Archive Banks and Financial Services Archive SHAREtrack closes in on magic 7000 | SHAREtrack closes in on magic 7000 |
| Written by Business Weekly | |
| Wednesday, 18 April 2007 | |
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A modest climb of 1.1 per cent was enough to take the SHAREtrack 100 to a new all-time high, just 52 points short of the 7000 milestone figure.
Though not enough to outperform the rises in the comparator indices over the Easter fortnight, the new price of 6948.0 represents a full recovery for the Index following the slump in March that affected stock markets worldwide. It overtakes the previous high of 6934.80 registered in February. Pursuit Dynamics was again the strongest performer with a 23 per cent rise. Just over two weeks ago the directors issued a positive statement at the AGM and two of them followed this up with the purchases of 20,000 shares each at 145p. Amino Technologies bounced up 18 per cent from its low of 48p, partly on news that Ari Zaphiriou-Zarifi has taken an interest of 2,741,214 shares in the company, representing approximately 4.7 per cent. GeneMedix was the worst performer with a fall of 33 per cent. The company has recently changed its listing in London from the main market to AIM and has followed up by delisting its shares from the Singapore Stock Exchange. The company announced the procedures for that delisting and the services for the shareholders to be able to continue trading in its shares. CeNeS Pharmaceuticals fell 15 per cent after the announcement fully two weeks ago of heavier trading losses reflecting the increased expenses of developing its M6G pain treatment and its intention to seek a partner to help fund the remaining trials. |
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