London’s AIM Index failed to keep pace with the main board today, spending the vast majority of the session in negative territory and reaching the closing bell almost four and a half points lower at 1272.2
- Mobilityone +35%
- Quadrise Fuels +19%
- Bezant Resources – 18%
- Webis Holdings -15%
- Good Energy +15%
Malaysian e-commerce play Mobilityone [LON:MBO] found itself at the top of the board by 4.30pm today, having added 35% in a very brisk day of trade as almost a million shares had changed hands by the bell. There’s no news formally released and earnings aren’t due for a little while yet, but one to watch.
Quadrise Fuels [LON:QFI] was the day’s second biggest riser, adding 19% as gains for the month close in on 100%. There’s no direct news here but a positive update from TomCo Energy yesterday could be providing some additional support here.
Bezant Resources [LON:BZT] was the day’s biggest faller, off 18% both as a degree of profit taking from recent gains kicked in but also with investors reacting to news that the company had terminated a transaction agreement with MMIH. There’s arguably not too much to read into this given the 75% run higher seen by the stock over the last week, however.
Webis Holdings [LON:WEB] slipped 15% although this is a comparatively small player with a reportedly low free float of shares. Despite today’s slip, the stock remains comfortably above levels seen earlier in the year and looking back at the half year report published two months back, it acknowledged that a relaxation of COVID rules, especially in California, had the potential to benefit the company.
A notable mention for Good Energy [LON:GOOD], whose shares added 15% today. Trade could probably be best described as brisk and although there’s no formal news around, the FT did this morning report on a government led campaign to encourage sovereign wealth funds to invest in British green energy projects. That said there’s been no universal impact here, but with the COP26 summit fast approaching, this sector is likely to be in focus over the summer.