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Home » UK Shares » AIM Risers and Fallers » AIM round-up: Staffline, Shoe Zone, Ncondezi Energy

Sentiment may be waning on the main board, but collectively, AIM stocks posted another day of gains on Tuesday. The Index finished just under six points higher at 1012.89.

  • Staffline up 19%
  • Shoe Zone up 19%
  • Remote Monitored Systems down 26%
  • Victoria Oil and Gas down 21%
  • Ncondezi Energy up 13%

Staffline [LON:STAF] found itself at the top of the pile on Tuesday with shares in the recruiter adding a healthy 19% by the close. There’s no firm news here but the valuation has fallen a long way in recent years, with COVID serving up a final blow. There are signs of stake building here so there may be speculation of a bid emerging, but for now there’s nothing concrete to support the gains.

Shoe Zone [LON:SHOE] wasn’t far behind, also tacking on just under 19% in an exceptionally busy day of trade. Results issued three weeks ago served the share price another blow in what has been a year of turmoil for many retailers. However as potentially one category that has longevity with a physical presence, are investors thinking that brighter days have to lie ahead?

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Remote Monitored Systems [LON:RMS] is back in focus, accruing another day of losses, not helped by news that the chairman had sold down two thirds of his stake. As we noted yesterday, anti-viral fabrics have applications beyond COVID, but when senior management look for the exits as shares sit at all time highs, it’s understandable that investor confidence takes a knock leaving shares down a further 26%.

Victoria Oil and Gas [LON:VOG] slipped 21%, with the upside from last week’s litigation settlement news starting to slip away. Shares are still trading at a healthy premium to where they say at the start of the month, but the absence of further news appears to be encouraging profit taking.

A notable mention from Ncondezi Energy [LON:NCCL] who we looked at yesterday. Their shares rose 13%, helped along by a major shareholder who recently joined the board upping his holding to close on 20%. In the absence of other news, that vote of confidence alone could well be responsible for these latest gains.

This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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