European equities are off across the board, with the AIM index slipping once more. Losses are aligned with the main market, but tomorrow’s budget will be doing little to reassure UK investors. The Chancellor’s speech certainly has the potential to deliver a volatile afternoon session. The junior market closed down five and a half points at 715.61.
- Emmerson +25%
- CAP-XX +20%
- YouGov +17%
- Fiinu -43%
- Genip -22%
Emmerson LON:EML topped the board today, adding 25%. The stock has had a turbulent time of late, with heavy selling being noted on Monday as the company issued a warning over cash and regulatory delays. However the gain is within the quoted spread so this may be little more than window dressing.
CAP-XX LON:CPX was in second place, up 20%. The company issued an upbeat trading note last week, although this also cautioned of a one month delay in publishing full year results. There’s no fresh news out today but volumes have been significantly higher than average.
YouGov LON:YOU get the notable mention off the back of full year results this morning. These showed the positive impact of a recent acquisition and investors seem to be happy to focus on the success story here. Shares were up 17% at the bell.
Fiinu LON:BANK was the biggest faller, down 43%. Volumes were however thin and there seems to be a general lack of confidence in the outlook for this business.
- Small Cap Stocks: Arc Minerals, Versarien, Fiinu
- Small Cap Stocks: FIINU, Orosur Mining, Golden Metal Resources
Genip [LON:GNIP] was down 22% but again that was lumpy trade and the spread accounted for the entire move. The company was spun out of Tekcapital LON:TEK at the start of the month and has failed to impress since. There’s no news but volumes were notably elevated on the day.
