London’s AIM All Share index is tracking the main board higher, extending the run that started at the end of last year. Whilst that may be defying the broader economic outlook, talk of discount UK listed companies being in the crosshairs of overseas investors is difficult to ignore.
- Borders & Southern +51%
- Genip +21%
- Smarttech 247 +15%
- Synairgen -23%
- Quadrise -21%
Borders & Southern LON:BOR was at the top of the board today, up 51%. There’s no news out but volumes have been significantly elevated and read-across from the recent popularity of Rockhopper LON:RKH could be helping lift sentiment.
Genip [LON:GNIP] was 21% higher, again with the move being posted off the back of no apparent news although there is some supportive media narrative around the stock, apparently.
Smarttech247 [LON:S247] gets the notable mention, up by 15%. That’s off the back of this morning’s news which provided an update on the full year results outlook, something that is scheduled to be published in the coming weeks.
Synairgen LON:SNG was the day’s laggard, off 23%. Volumes were slightly elevated but the price action was concentrated and the move barely exceeds the quoted closing spread.
Quadrise [LON:QED] was 21% lower but that simply looks to be some opportunistic profit taking after the stock’s strong run of gains over the last six weeks. The valuation has close on trebled since the end of November following a steady run of well-received corporate announcements.
