It has been a painful week for investors as global equities have plummeted into the red amid concerns about high valuations, the  trade war and US interest rates.

It appears investors are regaining their risk appetite as the FTSE 100 alongside stock markets in Europe and Asia are starting to bounce back.

Which stocks are catching investors’ eye?

Topping the list of FTSE 350 risers is Hungarian airline Wizz Air (WIZZ), up 7.4% at £24.96, as investors snub the likes of embattled Ryanair (RYA) and EasyJet (EZJ) for exposure to the sector.

Also in demand is tech-focused Scottish Mortgage Trust (SMT), which has the likes of Tesla, Alibaba, Netflix and Amazon.com in its top ten holdings.

Shares in Scottish Mortgage have sparked 5.3% higher to 478.6p.

Following the sell-off investors turned to ‘safe havens’ such as precious metals, helping to drive shares higher in FTSE 100 miners Randgold Resources (RRS) and Fresnillo (FRES).

Among the biggest FTSE 350 fallers are cigarette sellers Imperial Brands (IMB) and British American Tobacco (BATS) as concerns over competitive threats and regulation weigh on the shares.

WHICH AIM STOCKS ARE BARGAIN HUNTERS TARGETING?

TV and film broadcasting services business Zoo Digital (ZOO:AIM) has continued its impressive run, rallying 14% to 102p. Over the last five years, the shares have nearly risen ten-fold from 11.2p.

Investors piled into popular AIM star Keywords Studios (KWS:AIM), which has been growing via its build and buy strategy.

Shares in Keywords jumped 10.7% to £15.70.

Despite a recent profit warning, the market was feeling brave enough to return to fashion retailer Quiz (QUIZ:AIM), which rose 10% to 57.6p.


Issue Date: 12 Oct 2018