London’s AIM index may have put in a respectable start to the day, but downside momentum gathered pace in the wake of US markets coming on line, leaving the index to sit at 1028.36 by 3.30pm
- Tower Resources +16%
- Sabien Technology +14%
- Origo Partners -33%
- Egdon Resources -16%
- Novacyt -12%
Tower Resources LON:TRP was the day’s best performer, adding a relatively modest 16% by copy time. Trade volumes were comparatively limited, but there’s evidently some enthusiasm behind the day’s move – even if the spread does account for much of it.
Sabien Technology LON:SNT was the second biggest riser at 3.30pm, having advanced 14%. Again the stock has taken a pasting over the last few weeks but is now starting to find support.
Origo Partners LON:OPP was the worst performer an hour before the bell, sitting some 33% lower. However that seems to be little more than a rounding error with the stock quoted on an 80% spread at the time of writing
Egdon Resources LON:EDR also struggled, slipping 16% by copy time. An update to interim results issued today seems to have applied some downside pressure here.
Finally rounding off with Novacyt [LON:NCYT], the medical diagnostics company issued an update regarding its stand off with the DHSC this morning. That has gone to the next level, but as we noted this morning, this story still has a long way to run.
