After a shaky start, the AIM All Share managed to find some support through the session, but despite the update on US tariffs, it wasn’t the bumper recovery that may have been hoped for. The index closed just over half a point up at 712.7.
- Staffline +29%
- Vast Resources +24%
- Orosur Mining +20%
- Surface Transforms -23%
- Mothercare -20%
Staffline LON:STAF topped the board, up 29% on the day following a trading update. Underlying profits exceeded market expectations and market share gains are clearly delivering confidence when it comes to the longer term outlook, although management acknowledge there may be issues in terms of macroeconomic woes for the remainder of the trading year.
Vast Resources LON:VAST was in second place, up 24% on the day. Shares came off quite notably ahead of last week’s interim results but these were arguably a mixed bag and could have been worse. Today’s gains could well be recognition of that after any overhang had been cleared out.
- AIM Market Roundup: Marechale, Oxford Biodynamics, SDX Energy
- Small Cap Stocks: Orosur Mining, Ethernity Networks, Coro Energy
Orosur Mining [LON:OMI] was 20% higher after the company updated the market with more assay results from Colombia. These figures continue to impress.
Surface Transforms LON:SCE was the biggest faller, off 24%. A financing, trading and operational update was issued today, which illustrated the cash constrained position of the company. Although there was optimism that moves could be made to accelerate receipt of payables, there’s clearly concern here.
- AIM Market Roundup: Surface Transforms, AFC Energy, Empyrean Energy
- Small Cap Stocks: Surface Transforms, Orcadian Energy, Tan Delta
Mothercare LON:MTC was in second to last place, down 20%. There’s no news here and trade was thin – this essentially just reverses yesterday’s gains for the stock.
