London’s AIM All Share index has started September on the back foot, shedding almost six points with no direction being seen from the US on the basis markets are closed for the Labor Day holiday.
- Indus Gas +37%
- Futura Medical +19%
- Bushveld Minerals +17%
- Jersey Oil & Gas -20%
- Belluscura -19%
Indus Gas LON:INDI was the day’s biggest riser, adding 37%. The move recovers last week’s losses with Friday’s mid-session operational update possibly having provided some reassurance to investors.
Futura Medical LON:FUM was in second place, adding 19%. The company this morning provided an update on its product roll out in the US market, with pre-order sales now being undertaken with delivery and in-store availability being seen from next month.
Jersey Oil & Gas LON:JOG was the biggest faller on the day, slipping 20%. Volumes were elevated with the company noting a press release out from a partner regarding slowing production whilst awaiting a government review on new hydrocarbon projects.
Belluscura LON:BELL was off 19% as the company continued to give back gains seen following last week’s publication of a pre-AGM trading update. Despite this noting FY revenues are now set to be sharply lower, the initial reaction was clearly more positive, but at least some profit taking has now been seen.
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Bushveld Minerals LON:BMN gets the notable mention, up 17% with the market reacting to late afternoon news that it has received matched funding of $10m, enabling it to undertake a series of cost saving initiatives and reduce its debt burden. It is however worth noting that the move is barely outside the spread quoted at the close.
