Another strong session for London’s junior market as stocks across the continent enjoyed support from that ECB rate cut news and the anticipation that the BoE will soon follow suit. The AIM All Share rose just over three points to close at 742.84.
- MicroSalt +46%
- N Brown +43%
- GB Group +13%
- Cloudcoco -25%
- Fusion Antibodies -12%
MicroSalt [LON:SALT] was the biggest gainer, up 46% on the day. There’s nothing official out but a recent interview with TekCapital noted that significant B2B developments could be announced soon from the company.
- AIM Market Roundup: Craven House, Deltex Medical, MicroSalt
- Three Quick Facts: Angling Direct, boohoo, MicroSalt
N Brown LON:BWNG was 43% up on the day following news of a proposed private equity buy out. With more than 50% of shareholders backing the deal already, this seems likely to proceed unhindered.
- Three Quick Facts: ITM Power, N Brown, IP Group
- Can AIM reach the stars despite IHT threat and sluggish IPOs?
GB Group LON:GBG added 13% to take the notable mention. Interim results this morning confirmed a strong first half and saw the full year outlook being reiterated.
Cloudcoco LON:CLCO was the biggest faller, down 25% although that’s but a drop in the ocean in the wake of Wednesday’s meteoric rise for the business. This is nothing more than profit taking or price adjustment.
- AIM Market Roundup: Distil, Orchard Funding, Mirriad Ads
- Small Cap Stocks: Cloudcoco, Feedback, Versarien
Fusion Antibodies LON:FAB was the second worst faller of by 12%. However, that simply reverses the marked gains seen on Wednesday and volumes were certainly high during today’s session.
