Aim-listed Scottish shares trail Footsie

SHARES in Scottish companies listed on the Alternative Investment Market (Aim) rose by 5.3 per cent during the first quarter of 2010, compared with a 7.5 per cent rise in the FTSE Aim All-Share index, according to analysis by accountant and business adviser PKF.

During the period, the Scottish Aim sector gained one company when Scotgold listed on 24 February, but also lost a firm the following day when Sovereign Oilfields was placed in administration.

Of the 28 Scottish firms now listed on Aim, 16 saw their shares fall during the first three months of 2010 and 11 saw them rise.