Another quiet day saw London’s AIM Index work a little higher, with the number quite possibly flattered by a degree of GBP weakness. At the bell, the junior index sat a little over one point higher at 860.58.
- T42 IOT +17%
- Fulcrum Utility +12%
- Purplebricks +10%
- Eqtec -18%
- Prospex Energy -16%
T42 LON:TRAC topped the board, adding a relatively modest 17% by the close. There was a significant uptick in volumes on the day but transaction numbers remained low and there’s no formal news – at least not yet, anyway.
Fulcrum Utility LON:FCRM was in second place, although gains were a mere 12%. Again a case of not much to see here with underwhelming volumes and a not too wide a spread to boot.
Purplebricks LON:PURP gets the notable mention after the online estate agents published an update on the strategic review this morning which included details of the formal sales process. A number of credible expressions of interest have been tabled for the business, signals that investors are clearly happy to support.
- Small Cap Stocks: Rockfire, Proteome, Ukrproduce
- Small Cap Stocks: Inspirit Energy, EQTEC, Clontarf Energy
- Small Cap Stocks: Powerhouse Energy, T42, ADVFN, ValiRx, Distil
Eqtec LON:EQT was flagged yesterday as one of the biggest gainers but found itself at the foot of the board on Wednesday. The company provided an update on the partnership agreement e flagged yesterday, noting that a deal with the initial partners hadn’t completed but that talks remain ongoing.
Prospex Energy LON:PXEN was some 16% lower at the bell. Again no news, but the stock has been in for a volatile few weeks. Hopes that the rebound on Monday were the start of a bull run have been dashed – at least for now.
