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 Atlantis +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 Atlantis (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.
