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AIM Market Wrap: KEFI Minerals, Thor Mining, Landore, Europa Oil & Gas, Zoo Digital, Herencia

9th Sep 2010, 4:09 pm AIM Market Wrap: KEFI Minerals, Thor Mining, Landore, Europa Oil & Gas, Zoo Digital, Herencia

It has been a busy news day at the junior end of the market, with several stocks showing big gains on London’s AIM market.

That said, it no news at all for both Kefi Minerals (LON:KEFI) and Thor Mining (LON:THOR) to soar 25% higher.

Finders Resources (LON:FND) jumped around 23%, after a high-grade gold find in Sumatra. Initial interpretation suggests that Finders could be at the top of a large gold system, which may have potential for additional discoveries at depth.

Canadian metals explorer Landore Resources (LON:LND) and Europa Oil & Gas (LON:EOG) both surged around 15%.

Europa was boosted by a positive update from its joint venture partner in Romania, Aurelian Oil & Gas (LON:AUL). At the partners’ Brodina concession, Aurelian upped its assessment of the prospective gas resource. The partners have also identified a number of new prospects and leads across their interests in Romania, following seismic data surveys.

Specialist media software firm Zoo Digital (LON:ZOO) advanced almost 14% higher, with the news that a major Hollywood movie studio is going to use the company’s new iTunes toolkit to produce downloadable content.

Herencia Resources (LON:HER) added almost 12%. This afternoon the company released a positive half-yearly financial report.

European Nickel (LON:ENK, ASX:ENK) non-executive director Neil Herbert bought 900,000 shares in the company at £0.24 each. The shares were up almost 9% today.

Diamondcorp (LON:DCP), Horizonte Minerals (LON:HZM) and Shanta Gold (LON:SHG) each added 6%.

Kalahari Minerals (LON:KAH) moved up nearly 5%, after its 41.15%-owned associate Extract Resources’ (ASX:EXT, TSX:EXT, NSX: EXT) reported a possible high-grade extension to the world-class Rössing South uranium deposit in Namibia.

Cluff Gold (LON:CLF) rose by 2%, the company said it remains on track to produce 100,000oz of gold in 2010. In its first half trading update, the company revealed a 56% year-on-year increase in gold production to 52,109oz.

Gulfsands Petroleum’s (LON:GPX) told investors that it may significantly increase daily production from the Yousefieh oilfield in Syria, after the completion of a horizontal development well.

Meanwhile, in the 'Big-cap' area, the FTSE100 has climbed progressively throughout the day, reaching a 4-month high at 5,505. Thursday’s rally saw the FTSE100 gain 1.5%, up 76pts.

The Bank of England had no surprises for investors, and the rate decision came and went with little fuss. The Monetary Policy Committee (MPC) voted to hold the key lending rate at 0.5 percent - the level it has now held for the 18months running.

The banks and miners led the rally, accounting for 7 of the top 10 risers. The notable exception was ARM Holdings (LON:ARM), as the specialist semi-conductor  group continued its strong recent form – which has largely been driven by a new product launch.

ARM advanced almost 6%, to trade at an intraday high of 416p per share.

Barclays (LON:BARC) gained over 5%, at 323.65p, followed by Vedanta (LON:VED), Xstrata (LON:XTA), Royal Bank of Scotland (LON:RBS) and Lloyds (LON:LLOY) who all rose around 3.5%.

BP (LON:BP) followed the market high climbing almost 1.5%, despite coming under fire in the latest PR-tussle in America. Yesterday’s internal report on the Gulf of Mexico oil spill  tried to apportion some of the blame on some of the other company’s involved with the Macondo well, and the explosion of Transocean’s Deepwater Horizon rig.

American politicians, environmentalist group’s and, predictably, Halliburton and Transocean have since spoken out in disagreement with the oil giant’s claim.

Also, BP confirmed that Hayward is due in front of the UK government’s Energy and Climate Change Select Committee next week, on the 15th September.

Elsewhere, on the leader board Renishaw (LON:RSW) jumped over 15%, adding 128p to trade at £10.05. The specialist technology firm was buoyed by a ‘very positive’ start to the new financial year, which has seen ‘strong demand’ for Renishaw’s metrology products.

Fenner (LON:FENR) and Premier Farnell (LON:PFL) were are up strongly, each gaining around 6.5%.

Among the London’s ‘losers’, Home Retail (LON:HOME) slid almost 4% after it warned that full-year profits  would be between 20-25% lower than expected, falling within the ‘bottom half of the current analyst range’, at around £250-275m.

Thursday’s other notable fallers include Aveva (LON:AVV), which dropped 5%, as well as Redrow (LON:RDW) and Yell (LON:YELL) dropping around 3% each.

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