London’s AIM Index has had a subdued start to the week, although managed to find some support in the latter part of the session, reaching the bell just over two points higher at 1037.49
- Kropz Plc +37%
- Borders & Southern +36%
- Bidstack +19%
- Simigon -21%
- Ovoca Bio -14%
Kropz LON:KRPZ topped the board again today, up 37% at the close and maintaining the momentum which got underway off the back of that production update at the end of last week. As we noted on Friday, the timing here is perfect as global supply of fertilizer is expected to be tight in the coming months.
Borders & Southern LON:BOR also had a good day, adding 36% by the bell. However trade was distinctly limited and the spread moved out to something around 25% by the closing bell, which certainly tempers that upside – unless there’s news incoming…
A notable mention for Bidstack LON:BIDS which added 19% on the day. Volumes have however been unremarkable and there’s no formal news here, but sentiment behind the stock does seem to be improving.
Simigon [LON:SIM] was the day’s worst performer, dropping 21% by the bell. However this is a minnow of a company with a market cap of just £1m and sat on a 20% spread at the close. The firm provides virtual training software.
Ovoca Bio [LON:OVB] came under some notable selling pressure in early trade today, dropping 14% before languishing there for the remainder of the session. The company has some limited exposure to Russia and has already seen a share price reaction as a result, but the stock saw limited trade and the decline was actually inside the quoted spread at the close.
