Cambridge Index

Cambridge Index falls 2.6%

The Cambridge index eased 2.6% or 682.4 points to settle at 25,112.3, as eight out of the top ten index heavyweights posted weekly losses to their share prices. Panmure Gordon reaffirmed its “Sell” rating on Abcam, down 4.1%, with a target price of 640p.

Macquarie raised its target price on Dialight, up 0.4%, to 724p from 519p and maintained its “Neutral” rating.

Numis Securities restated its “Buy” rating on Horizon Discovery Group, down 1.2%, with a target price of 260p. Brady, down 1.9%, announced that RWE Supply and Trading, a leading European energy trading company, has extended its current license to use Brady’s Credit Risk software for another five years on an annual recurring fee arrangement. Bango, down 4.3%, announced today that it has launched a new payment option of Direct Carrier Billing for Amazon Prime and Prime Student membership programmes in Japan. Peel Hunt reiterated its “Buy” rating on Kier Group, down 5%, with a target price of 1600p. RhythmOne, down 6.1% announced that it has secured a senior revolving credit facility from Silicon Valley Bank, providing RhythmOne up to $25m of capital to back its future strategic initiatives. They also announced the incorporation of its end-to-end programmatic platform with RadiumOne's data-driven marketing technology and solutions under RhythmOne’s brand name.

UK markets ended lower in the previous week, led by decline in retail sector stocks amidst a drop in the UK’s retail sales at its fastest pace since October 2008. The nation’s industrial and manufacturing production data, however, jumped to its highest level since December 2016 for the month of September, while the Halifax house prices for October rose at its strongest pace in 2017. The FTSE techMARK 100 index declined 4% to end at 4,593.4, while the FTSE 100 index dropped 1.7% to settle at 7,433. The FTSE AIM 100 index fell 1.4% to close at 5,286.1.

US markets finished down in the last week, on the back of growing concerns over the delay in the implementation of the US corporate tax cut until 2019. The US Michigan consumer sentiment index surprisingly fell from a thirteen-year high in November. The number of Americans filing for unemployment benefits advanced more-than-expected in the previous week. The DJIA index eased 0.5% to end at 23,422.2, while the NASDAQ index lost 0.2% to close at 6,750.9.


The Cambridge & FTSE AIM 100 Index Movement

Sector Break-up - Market Cap.

Sector Break-up - No. of Comps.

Index movers

Bango PLC

Bango PLC, a developer and provider of technology for mobile phones, edged 4.3% lower to 224.5p. Today, the company announced that it has launched a new payment option of Direct Carrier Billing for Amazon Prime and Prime Student membership programmes in Japan.

Elektron Technology PLC

Elektron Technology PLC, a provider of fast moving engineered products dropped 5.8% to 18.3p.

Frontier Developments PLC

Frontier Developments PLC, a leading independent developer of video games, surged 13.1% to 1156.0p and emerged as the top gainer in the Cambridge Index. FinnCap reissued its “Corporate” rating on the stock with a target price of 1332.0p.

Kier Group PLC

Building, civil engineering and property development group, Kier Group PLC, fell 5.0% to 1036.0p. Peel Hunt reiterated its “Buy” rating on the stock with a target price of 1600.0p.

Marshall Motor Holdings PLC

Marshall Motor Holdings PLC, one of the UK's leading automotive retail and leasing groups representing a unique portfolio of prestige and volume brands and with the highest brand coverage of any dealer group in the UK, advanced 4.9% to 161.5p.

Quixant PLC

Quixant PLC, a provider of specialised gaming platforms designed for gaming and slot machine applications, climbed 4.2% to 432.5p. FinnCap reaffirmed its “Corporate” rating on the stock with a target price of 500.0p.

RhythmOne PLC

RhythmOne PLC (former Blinkx PLC), the leading video search engine, declined 6.1% to 249.8p and emerged as the top loser in the Cambridge Index. The company announced that it has secured a senior revolving credit facility from Silicon Valley Bank, providing RhythmOne up to $25.0 million of capital to back its future strategic initiatives. Separately, the company announced the amalgamation of its end-to-end programmatic platform with RadiumOne's data-driven marketing technology and solutions under the company’s brand name.

Tristel PLC

Tristel PLC, a provider of infection control and water treatment products, jumped 6.6% to 298.5p.

Ubisense Group PLC

Ubisense Group PLC, a market leader of real-time location solutions, edged 2.5% higher to 40.5p.

Xaar PLC

Xaar PLC, a provider of inkjet printing technology, eased 5.2% to 474.0p.

Other movers

Abcam PLC

Abcam PLC, a producer and distributor of research-grade antibodies, declined 4.1% to 999.0p. Panmure Gordon reaffirmed its “Sell” rating on the stock with a target price of 640.0p.

Amino Technologies PLC

Amino Technologies PLC, a leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, edged 0.5% lower to 186.0p. FinnCap reissued its “Corporate” rating on the stock with a target price of 200.0p.

Brady PLC

Brady PLC, a provider of transaction and risk management solutions for metals and commodities, lost 1.9% to 65.3p. The company announced that RWE Supply and Trading, a leading European energy trading company, has extended its current license to use Brady’s Credit Risk software for another five years on an annual recurring fee arrangement.

CyanConnode Holdings PLC

CyanConnode Holdings PLC, the integrated software solution provider for utility metering and lighting control, fell 0.9% to 26.5p. FinnCap restated its “Corporate” rating on the stock.

Dialight PLC

Dialight PLC, a provider of electronic lighting and electromagnetic products, rose 0.4% to 675.0p. Macquarie raised its target price on the stock to 724.0p from 519.0p and maintained its “Neutral” rating.

Horizon Discovery Group PLC

Horizon Discovery Group PLC, the life science company supplying research tools to organisations engaged in genomics research and the development of personalised medicines, fell 1.2% to 254.0p. Numis Securities restated its “Buy” rating on the stock with a target price of 260.0p.

Netcall PLC

Netcall PLC, a provider of call-back, auto-messaging and contact solutions, declined 2.4% to 41.0p. FinnCap reissued its “Corporate” rating on the stock with a target price of 70.0p.

The Cambridge & FTSE AIM 100 Index Movement

Sector Break-up - Market Cap.

Sector Break-up - No. of Comps.

Table 1 Cambridge Index  Weekly Top 5 Gainers

Table 2 Cambridge Index  Weekly Top 5 Losers

Table 3 Cambridge Index  Top 5 Weights

Subscribe to our newsletter to receive all the latest insights direct to your inbox