London’s AIM Index has bounded higher through the session, making for its best one day gains in almost five weeks to close up almost nine points at 1230.72
- Kibo Energy up 36%
- Mercantile Ports up 28%
- Belluscura up 11%
- Myanmar Investments down 14%
- Mobilityone down 14%
Kibo Energy LON:KIBO topped the bord, reaching the bell some 36% higher. There’s no news out and it’s been a fairly frantic day of trade, although these gains only serve to recover the losses accrued over the last couple of weeks in the wake of the latest results.
Mercantile Ports [LON:MPL] also had a good day, tacking on 28% after announcing a new long-term ports contract in India. The gains remain dwarfed by the 117% uptick we reported on back in February off the back of another long term contract win and it’s worth noting that the share price remains below highs seen earlier this year.
A notable mention for Belluscura LON:BELL which added 11% today off the back of news that it had signed its first US distribution agreement for the company’s portable oxygen concentrator.
Myanmar Investments LON:MIL dropped 14% although this is a thinly traded stock and the slump was actually within the spread. With a market cap of under £10m there’s no news and not much to see here.
Mobilityone LON:MBO is back on the radar, being the day’s second biggest faller and reaching the bell down by almost 14%. The shares were rocked at the start of last week after a trading update and this latest decline leaves the stock more off by more than a third from those recent highs.
