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Despite a bumper day for blue chip mining stocks, the AIM Index floundered with upbeat inflation data this morning weighing more broadly on UK equities. The junior index closed down over five points at 1223.12.

  • Eve Sleep up 56%
  • Windar Photonics up 55%
  • Leeds Group down 13%
  • Petroneft down 13%
  • Online Blockchain up 30%

Mattress makers Eve Sleep [LON:EVE] added 56% during the day, although mid-session the stock had been trading up around 100%. The move to a multi-year high appears to have come off the back of an announced tie up with CBD oil producer Sana Lifestyle and with over one third of the issued shares changing hands during the session, trade has certainly been brisk. This is a hot space right now, with the main board’s newly IPO’d Kanabo adding >100% for a second day in a row.

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Windar Photonics [LON:WPHO] gained ground on Wednesday, adding 55% although there’s no news behind the move. The company provides optimisation services to the wind energy business and this sector enjoyed something of a resurgence over the Christmas period. Shares had been advancing at the start of the week, but today’s gains have pushed the stock back to levels not seen since late 2019.

Leeds Group [LON:LDSG] slipped to the foot of the table, off move than 13% following a trading update which was released ahead of the opening bell. There was little to cheer in the news, which flagged that an extension to German lockdown restrictions into next month has continuing to hamper sales for the business. The closures are now expected to have a significant impact on results for the financial year.

Petroneft [LON:PTR] also struggled, sliding almost 13% despite broader support for the commodities sector and an RNS this morning detailing a convertible loan that sets expectations for a solid rise in the share price over the next couple of years. The share price had been ascending for the last week, so this could well simply be a degree of profit taking perhaps augmented by some rebalancing within the sector. A wide spread of almost 8% also mitigates downside here.

A notable mention for Online Blockchain [LON:OBC] which saw further support today, adding another 30% as the Blockchain price dug in north of the $50k mark. It’s been another quick run higher and the last time the stock saw these levels coincided with the early January BTC spike. This time those crypto gains look a little more sticky which has the potential to favour OBC.

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.

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