Boku lifted by trading update

Shares in AIM-listed mobile payments firm Boku (LON:BOKU) moved upwards by 10.26% to 64.50p (as of 13:55 GMT) after payment volumes for January and February rose by 30% relative to last year. The number of active users also increased by 36%.

CEO Jon Prideaux commented: “Naturally we are concerned about the spread of Coronavirus and feel for those people affected. The recent growth we have seen in those countries that are most affected has been higher than in those where the virus has had a more limited impact so far*. This could be correlation rather than causation, but, in general, the more time people spend indoors, the more our platform is utilised. If large numbers of people are forced to self isolate we would predict that, as already seen in China#, this would lead to an increase in the usage of online games and streaming services.

“We look forward to providing further updates at the time of the release of our audited 2019 results at the end of March 2020 and remain confident of meeting market expectations for the current year“.