Cambridge Index

Cambridge Index jumps 3.3%

The Cambridge index advanced 899.6 points or 3.3% to close at 28,249.9, as eight out of the top ten index heavyweights posted weekly gains to their share prices. Jefferies reconfirmed its “Hold” rating on DS Smith, up 2.6%, with a target price of 540p. Johnson Matthey, down 0.3%, announced the appointment of its Non-Executive Director, Alan Ferguson, as a Non-Executive Director of AngloGold Ashanti Limited with effect from 01 October 2018.

1Spatial, up 10.2%, announced that the shareholders have duly passed all resolutions in its Annual General Meeting, including its decision to consolidate every 10 existing ordinary shares of 1p each into one consolidated ordinary share of 10p each. Furthermore, 1Spatial successfully raised £8m through placing 22.7m shares at 37.5p each. Peel Hunt slashed its target price on Horizon Discovery Group, up 3.4%, to 177p from 181p and reissued its “Hold” rating.

Brady, unchanged at 66.5p, announced that it will release its interim results for the six months ended 30 June 2018 on 10 September 2018.

UK markets ended in the green last week, led by gains in commodity and financial sector stocks. In economic news, the UK government posted its biggest surplus in 18 years in July. Meanwhile, the British Rightmove house prices dropped on an annual basis in August, while the mortgage approvals unexpectedly eased in July. The FTSE 100 index advanced 0.3% to settle at 7577.49, while the FTSE AIM 100 index rose 1.5% to close at 5823.78. Meanwhile, the FTSE techMARK 100 index gained 0.6% to end at 4762.64.

US markets finished on a stronger footing in the previous week, after the US Federal Reserve’s (Fed) August monetary policy meeting minutes hinted prospects for an interest rate hike in September, amid strong US economy. On the data front, the US initial jobless claims surprisingly eased in the week ended 18 August. On the contrary, US manufacturing sector activity cooled to a 9-month low in August, while the nation’s services PMI fell to a 4-month low in the same month. Additionally, US new home sales surprisingly slid to its lowest level in 9 months in July. The DJIA index rose 0.5% to end at 25790.35, while the NASDAQ index gained 1.7% to close at 7945.975.


The Cambridge & FTSE AIM 100 Index Movement

Sector Break-up - Market Cap.

Sector Break-up - No. of Comps.

Index movers

1Spatial PLC

1Spatial PLC, the spatial big data company, which manages the world’s largest spatial data, surged 10.2% to 46.5p and emerged as the top gainer in the Cambridge index. The company announced that the shareholders have duly passed all resolutions in its Annual General Meeting, including its decision to consolidate every 10 existing ordinary shares of 1p each into one consolidated ordinary share of 10p each. Furthermore, 1Spatial successfully raised £8 million through placing 22.7 million shares at 37.5p each.

Cambridge Cognition Holdings PLC

Cambridge Cognition Holdings PLC, which specialises in computerised neuropsychological tests, plummeted 15.6% to 127.5p and emerged as the top loser in the Cambridge index.

Dialight PLC

Dialight PLC, a provider of electronic lighting and electromagnetic products, fell 2.2% to 528p.

Elektron Technology PLC

Elektron Technology PLC, a provider of fast moving engineered products, jumped 6.8% to 47p.

Frontier Developments PLC

Frontier Developments PLC, a leading independent developer of video games, declined 2.4% to 1000p.

Gaming Realms PLC

Gaming Realms PLC (former PDX PLC), an online gaming operator, developing free-to-play and real-money products, tumbled 6% to 8.2p.

Kier Group PLC

Building, civil engineering and property development group, Kier Group PLC, advanced 5.4% to 953p.

Quixant PLC

Quixant PLC, a provider of specialised gaming platforms designed for gaming and slot machine applications, climbed 6% to 445p.

Scientific Digital Imaging PLC

Scientific Digital Imaging PLC, a digital imaging technology company, dropped 4.1% to 40.8p.

Xaar PLC

Xaar PLC, a provider of inkjet printing technology, increased 5% to 250p.

Other movers

Brady PLC

Brady PLC, a provider of transaction and risk management solutions for metals and commodities, remained unchanged at 66.5p. The company announced that it will release its interim results for the six months ended 30 June 2018 on 10 September 2018.

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, jumped 2.6% to 507.8p. Jefferies reconfirmed its “Hold” rating on the stock with a target price of 540p.

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, advanced 3.4% to 196.5p. Peel Hunt slashed its target price on the stock to 177p from 181p and reissued its “Hold” rating.

Johnson Matthey PLC

Johnson Matthey PLC, a speciality chemicals company and leading provider of precious metal products and environmental technologies, edged 0.3% lower to 3554p. The company announced the appointment of its Non-Executive Director, Alan Ferguson, as a Non-Executive Director of AngloGold Ashanti Limited with effect from 01 October 2018.

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

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