The AIM index managed to hold its ground during Thursday’s session, performing fractionally better than its London blue chip counterpart and closing up by less than one quarter of a point at 949.3.
- Remote Monitored Systems up 73%
- Catenae Innovation up 33%
- Hornby up 31%
- Zinnwald Lithium down 21%
- Itaconix down 16%
Shares in Remote Monitored Systems [LON:RMS] surged higher once again on Thursday in another busy day of trade. Most of the upside emerged later in the session and there’s still no news to support the run of gains, but with concerns over COVID failing to dissipate, investor confidence remains high over the outlook.
Catenae Innovation LON:CTEA also posted big gains on Thursday, adding one third to the share price. Again there’s no verified fundamental news out to support the move, but shares have spiked significantly higher on a couple of occasions this year already. Worth noting that the £7m market cap and a fairly wide spread may be distorting the true picture here.
Zinnwald Lithium [LON:ERIS] was the day’s biggest faller, off by 21%. The company, formerly Erris Resources, was admitted to the market today having just completed a £3.45m recapitalisation. At the close, the market cap was £2.73m…
Itaconix LON:ITX was another big faller, sliding 16% as it extended yesterday’s losses. Wednesday had been a turbulent session after the release of half year results despite them painting an upbeat picture. With the business exposed to the household cleaning sector, some may be expecting a more optimistic run will emerge here.
A notable mention for Hornby LON:HRN, who saw sales steaming ahead as lockdown fuelled fresh interest in the model train market. The stock added 31% during the day, pushing out to levels not seen since the valuation hit the buffers back in early 2016. With further lockdowns appearing even more likely over the winter, investors seem confident this won’t be derailed any time soon.
