London’s AIM Index underperformed yet again on Wednesday, shedding a further four points by the close. That goes against gains seen on the main board, but aligns with the tepid start seen across the Atlantic. At 4.30pm the All Share was at 674.08.
- Ethernity Networks +310%
- Cykel AI +233%
- IG Design +18%
- RWS Holdings -17%
- Capital Metals -15%
Ethernity Networks LON:ENT is in front again, today adding a phenomenal 310% although some downward pressure was seen after the closing bell. That still only recoups cumulative losses from the last three months, but there has been a colossal degree of interest in the stock during the day. Impressively for a £3m market cap company, the spread remains around the 2% mark.
Cykel AI [AQSE:CYK] made its debut on Aquis today and had charged some 233% higher by the close. The company is building a Natural Language Processing (NPL) technology that takes both spoken and typed requests from humans and performs tangible digital actions, so sits squarely in that hot space of AI.
IG Design LON:IGR gets the notable mention, up a rather more modest 18%. A trading update published this morning noted significant growth in profit and margin and although full year expectations are unadjusted, this will reflect some strong YoY growth.
- Small Cap Stocks: Capital Metals, Seascape Energy, Oracle Power
- Small Cap Stocks: Valirx, EnergyPathways, Merit Group
- Small Cap Stocks: Tavistock Investments, Capital Metals, Trafalgar Property
RWS Holdings LON:RWS was the biggest faller, although again that’s comparative with losses at just 17%. A trading statement out this morning highlighted a broadly solid performance but included details that the challenging macroeconomic climate has hit some end markets. Traded volumes were significantly higher than normal and the spread of close on 10% is also notable.
Capital Metals LON:CMET was the second biggest faller, off 15% at the bell. There has been a lot of interest in the stock over the last couple of weeks since what were seen as positive developments emerged from Sri Lanka, but the underlying has given back more than half of those recent gains. More good news regarding licenses would inevitably lend support.