Optimism over the outlook for the Chinese economy that had helped buoy sentiment in London at the start of the week is already fading and as a result, equity indices have been losing ground, too. The AIM All Share slipped back, dashing hopes of a Santa rally – at least for now – to finish just over two points lower at 738.6.
- Victoria +42%
- Proton Motors +34%
- Orchard Funding +19%
- Coro Energy -22%
- Oracle Power -23%
Flooring specialists Victoria LON:VCP topped the board, adding 43% on the day. The stock had traded down to levels not seen in over a decade at the start of the month but investor interest appears to be re-emerging with directors buying and other stake building moves instilling a degree of confidence.
Proton Motors LON:PPS was in second place at the bell, some 34% higher. The company is planning to delist from AIM amidst an orderly winding down following its failure to seek new financing. Today’s move does come off the back of thin volumes and a very wide spread.
- AIM Market Roundup: Fiinu, Celadon, Cambridge Nutritional
- Small Cap Stocks: Star Energy, Woodbois, Proton Motor
Orchard Funding LON:ORCH was 19% higher taking the notable mention off the back of interim results published earlier today. Lending volumes and income both posted double digit percentage gains and despite impairments rising notably, the limited trade we saw today was evidently weighted on the upside.
Oracle Power LON:CORO was off 23% as the stock continues its recent volatile run. There was a further update on a mining lease application published today but this seems unlikely to be weighing on sentiment.
- AIM Market Roundup: Immupharma, Poolbeg, Xeros
- Small Cap Stocks: Sound Energy, Coro Energy, Blue Star Capital
Coro Energy LON:ORCP was 22% down at the close. There’s no news here but the stock is floundering and the debt-saddled company is evidently struggling. Today’s loss was within the quoted closing spread.
