(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
----------
AIM - WINNERS
----------
FD Technologies PLC, up 26% at 1,913.00 pence, 12-month range 1,276.14p-2,995.00p. The financial markets technology provider enters into partnership agreement with Microsoft Inc to expand reach of its KX Insights streaming data analytics platform. KX Insights will be embedded natively on the Microsoft Azure platform with KX generating revenue based on consumption, FD says. "Microsoft's intention in leveraging KX's dominance in capital markets to co-develop product will become a symbiotic win. We agree with management that this is one of the more significant pieces of news to have come from FD Tech, which remains undervalued," analysts at Peel Hunt comment.
----------
Calnex Solutions PLC, up 14% at 134.92p, 12-month range 90.16p-154.00p. The telecommunications test and measurement solutions provider saw strong levels of trading in the first six months of financial year and expects results for year ending March 31 to be in line with market expectations. Calnex says it will begin financial 2023 with record order book across all product lines. As such, anticipates revenue and operating profit for financial 2023 will be materially ahead of market expectations.
----------
7digital Group PLC, up 12% at 0.39p, 12-month range 0.30p-1.92p. The music licensing provider signs contract with an existing B2B music streaming service customer, worth a minimum of EUR2.2 million over a three-year period.
----------
AIM - LOSERS
----------
essensys PLC, down 49% at 125.90p, 12-month range 125.90p-310.00p. Shares hit 12-month low as flexible workspace industry software provider says expansion and acceleration of its go-to-market activities has been delayed by "continued Covid related uncertainty". Explains this has also resulted in extended sales cycles leading to lower-than-anticipated sales bookings year-to-date. As a result, it warns trading for financial 2022 is expected to be below current consensus market expectations.
----------
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
FD Technologies (FDP)
Calnex Solutio. (CLX)
Essensys (ESYS)