The AIM All Share has joined global markets in the rebound with the index posting what looks like its biggest one day points gain for the year to date, up 11 to close at 759.67.
- Chaarat Gold +81%
- Energypathways +24%
- YouGov +19%
- Orchard Funding -33%
- Engage XR -17%
Chaarat Gold LON:CGH was the day’s biggest riser, jumping 81% by the close. As we noted last week the company is in the process of migrating its listing to a matched bargain facility and this transition period typically sees elevated levels of price volatility. Volumes do appear notably elevated for a third day and the spread is wide. With the pivotal general meeting set for Thursday, the elevated levels of interest may be maintained for a while yet.
Energypathways [LON:EPP] was in second place, 24% ahead on the day. That came after a company update was published this morning highlighting that decarbonisation tax breaks received by the business would be maintained, something that infers the new government will continue to back initiatives like this.
YouGov LON:YOU gets the notable mention, up 19%. The business published a full year trading update this morning, noting that full year figures are likely to come in above previous forecasts.
Orchard Funding LON:ORCH was 33% lower on the day, following its trading update. This advised that the company’s largest customer had gone into administration. Further updates will be provided in due course.
Engage XR [LON:EXR] was in second to last place, down 17%. Again, a pre-close trading update appears to have been the trigger and perhaps the choice of words from management noting satisfaction with the resilient performance was sufficient to see investors taking the glass half empty view here.
