London’s AIM Index found some support today as even if UK inflation didn’t fall by as much as had been expected, the scene remains set for the Bank of England to ease off on the monetary policy agenda in the near term. The All Share closed the day almost five points higher at 742.96.
- Metals One +38%
- Sareum Holdings +24%
- Brooks Macdonald -3%
- Molecular Energies -20%
- Scirocco Energy -18%
Metals One [LON:MET1] topped the board, added 38% off the back of news of a director’s dealing. Volumes were elevated but the quoted closing spread accounted for much of the upside. A note issued shortly before the bell also confirmed that assay results were still expected but not until next month.
Sareum Holdings LON:SAR also had a good day, advancing 24% by the bell. There’s no fresh news here, but the stock has had a strong run in recent days and seems to have found a floor after the extended sell-off.
- AIM Market Roundup: Metals One, Conroy Gold, Tekcapital
- Small Cap Stocks: ValiRx, Metals One, Keywords Studios, Bivictrix
- Small Cap Stocks: Helix, Totally, Pipehawk, Scirocco, R&Q
Molecular Energies LON:MEN slipped 20% to find itself at the foot of the board, reversing much of the upside seen yesterday. The stock is close to completing a migration over to the JP Jenkins private venue, with volumes notably thinner than we have seen in recent days.
Scirocco Energy LON:SCIR slipped 18% after the company announced it was looking at delisting. The size of the sell off here is notable as typically such news sees a more marked decline.
Brooks Macdonald LON:BRK gets the notable mention with the stock unable to finish the day any higher despite those upbeat quarterly results. Outflows were meaningfully higher than had been seen previously but good investment performance saw AUM advance and despite a strong narrative that the company could be a bid target, the shares still ended some 3% lower.
