ASOS, Boohoo and video game makers help AIM outperform London Stock Exchange’s main market since Covid hit
ASOS, Boohoo and video game makers have helped AIM outperform the London Stock Exchange’s main market since Covid hit.
The value of the junior market’s all-share index grew by 22 per cent in the year to January 31, compared with the year before.
On the rise: The value of the junior market’s all-share index grew by 22 per cent in the year to January 31
But the FTSE all-share index fell by 10 per cent, according to figures from accounting group UHY-Hacker Young.
AIM is popular with smaller groups that are eager to raise cash – but some larger firms are listed on there too.
Dan Hutson, of UHY Hacker Young’, said the soaring share prices of tech companies that thrived during the lockdowns helped drive the growth.