The AIM Index has managed to comprehensive outperform London’s FTSE100 benchmark during today’s session, finishing the day more than four points higher at 863.25.
- CPP Group +44%
- Fireangel Safety +24%
- Norman Broadbent +21%
- Argos Resources -22%
- Plexus Holdings -19%
CPP Group [LON:CPP] was the day’s biggest riser, advancing 44% on the day. The company this afternoon issued a speeding ticket, stating it had no knowledge as to why the share price had jumped higher, but this appears to be an overhang from last week’s positive update. Monday saw a meaningful uplift in volumes and this has continued.
Fireangel Safety [LON:FA.] was in second place, adding 24% by the bell. A trading update this morning highlighted heavy demand, supported by a tailwind of legislation. The board added that 2023 should bring significant revenue increases and an enhanced gross margin.
Norman Broadbent [LON:NBB] gets the notable mention, again helped along by a trading update. Group fee income rose 29%, there’s good momentum and management expect to triple EBITDA by 2025.
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Argos Resources [LON:ARG] was the worst performer, off some 22% at the close. This is however a minnow of a stock with a £2m market cap and it has only seen a handful of trades during the session.
Plexus Holdings [LON:POS] also struggled, shedding 19% on the day. The stock saw meaningful gains heading into the weekend break, but with no news to help consolidate these, the upside is proving difficult to sustain.