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Home » UK Shares » AIM Risers and Fallers » AIM round-up: Deepmatter, Trafalgar Properties, Ncondezi Energy

London’s AIM Index managed to conclude Wednesday’s session with some modest gains, helped at least in part by that slowing of US inflation, although the junior market still lagged the main board. At the bell, the AIM Index closed up more than eight and a half points at 953.76

  • Deepmatter +58%
  • Trafalgar Properties +57%
  • Ncondezi Energy +38%
  • Ilika -30%
  • Agriterra -20%

Deepmatter [LON:DMTR] was the day’s best performer, adding 58% by the bell. The impressive gains were posted off the back of a comparatively modest contract win which the market was notified of this morning, suggesting that there’s confidence more will be seen here in due course.

Trafalgar Properties [LON:TRAF] also had a good session, adding 57% in the wake of news that it had appointed a new executive director. The incoming hire has previously worked with Trafalgar’s CFO to co-found a hydroponics business which was subsequently sold to Ocado and the move is set to reignite Trafalgar’s ambitions in the field.

A notable mention for Ncondezi Energy [LON:NCCL] which tacked on a further 38% during the day following the release of news that NED Scott Fletcher had increased his holding to an aggregate 19.9%. Coming in the wake of that well-received update regarding the solar proposals, this has evidently served to galvanize investor enthusiasm for the stock which has advanced more than 50% since the start of last week.

Ilika [LON:IKA] was the day’s laggard, off some 30% in the wake of this morning’s trading update. Whilst this was said to be in line with management expectations, the company is facing challenges in terms of its miniature battery production division, with optimisation taking longer than had been anticipated. The downside here has been further exacerbated by pipelines suggesting demand will be weighted towards power for medical rather than industrial devices which themselves come with longer lead times.

Rounding off with Agrietrra [LON:AGTA], which has come in as the day’s second worst performer finishing down 20%. However this is a sub £1m market cap company and with very limited order flow going through, finished on a spread significantly wider than the day’s loss. Seems likely there’s nothing to see here.


This article is not investment advice. Investors should do their own research 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.

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