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It’s been another down day for London’s AIM market with the index slipping a further five points to reach 1295.66 by the bell.

  • Hardide +32%
  • Kropz +18%
  • Galantas Gold Corp -17%
  • Windar Photonics -16%
  • ASOS -6%

Hardide [LON:HDD] found itself pushed to the top of the board today, adding an impressive 32% after the company announced a contract win ahead of the opening bell. Although the deal is only worth £200,000, it’s the company’s first production order for power generation turbine blades, and the note made clear that it expects this to be the start of a healthy pipeline.


Phosphate explorer Kropz [LON:KRPZ] found itself in second place, up 18% by the bell. There was very limited trade seen but a positive update over a water license in South Africa seems to have helped buoy sentiment. That said, the gain is still within the spread being quoted at the close, which stood at 33%

Galantas Gold Corp [LON:GAL] was the day’s worst performer, shedding just over 17%. There’s no fresh news here, but yesterday a director’s retirement/resignation was announced so this may just be a delayed reaction. With a market cap of £22m and a spread of around 7% however its’ difficult to read too much into this move.

Windar Photonics [LON:WPHO] remains under pressure with the stock losing a further 16% today. That takes losses since the start of the month to more than 35% but there’s no news out to justify the move. With a current spread of 11% and a market cap of just £10m however again this is hardly abnormal volatility.

ASOS [LON:ASC] gets the notable mention today after shares slumped almost 6%. Whilst there are a number of concerns facing retailers right now including supply chain issues and worries over consumer demand, we did see a broker upgrade for peer Boohoo. This may be behind the price action.

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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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