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The Alternative Investment Market (AIM) in London was up 0.86 points May 10, hitting 717.83, according to Money AM.
The Alternative Investment Market (AIM) in London was up 0.86 points May 10, hitting 717.83, according to Money AM.
Beaufort Securities reported that most mining companies made modest gains. Eurasian Natural Resources (LSE:ENRC) posted an 8.85-point gain, rising to 300.35. BHP Billiton (LSE:BLT,ASX:BHP,NYSE:BHP) rose 11.5 points, to 1,939, and Rio Tinto (LSE:RIO) added 12.75 points, hitting 3,301.75 in London.
Gold prices were weak, however, and Randgold Resources (LSE:RRS) posted a decrease of 65 points, moving down to 5,160 points, the source reported.
Similarly, gold exploration company Triple Plate Junction (LSE:TPJ) posted one of the biggest falls on the AIM today, decreasing 9.43 percent and hitting a low of 0.4. African Copper (LSE:ACU) also fell 5.46 percent.
Money reported that the AIM 100 was up 0.77 percent over the week. Small-cap shares are expected to continue to climb, analysts said.
“We have seen once again long buying on market weakness and investors are coming to the understanding that the AIM market is providing fantastic opportunities,” said Atif Latif, director of trading at Guardian Stockbrokers.