stock was trading around 6p, not all that far off today’s quote of 4p.
Staffline LON:STAF gets the notable mention, up 14% off the back of news that the company had disposed of a wholly owned subsidiary for £12m in cash. Up to £7.5m of that will be used to fund a share buyback.
ZOO Digital LON:ZOO was the biggest faller, closing off 16%. That’s extending the losses which kicked off in the wake of last week’s trading update where concerns over the timing of revenues and the longer term outlook were both seen as weighing.
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Active Energy LON:AEG was 15% lower, but there’s no news here. A small number of trades were booked in the latter part of the session and the closing spread was quoted as exceeding the day’s loss.
