Cambridge Index

Cambridge Index drops 3.1%

The Cambridge index declined 746.7 points or 3.1% to close at 23689.3, as index heavyweights such as Johnson Matthey and DS Smith posted weekly losses to their share prices. DS Smith, down 8.2%, announced in its trading update for the half year ended 31 October 2018, that it expects revenue and operating profit for the period to be slightly ahead from prior year figures, driven by volume growth in FMCG business and lower input costs. DS Smith also announced that the integration with Interstate Resources continues to be smooth and further expects completion of its proposed Europac acquisition by December 2018. Peel Hunt reconfirmed its “Buy” rating on the stock.

LPA Group, up 1.9%, announced in its trading update for the year ended 30 September 2018, that it anticipates full year results to be in line with market forecasts, with the sales witnessing record levels despite a slowdown in the CrossRail activity in the final quarter. LPA Lighting Systems received a contract worth £4m for the upgradation of lighting on London's Central and Waterloo & City lines rolling stock. Kier Group, up 0.7%, announced that it has been offered a contract to be a part of the Highways England's £8.7bn Regional Delivery Partnership framework for Band B projects for six years that exceeds £100m, covering the north west, north east, Yorkshire and Humberside. Greene King, up 0.5%, announced the resignation of its Chief Executive Officer, Rooney Anand, with effect from 30 April 2019. The company also stated that it has initiated the process of appointing his successor. Peel Hunt reissued its “Buy” rating on the stock.

Horizon Discovery Group, remained unchanged at 195p, announced that it has appointed Margarita Krivitski as the Non-Executive Director with immediate effect. Sareum Holdings, down 3.1%, announced in the third quarter 2018 results of Sierra Oncology, that it had made a significant progress in the development of SRA737 and the results of these trials are likely to be reported in the first half of 2019. Furthermore, the company stated that it continues to initiate the Phase 1b/2 trial of SRA737. Berenberg Bank reaffirmed its “Buy” rating on Frontier Developments, down 3.4%.

UK markets closed mostly lower last week, after the UK services PMI slid to a seven-month low level in October, while the nation’s visible trade deficit narrowed to a seven-month low level in September. UK gross domestic product climbed to its highest level in two-years in 3Q 2018. The British house price index advanced at its slowest pace in five years in the quarter ended October 2018. The nation’s industrial production remained flat in September. The FTSE 100 index advanced 0.2% to settle at 7105.3, while the FTSE AIM 100 index fell 0.1% to close at 5270.9. Meanwhile, the FTSE techMARK 100 index lost 0.3% to end at 4385.3.

US markets ended in the green in the previous week, following US consumer credit rising in September, while the nation’s producer price advanced by the most in six-years in October. The US services PMI climbed in October. US consumer sentiment index eased in November the nation’s mortgage applications eased in the week ended 02 November 2018. The DJIA index rose 2.8% to end at 25989.3, while the NASDAQ index gained 0.7% to close at 7406.9.


The Cambridge & FTSE AIM 100 Index Movement

Sector Break-up - Market Cap.

Sector Break-up - No. of Comps.

Index movers

Amino Technologies PLC

Amino Technologies PLC, a leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, jumped 2.8% to 129.5p

Bango PLC

Bango PLC, a developer and provider of technology for mobile phones, tumbled 9.4% to 120p.

Cambridge Cognition Holdings PLC

Cambridge Cognition Holdings PLC, which specialises in computerised neuropsychological tests, added 1.9% to 108.5p.

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, declined 8.2% to 357.8p. The company, in its trading update for the half year ended 31 October 2018, announced that it expects revenue and operating profit for the period to be slightly ahead from prior year figures, driven by volume growth in FMCG business and lower input costs. Moreover, DS Smith announced that the integration with Interstate Resources continues to be smooth and further expects completion of its proposed Europac acquisition until December 2018. Peel Hunt reconfirmed its “Buy” rating on the stock.

Gaming Realms PLC

Gaming Realms PLC (former PDX PLC), an online gaming operator, developing free-to-play and real-money products, dropped 4.9% to 5.9p.

LPA Group PLC

LPA Group PLC, a provider of electronic and electro mechanical systems, rose 1.9% to 108p. The company, in its trading update for the year ended 30 September 2018, announced that it anticipates full year results to be in line with market forecasts, with the sales witnessing record levels despite a slowdown in the CrossRail activity in the final quarter. Moreover, LPA Lighting Systems received a contract worth £4 million for the upgradation of lighting on London's Central and Waterloo & City lines rolling stock.

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 12.7% to 142p and emerged as the top gainer in the Cambridge Index.

Netcall PLC

Netcall PLC, a provider of call-back, auto-messaging and contact solutions, plummeted 9.9% to 50p and emerged as the top loser in the Cambridge Index.

Scientific Digital Imaging PLC

Scientific Digital Imaging PLC, a digital imaging technology company, climbed 4.4% to 41.8p.

Tristel PLC

Tristel PLC, a provider of infection control and water treatment products, fell 4.9% to 245p.

Other movers

Frontier Developments PLC

Frontier Developments PLC, a leading independent developer of video games, declined 3.4% to 966p. Berenberg Bank reaffirmed its “Buy” rating on the stock.

Greene King PLC

Shares of pub operator, Greene King PLC, edged 0.5% higher to 500p. The company announced the resignation of its Chief Executive Officer, Rooney Anand, with effect from 30 April 2019. Also, the company stated that it has initiated the process of appointing his successor. Peel Hunt reissued its “Buy” rating on the stock.

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, remained unchanged at 195p. The company announced that it has appointed Margarita Krivitski as the Non-Executive Director with immediate effect.

Kier Group PLC

Building, civil engineering and property development group, Kier Group PLC, rose 0.7% to 926.5p. The company announced that it has been offered a contract to be a part of the Highways England's £8.7 billion Regional Delivery Partnership framework for Band B projects for six years that exceeds £100 million in the north region covering the north west, north east, Yorkshire and Humberside. Further, Kier detailed that contractors would become delivery integration partners, designing and constructing motorway and major A-road projects across England.

Sareum Holdings PLC

Sareum Holdings PLC, which is engaged in the structure-based drug discovery business, slid 3.1% to 0.8p. The company, in the third quarter 2018 results of Sierra Oncology, announced that it had made a significant progress in the development of SRA737 and the result of these trails are likely to be reported in the first half of 2019. Furthermore, the company stated that it continues to initiate the Phase 1b/2 trial of SRA737 with the PARP inhibitor niraparib.

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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