A faltering start on Wall Street following the long weekend across the Atlantic has hit sentiment closer to home, although downside has so far been limited. The AIM Index closed just over six points down at 1307.98
- Northbridge Industrial Services +16%
- Tertiary Minerals +13%
- Valirx +12%
- Falcon Oil & Gas -22%
- Marechale Capital -19%
Northbridge Industrial Services [LON:NBI] tops the board today although upside has been a rather uninspiring 16%. There’s no news out although media coverage of the stock may be lending a degree of support.
Tertiary Minerals LON:TYM added 13% although the £4m market cap company saw limited trading during the day and the spread of around 6% also needs to be taken into account. Again, no hard news behind the move, but one to watch in the coming days, perhaps?
Valirx LON:VAL also found itself at the upper end of the board and grabbing the notable mention, with the biomedical accelerator adding 12% during the day. The company published a half year report this morning including news of narrowing losses, which appears to have driven elevated levels of buying interest during the session.
Falcon Oil & Gas [LON:FOG], one of yesterday’s star performers gave back some gains to close 22% lower. Opportunistic profit taking would seem the obvious call here, although given the scale of gains posted since late last week, if this marks the end of any shake down, there’s likely little cause for concern in the short term.
Marechale Capital LON:MAC, another winner from yesterday following its 79% advance, found itself under pressure today. Shares gave up 19% off the back of news that the CEO had sold around 25% of his stake in the company. Understandably this sends a strong signal to investors over the near term outlook for the stock.
