The Conversation (0)
On Friday, the Alternative Investment Market fell 1.31 points, or 0.18 percent, hitting 717.26 points. Central Rand Gold was the sole resource gainer on the AIM.
On Friday, the Alternative Investment Market (AIM) fell 1.31 points, or 0.18 percent, hitting 717.26 points. Reuters reported that European stocks suffered after Eurozone growth numbers were released.
The economic data indicates some growth in France and Germany, but also shows that many other countries are still in recession. Performance for Asian stocks was also weaker on the back of slower growth from China.
Also impacting London stocks was a lower crude oil price and the continued strength of the US dollar against the euro. Perception that the US economy continues to outperform those of Europe and Japan has helped lend support to the dollar.
On the commodities front, South African gold exploration and production holding company Central Rand Gold (LSE:CRND) rose 20.73 percent to trade at GBP24.75. Central Rand was the only resource company among the top gainers on the AIM Friday.
The sole resource company that lost on the AIM was Renewable Energy Generation (LSE:WIND), a company that develops, constructs and operates renewable energy facilities in the United Kingdom. The company fell 11.54 percent to trade at GBP1.15.