AIM Monthly News
The recent recuperation of AIM lost a little momentum in May, but the AIM All-Share index still improved by 9.4 per cent, from 479.79 to 524.65 points, following a 20 per cent upturn in the previous month.
There were signs that the recovery is being driven by the market’s overseas constituents, since the AIM UK 50 index rose just 1.4 per cent to 2,201, while the wider AIM 100 index, also including international companies, gathered up 8.1 per cent to 2,325 points.
International gainers included Californian turbine maker Clipper Windpower, whose value more than doubled during the month to £185 million. 2008 results showed turnover soared from $23.8 million (£14.6 million) to $737.3 million, though losses widened 63 per cent to $313.3 million.
Many of the other large advances in the AIM 100 were made by metals miners, with Egypt-focused Centamin, Papua New Guinea’s Allied Gold and Platinum Australia all surging around 50 per cent.
Across the wider index, other stocks shining brightly included Chinese lighting minnow LED International, up 300 per cent to 1.3p, and heating solutions innovator Inditherm, up 150 per cent to 11p, while fallers included Italian designer house Burani and caravan retailer Discover Leisure.
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