The FTSE-100’s test of fresh all-time highs may be generating a degree of caution amongst investors, but any such reservations have been sidelined for the AIM All Share with the index making a strong start and still trading almost five points higher at 791.15 by 2pm.
- Sabien Technology +140%
- Gunsynd +19%
- Bezant Resources +14%
- UK Oil & Gas -34%
- Oracle Power -26%
Sabien Technology LON:SNT was the biggest riser, up 140% by 2pm. The company published a number of commercial updates which have clearly been well received.
Gunsynd LON:GUN was in second place, up a comparatively modest 19%. The stock made some short lived gains at the start of the week off the back of project and investee company updates but these proved difficult to sustain. However investors appear to be having another go, in tur extending the run of gains that started at the end of August.
Bezant Resources LON:BZT was 14% higher at copy time to take the notable mention. That coincides with confirmation that the company has sold down its holding in Blackstone Minerals, whilst an existing major shareholder also added to his stake.
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UK Oil & Gas LON:UKOG was the biggest faller, down 34% at 2pm but that comes off the back of yesterday’s bumper gains and news that a discounted funding round of £3m was conducted last night. Whilst the sell-off slightly exceeds the discount, there has evidently been little appetite to book profits after the recent return to trade.
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Oracle Power LON:ORCP was 26% lower with the stock continuing to hand back those recent gains. An exercise of warrants was announced today but this was modest in size and is unlikely to explain the full impact.
