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Despite an early wobble, the AIM Index recovered the vast majority of its losses to spend the bulk of the day trading close to unchanged, before arriving at the bell just a sliver of a point down at 1232.48.

  • Quantum Blockchain +46%
  • Online Blockchain +29%
  • RTC Group -21%
  • Rockfire Resources -17%
  • Catenae Innovation -16%

Quantum Blockchain [LON:QBT] fought its way to the top of the leader board today, adding 46% by the closing bell. Bitcoin has put in a solid performance, nearing $40k in the wake of an Amazon job posting which is being interpreted as a signal of wider adoption of the digital currency.

A similar turn of events at Online Blockchain [LON:OBC] which has extended last week’s gains, once more off the back of that support for cryptos. Having traded around the 27p mark a few days ago, shares tonight closed at an impressive 49.16p – underlining the close correlation between the stock and digital assets.

RTC Group [LON:RTC] was the day’s biggest faller as shareholders digested this morning’s interim results. However this stock is thinly traded and with a 13% spread being quoted, the 21% decline on a £6m company puts things in a degree of context. The EPS figure showed a sharp contraction and the outlook is going to be very much dictated by external factors such as the success of the COVID vaccination roll out, along with the economic recovery staying on track.

Rockfire Resources [LON:ROCK] also struggled during the session, giving up 17% off the back of placing news. The dip reflects the discount offered by the new shares, so again the key point to look for here is the fact the market closed above the price of this latest issuance.

A notable mention for Catenae Innovation [LON:CTEA] which dropped a further 16% today. Shares remain under pressure after that speculative rally last week but for now there’s still no indication as to whether they would be involved in a COVID passport scheme, leaving the stock to drift lower as a result.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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