skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 

London’s AIM Index say Monday’s gains reversed during the session, ending some 7 points lower at 955.29.

  • I-Nexus Global +59%
  • Simec Atlantic +29%
  • Newmark Securities +20%
  • Asimilar Group -13%
  • 7Digital -11%

I-Nexus (LON:INX) was the day’s best performer, adding 59% amidst some very heavy trading. There’s no news here to support the rally but results are due imminently.

Simec Atlantic (LON:SAE) found itself in second position by the close, some 29% ahead. This morning the company announced a £40m contract for one of the country’s largest battery storage projects and although that sum will be delivered over the next 30 years, £11m is due in the next 18 months.

Newmark Securities (LON:NWT) gets today’s notable mention, adding 20% off the back of a year-end trading update. Management are bullish regarding strategy execution and believe that operations have been optimised to drive further growth – a message that the market seems happy to buy into.

Asimilar Group (LON:ASLR) was the day’s laggard, although losses were a modest 13% with a 6% spread quoted at the close. There’s no news here although read across from the wider market seems to be weighing on sentiment.

Shares in 7Digital (LON:7DIG) were also left languishing during the day’s trade, although again losses were limited to a mere 11%. Trade was thin and that downside is within the spread, but Friday’s announcement of its partnership with AEG has arguably failed to deliver the bounce management may have been hoping for.

Related

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Comments

Subscribe for more stories like this, 8am weekdays - for free!


Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
WisdomTree
ActivTrades
Back To Top