Cheered by last night’s dovish Fed policy statement – and shrugging off the BoE rate hike – the AIM index has advanced more than 14 points on the day to reach the bell at 887.8, levels last seen in September 2022.
- Immotion +41%
- Empyrean +39%
- Dianomi +35%
- Vast Resources -20%
Immotion LON:IMMO was the day’s biggest riser, up 41% by the bell. There’s no news but data suggests there were sharply elevated levels of trade passing through. Today’s move recovers the losses picked up at the end of September following the release of interim results.
Empyrean LON:EME added 39%, although again there’s no formal news statement. Gains for the £10m market cap stock were even more exaggerated mid-session and volumes appear to have been off the chart. One to watch as the comparatively tight spread suggests there’s no shortage of willing sellers, either.
Vast Resources LON:VAST gave back 20% on the day, although after the bumper gains seen earlier in the week, this doesn’t seem to be much cause for concern. The company this morning confirmed that the diamonds withheld by the Zimbabwe government had now been released.
- AIM Market Roundup: European Metals, CMO, Empyrean
- UK Stock Market News: Just Group, Empyrean Energy, MediaZest
- AIM Market Roundup: Staffline, Vast Resources, Orosur Mining
A notable mention for Dianomi LON:DNM up 35% off the back of a trading update. Results for the full year are in line with forecasts and management is keen to stress the string pipeline and low churn rate of the company’s clients. The note hints that the company is outperforming the wider market sector.
