AIM Round-Up: AIM Feels Pressure from US Market Data

The Alternative Investment Market (AIM) in London fell 1.5 points or 0.17 percent to hit 895.77 points. The market reached a high of 899.67 points today before declining.

London’s markets were not the only ones that fell today. Markets around the world were impacted by a U.S. report that showed hiring expanded in February despite hard winter weather, The Associated Press reported. The positive report means the Federal Reserve would likely continue tapering its stimulus program.

TXO Plc (LSE:TXO), a holding company engaged in oil and gas exploration, was a top gainer on the AIM today. The company hit a price of GBP0.09, a rise of GBP0.02 or 28.57 percent from the previous session. Independent Oil & Gas PLC (LSE:IOG) also saw increases on the market. The U.K.-based energy oil and gas company rose GBP8.00 or 22.54 percent to hit a price of GBP43.50.

Paragon Resources plc (LSE:PAR) posted some losses on Friday, down 14.04 percent to trade at GBP0.24. For the most part, mining companies stayed out of the AIM’s top five biggest drops for the day, however, miners experienced losses on other markets, like London’s FTSE 100, where rising tensions between Russia and Ukraine put pressure on stocks MarketWatch reported.