It’s been another down day for London’s AIM Index, with Wall Street’s return from the long weekend and the accompanying hangover doing little to lend any support. The junior market is trading almost eight points lower at 3pm, sitting at 867.12.
- Nanosynth +52%
- Lansdowne Oil & Gas +22%
- Equals Group +11%
- Supreme -32%
- Bluerock Diamonds -27%
Nanosynth LON:NNN again made waves topping the board for a second successive day and advancing a further 52% by 3pm. There’s no fresh news here, so this is simply continued momentum off the back of yesterday’s strategic update. The share price has now more than doubled since the end of last week but still remains well below levels from the start of the year.
Lansdowne Oil & Gas LON:LOGP sat in second place at 3pm, up 22%. There is however no fresh news here and given the low market cap, lumpy order flow and 20% quoted spread, it’s difficult to read too much into this.
Equals Group LON:EQLS gets the day’s notable mention, some 11% higher at the time of writing. A trading update issued this morning advised of a record breaking performance, with at least some shareholders responding accordingly.
Supreme LON:SUP was the day’s laggard, some 32% lower at copy time. Final resulst were issued this morning and whilst the advances in headline figures were evident, slowing market activity is expected to be a drag on momentum. Short term commodity prices are also set to pose challenges.
Bluerock Diamonds LON:BRD sat 27% lower at the time of writing, with the company having issued a financing update this morning. This has clearly initiated a degree of concern amongst investors and is weighing in sentiment. The scale of the loan is close to the company’s market cap and runs the risk of shareholders being left somewhat offside.
