Big gains for US tech stocks on Monday appeared to bolster support on a wider basis with London’s AIM All Share Index posting a solid start to the day. Heading into the close and the index was a little more than three points ahead at 778.256.
- CAP-XX +131%
- Crossword Cybersecurity +44%
- R&Q Insurance -20%
- Surface Transforms -18%
- AOTI (debut)
CAP-XX LON:CPX was the best performer ahead of the end of trade, up 131%. That move comes off the back of news of three new non0exec board appointments, including Dr Graham Cooley, formerly of ITM Power LON:ITM. The strengthened management team is seen as being instrumental in fuelling further growth for the business, but it’s been a torrid ride for the share price which has lost 85% over the last year.
- Small Cap Stocks: Surface Transforms, Orcadian Energy, Tan Delta
- Small Cap Stocks: Rockfire Resources, Fusion Antibodies, Oracle Power
- Small Cap Stocks: Oracle Power, Surface Transforms, Goldstone Resources
Crossword Cybersecurity LON:CCS was in second place, up 52% following news that it had signed a three year deal with the UK subsidiary of a global defence company. The partnership is seen as being potentially transformational.
R&Q Insurance LON:RQIH took another tumble in today’s trade, off 20%. There’s a colossal spread on this company as it appears to near the end of the road and buyers were certainly thin on the ground.
Surface Transforms LON:SCE was 18% lower having notified the market this morning of delays in its audit process. Two aspects – impairments and revenue recognition – have been called into question. Full year results are still expected to be published this month.
A notable mention for the med tech company AOTI [LON:AOTI]. They made their market debut today although pricing seemed robust with shares advancing just 4p from the 132p list price.
