PLUS Stock Exchange (PLUS-SX), the cash trading and listing venue, reports that its growth market has maintained momentum during the third quarter of 2011.
Between July to September, six new companies joined the market, including Armscote Investments and Pall Mall Resources operating in the mining and metals sector.
Funds raised by PLUS-SX companies grew by 128% when compared to Q3 2010 (rising from Â£4.66 million to Â£10.65 million). Total funds raised for the year to the end of September 2011 stands at Â£34.86 million, a rise of 160% on the first three quarters of 2010 (Â£13.42 million).
Trading in PLUS-SX Securities
In Q3 2011 trading in PLUS-SX securities increased by 85% on the same period last year. From January to the end of September 2011, trading in these securities grew by 136% when compared to the first three quarters of 2010. Between July and September 2011, the five most heavily traded active PLUS-SX companies by value were:
Top five companies by value traded | Value traded (GBP)
Arsenal Holdings plc | 2,819,300
Ascot Mining plc | 1,863,544
Shepherd Neame Ltd | 1,522,304
Teknomining plc | 988,455
Eden Research | 770,633
Raising the Visibility and Liquidity of PLUS-SX Companies
In September PLUS Analytix, a web-based service designed to increase the visibility and liquidity of issuers and investors, was launched on Interactive Investor, the online retail stockbroker. PLUS Analytix is an analytical tool providing the factual information investors typically use when reaching investment decisions, such as price/earnings ratios, performance against sector and trend analysis.
PLUS also announced details of its autumn programme of Investor Roadshows. These events are designed to showcase the investment opportunities on PLUS-SX to investors and brokers. The latest event took place at The May Fair Hotel in London on 11 October.
Vivienne Cassley from PLUS-SX, said: âDespite the market for IPOs remaining difficult, we have done well to maintain our momentum in challenging times. We are very encouraged by the growth in funds raised by our companies and the high level of trading in PLUS-SX securities. We believe PLUS-SX is well positioned for growth with a pipeline of good quality companies waiting to be admitted.
âOur growth market is at the heart of PLUS-SXâs business and we are committed to supporting its development and the growth of the companies listed there. That is why we have developed services like PLUS Analytix and are working on a number of other initiatives including the expansion of online trading for PLUS-SX stocks. These initiatives are designed to sustain a virtuous circle of visibility, liquidity and investment.â