London’s AIM All Share Index has managed to find some support during Wednesday’s trade, adding around two points by 4pm to sit at 740.23, with that upbeat UK GDP data and a strong finish on Wall Street last night both adding some momentum.
- ECR Minerals +21%
- Feedback +20%
- Symphony Environmental Tech +17%
- CAP-XX -80%
- Blue Star Capital -45%
ECR Minerals LON:ECR topped the board, adding 21% as we head towards the close. There’s no official statement out but some upbeat news on gold deposits may be incoming. Volumes were notably higher than normal and this is one to watch.
Feedback LON:FDBK added 20% by 4pm. Again there’s no news out but the focus of buying activity took place following the US open. It’s worth caveating that whilst volumes were elevated they were far from remarkable and there’s a close on 8% spread being shown too.
Symphony Environmental Technology LON:SYM gets the notable mention, up 17% by copy time off what appears to be the company’s flagging of a positive report by the US Environmental Protection Agency – dating back to 2021. This apparently confirms that Symphony’s product is at the cutting edge of sustainable plastics.
- Feedback staking future growth on NHS adoption of Bleepa
- AIM Market Roundup: Inspiration Healthcare up 84%
- AIM Market Roundup: Blue Star Capital, Enteq, Fiinu
CAP-XX LON:CPX was the biggest faller, down some 80% as we approach the closing bell. This morning management noted that the company was in dire need of fresh capital and that would have to be fulfilled by the month-end. Failing that the company will be placed into administration.
Blue Star Capital LON:BLU was down 45% by 4pm following this morning’s update. A portfolio company had seen its value written down significantly, taking a £5m toll on Blue Star’s valuation. That’s being reflected in the share price and whilst management are optimistic that the relevant asset may have a brighter outlook, investors were quick to price in the change.
