London’s AIM Index has managed to find a modest degree of support today, but the key point many are waiting for is that rate hike news from the Federal Reserve. The index has spent the vast majority of the day in positive territory and reached the bell just over three and a half points higher at 918.64.
- DP Poland +17%
- Wandisco +16%
- Empyrean Energy -14%
- Xeros Technologies -16%
- Firering Strategic Minerals -13%
DP Poland LON:DPP was at the top of the board at 4.30pm, up some 17%. The company published full year results this morning, giving the market the opportunity to reflect on the outcome of a recent merger and this evidently received a positive response.
Wandisco LON:WAND added 16%, again with the release of FY21 results helping bolster sentiment here. The company noted some solid contract wins and management have confidence that it will be able to continue increasing revenues and bookings for FY22.
A notable mention for Empyrean Energy LON:EME which was amongst the day’s worst performers, although it was admittedly a tight knit pack. Shares here fell 14% – we flagged an unexpected jump in the stock last week and this now as good as fully reverses those gains. No news and in unremarkable volume of trades.
Xeros Technologies LON:XSG found itself at the bottom of the pile, sitting some 16% lower at the close. The stock saw an exuberant reaction yesterday in response to a licensing agreement being signed so this is arguably nothing more than some opportunistic profit taking.
Firering Strategic Minerals LON:FRG also languished through the session, sitting some 13% lower at the bell. Volumes were certainly exaggerated but there’s no formal news out from the £6m market cap company. What is perhaps most remarkable is the comparatively tight spread, underlining the fact that there’s no shortage of buyers as the company – which only IPO’d last November – continues to slide.
