London’s AIM Index made good progress in early trade, adding around eight points by 3pm.
- IG Design Group +24%
- Caspian Sunrise +16%
- ItaConix +14%
- Clontarf Energy -71%
- Trafalgar Property Group -27%
IG Design LON:IGR topped the board, advancing 24% off the back of news of a funding extension.
Caspian Sunrise LON:CASP also fared well, up 16% following an operational update. Arguably this has helped placate investor fears over Russian exposure. See our analysis from last week.
ItaConix LON:ITX gets the notable mention, 14% higher at 3pm. That said, volumes have been thin and there’s little to justify the move beyond some buying support
Clontarf Energy LON:CLON was the day’s laggard, off by 71% at 3pm. Results of both an AGM and a drilling update were provided this morning and the latter was arguably the most disappointing with an advisory that “no commercial hydrocarbons were found”
Trafalgar Property Group LON:TRAF also struggled, down some 27% at copy time. Shares rallied hard around a month ago before seeing momentum abate somewhat. Today’s move – which isn’t backed by any formal news – leaves the stock trading back at those late April levels.
