It was another down day for the AIM Index but losses were limited, with some hopes building that Jerome Powell’s speech may offer investors some crumbs of optimism given spiralling US borrowing costs. At the bell the All Share was one and a half points lower at 683.24.
- On The Market +52%
- Wishbone Gold +43%
- Quantum Blockchain +32%
- Saietta Group -32%
- Bidstack -30%
**I am aware that there may have been an outage around tonight’s close which could lead to some of the datapoints below being incorrect. Please treat today’s narrative in good faith as representative of the data I had available at the time of writing**
OnTheMarket LON:OTMP jumped 52% today off the back of takeover news. In addition to publishing interim results this morning, a US listed property giant has also tabled an offer for the business which has been recommended by management. Critically this is seen as positioning the company to take on the likes of Rightmove. An offer of 110p per share has been proposed.
Wishbone Gold LON:WSBN was in second place, up 43% . There’s no news out and although drill samples were sent to a lab last week, it seems unlikely that there’s any update on the quality of these. Big buy orders have however been recorded and volumes are significantly higher than normal. One to watch?
Quantum Blockchain LON:QBT gets the notable mention, up 32%. There was heavy buying interest in the latter part of the session, helping reverse declines from recent weeks, but no firmnews.
- UK Stock Market News: Balfour Beatty, Quantum Blockchain, L&G
- Small Cap Stocks: Quantum Blockchain, Arkle Resources, Chariot O&G
- Small Cap Stocks: Artemis Resources, Distil, Accesso Technology
Saietta Group LON:SED was at the foot of the table by 4.30pm, down 32%. The company’s listing was restored today following the publication of full year results , which critically included the assessment that the board would need to find additional funding in the final quarter to fully capitalise on the current pipeline.
Bidstack Group LON:BIDS was in second to last place, off 30%. A set of corporate announcements late yesterday afternoon were well received but the upside here appears to have been unsustainable.
