Cambridge Index

Cambridge Index declines 4.5%

The Cambridge index fell 1273.4 points or 4.5% to close at 26726.5, as the top seven index heavyweights posted weekly losses to their share prices. Peel Hunt reissued its “Hold” rating on Abcam, down 5.7%.

Amino Technologies, up 1.9%, announced that it has received a contract from its existing customer, T-Mobile Netherlands, to deliver an 'upcycling' programme by using AminoOS software along with integrated media players to enhance the TV experience. Today, the company, in its trading update for the year ending 30 November 2018, announced that it anticipates full year adjusted profit before tax to be around $11.5m. FinnCap reiterated its “Corporate” rating on the stock. Liberum Capital downgraded its “Buy” rating on the stock. Peel Hunt restated its “Hold” rating on Horizon Discovery Group, up 1.4%. 1Spatial, unchanged at 44p, announced that its interim results for the six months ended 31 July 2018 will be published on 23 October 2018. Sareum Holdings, unchanged at 0.8p, announced, in its final results for the year ended 30 June 2018, that it reported a loss before tax of £1.7m, compared to a profit of £0.35m in the previous year. Moreover, its basic loss per share came in at 0.05p, against earnings of 0.015p in the prior year. Additionally, the company stated that Sierra Oncology reported significant progress with its clinical development programmes for the Chk1 inhibitor in patients with advanced cancer as well as internal TYK2/JAK1 inhibitor programmes in autoimmune diseases and cancer, with first human trials expected in 2020.

LPA Group, unchanged at 111p, announced the appointment of Paul Curtis as an Executive Director and Chief Operating Officer, along with its former Chief Executive, Peter Pollock, as the Chairman, with immediate effect. Furthermore, the company stated that Michael Rusch was promoted as the Group President, while Len Porter continues to be Senior Non-Executive Director and Chair of the Audit and Remuneration Committees. Moreover, Chris Buckenham will continue to serve as Chief Financial Officer and Company Secretary. Peel Hunt restated its “Buy” rating on Kier Group, down 1.4%. Peel Hunt reiterated its “Buy” rating on Frontier Developments, down 4.9%.

UK markets closed on a weaker footing last week, led by losses in mining and financial sector stocks. In economic news, UK’s construction PMI surprisingly declined to a 6-month low in September, while the services PMI dropped in the same month. Moreover, the nation’s house prices eased by its fastest pace in 6 months in September. Meanwhile, the British manufacturing PMI unexpectedly advanced in September, whereas the mortgage approvals rose in August. The FTSE 100 index declined 2.6% to settle at 7318.54, while the FTSE AIM 100 index fell 3.6% to close at 5660.74. Meanwhile, the FTSE techMARK 100 index lost 2.4% to end at 4595.74.

US markets ended lower in the previous week, following a rise in the US treasury yields and amid decline in technology sector stocks. On the data front, the US non-farm payrolls advanced less than expected in September, while the ISM manufacturing PMI eased in the same month. On the contrary, the private sector employment climbed to a 7-month high in September, while the ISM non-manufacturing PMI surged to its highest level in 21 years in the same month. Additionally, US factory orders advanced to a 11-month high in August, while the nation’s unemployment rate fell to its lowest level since 1969 in September. The DJIA index marginally fell to end at 26447.05, while the NASDAQ index lost 3.2% to close at 7788.45.


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, rose 1.9% to 211.5p. The company announced that it has received a contract from its existing customer, T-Mobile Netherlands, to deliver an 'upcycling' programme by using AminoOS software along with integrated media players to enhance the TV experience. Today, the company, in its trading update for the year ending 30 November 2018, announced that it anticipates full year adjusted profit before tax to be around $11.5 million. FinnCap reiterated its “Corporate” rating on the stock. Liberum Capital downgraded its “Buy” rating on the stock.

AVEVA Group PLC

Engineering technology company, AVEVA Group PLC, declined 6.8% to 2696p.

CyanConnode Holdings PLC

CyanConnode Holdings PLC, the integrated software solution provider for utility metering and lighting control, rallied 17.4% to 15.4p and emerged as the top gainer in the Cambridge Index.

Dialight PLC

Dialight PLC, a provider of electronic lighting and electromagnetic products, eased 6.7% to 444p.

Gaming Realms PLC

Gaming Realms PLC (former PDX PLC), an online gaming operator, developing free-to-play and real-money products, tumbled 8.6% to 5.9p.

Quixant PLC

Quixant PLC, a provider of specialised gaming platforms designed for gaming and slot machine applications, jumped 4.1% to 447.5p.

RhythmOne PLC

RhythmOne PLC (former Blinkx PLC), the leading video search engine, plummeted 11.6% to 196.2p and emerged as the top loser in the Cambridge Index.

Tristel PLC

Tristel PLC, a provider of infection control and water treatment products, advanced 2.5% to 309.5p.

Ubisense Group PLC

Ubisense Group PLC, a market leader of real-time location solutions, slumped 7.5% to 61.5p.

Xaar PLC

Xaar PLC, a provider of inkjet printing technology, climbed 3.3% to 169.4p.

Other movers

1Spatial PLC

1Spatial PLC, the spatial big data company, which manages the world’s largest spatial data, remained unchanged at 44p.The company announced that its interim results for the six months ended 31 July 2018 will be published on 23 October 2018.

Abcam PLC

Abcam PLC, a producer and distributor of research-grade antibodies, dropped 5.7% to 1351p. Peel Hunt reissued its “Hold” rating on the stock.

Frontier Developments PLC

Frontier Developments PLC, a leading independent developer of video games, slipped 4.9% to 1270p. Peel Hunt reiterated 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, advanced 1.4% to 213p. Peel Hunt restated its “Hold” rating on the stock.

Kier Group PLC

Building, civil engineering and property development group, Kier Group PLC, fell 1.4% to 893p. Peel Hunt restated its “Buy” rating on the stock.

LPA Group PLC

LPA Group PLC, a provider of electronic and electro mechanical systems, remained unchanged at 111p. The company announced the appointment of Paul Curtis as an Executive Director and Chief Operating Officer, along with its former Chief Executive, Peter Pollock, as the Chairman, with immediate effect. Furthermore, the company stated that Michael Rusch was promoted as the Group President, while Len Porter continues to be Senior Non-Executive Director and Chair of the Audit and Remuneration Committees. Moreover, Chris Buckenham will continue to serve as Chief Financial Officer and Company Secretary.

Sareum Holdings PLC

Sareum Holdings PLC, which is engaged in the structure-based drug discovery business, remained unchanged at 0.8p. The company, its final results for the year ended 30 June 2018, announced that it reported a loss before tax of £1.7 million, compared to a profit of £0.35 million in the previous year. Moreover, its basic loss per share came in at 0.05p, against earnings of 0.015p in the prior year. Additionally, the company stated that Sierra Oncology reported significant progress with its clinical development programmes for the Chk1 inhibitor in patients with advanced cancer as well as internal TYK2/JAK1 inhibitor programmes in autoimmune diseases and cancer, with first human trials expected in 2020.

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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