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The Alternative Investment Market ticked up 0.84 points to hit 710.33 points, which is a 0.12 percent increase. Despite Germany rejecting a financial support plan with Greece, European equity markets focused on continued signs of economic improvement, Reuters reported. The source noted robust private sector growth in France and Germany. “The market remains relatively nervous but clearly the recent …
The Alternative Investment Market ticked up 0.84 points to hit 710.33 points, which is a 0.12 percent increase. Despite Germany rejecting a financial support plan with Greece, European equity markets focused on continued signs of economic improvement, Reuters reported. The source noted robust private sector growth in France and Germany.
“The market remains relatively nervous but clearly the recent (developments) in peripheral debt markets and also in stocks at the moment favors a positive outcome,” said Patrick Jacq, European rates strategist for BNP Paribas.
The biggest gainer for the week was MX Oil (LSE:MXO), a resource company focused on the Mexican energy sector, which rose 29.11 percent to reach GBP2.55. Wolf Minerals (LSE:WLFE) also saw its share price rise this week, increasing 20.72 percent to reach GBP16.75. Wolf Minerals is a major developer of specialty metals, particularly tungsten, producing 3 percent of the global supply.
The top faller this week was Enegi Oil (LSE:ENEG), which dropped 15.56 percent to hit GBP0.95. Enegi is an independent oil and gas group operating in Atlantic Canada, Ireland and the U.K. The second biggest loser for the week was SolGold (LSE:SOLG). The mining company dropped 14.74 percent to reach GBP3.48.