Cambridge Index

Cambridge Index adds 0.8%

The Cambridge index rose 203.8 points or 0.8% to close at 24199.7, as index heavyweights such as Johnson Matthey, AVEVA Group and Abcam posted weekly gains to their share prices. Johnson Matthey, up 1.4%, announced that it has purchased a plot in Poland to expand its eLNO (lithium nickel oxide) manufacturing capacity. Furthermore, the company announced a 10-year contract with Nemaska Lithium Inc. for supplying lithium hydroxide, used in the manufacturing of eLNO. Today, the company named Dr Xiaozhi Liu as the Non-Executive Director with effect from 02 April 2019. DS Smith, down 1.9%, announced that it has received a contract from the courier company, TNT Express, for making a new courier box with customised plastic packaging. Berenberg Bank reconfirmed its “Buy” rating on the stock with a target price of 500p. Abcam, up 3.5%, announced that it has appointed Marc Perkins as an Interim Company Secretary to succeed Suzanne Smith, with immediate effect. Peel Hunt reissued its “Buy” rating on the stock.

Amino Technologies, up 4.9%, announced a deal with selected Original Design Manufacturers (ODM) for providing its AminoOS software to ODM devices for a top-tier pay-TV operator from June 2019 in the Asia-Pacific region. Separately, the company announced the appointment of Karen Bach, Non-Executive Director, as the Non-Executive Chairman with immediate effect, following the immediate retirement of Keith Todd. Moreover, the firm named Steve Vaughan and Erika Schraner as the Non-Executive Directors of the company. Today, the company announced that it received a Google Operator Tier Android certification for its next-generation devices. Brady, up 1.8%, announced that its annual revenues rose to £23.2m in 2018 from £22.2m in 2017, while its loss before tax significantly narrowed to £1.1m from £7.0m. Also, its basic loss per share declined to 2.5p from 10.5p in the last year.

RhythmOne, down 3.1%, announced that it plans to abort the registration of its ordinary shares under the Securities Exchange Act, 1934. Horizon Discovery Group, down 8.6%, announced an agreement with St George’s University Hospital and European Molecular Genetics Quality Network for creating reference material for non-invasive prenatal testing. Quixant, down 11%, announced that its FY2018 revenues jumped 5% to $115.2m from $109.2m reported in the last year. However, its profit before tax dropped to $14.3m from $15.1m reported in 2017. The company’s board proposed a final dividend of 3.1p per share. Peel Hunt dropped its target price on the stock to 400p from 500p and gave a “Buy” rating. Tristel, down 11.3%, today announced that Shanghai Centre for Disease Control and Prevention has approved its Duo High-Level disinfectant in China, while the Korean Ministry of Food and Drug Safety has approved its Sporicidal Wipe in South Korea.

UK markets ended in the green in the prior week, supported by gains in mining and energy sector stocks. UK house prices dropped for the first time since 2012 in March, while the nation’s mortgage approvals fell in February. Meanwhile, the British economy expanded as expected in the fourth quarter. The FTSE 100 index advanced 1% to settle at 7279.2, while the FTSE AIM 100 index rose 1.5% to close at 4793.8. Meanwhile, the FTSE techMARK 100 index gained 0.3% to end at 4773.7.

US markets closed higher in the last week, as investor sentiment was lifted by progressive talks related to US-China trade deal. The US housing starts dropped to an 8-month low in February, while the US economy slowed more than initially expected in the fourth quarter. Meanwhile, the US trade deficit narrowed by the most in 10 months in January, while the nation’s new home sales jumped to an 11-month high in February. The Michigan consumer sentiment index rose more than expected in March. The DJIA index rose 1.7% to end at 25928.7, while the NASDAQ index gained 1.1% to close at 7729.3.


The Cambridge & FTSE AIM 100 Index Movement

Sector Break-up - Market Cap.

Sector Break-up - No. of Comps.

Index movers

Abcam PLC

Abcam PLC, a producer and distributor of research-grade antibodies, rose 3.5% to 1135p. The company announced that it has appointed Marc Perkins as an Interim Company Secretary to succeed Suzanne Smith, with immediate effect. Peel Hunt reissued its “Buy” rating on the stock.

Amino Technologies PLC

Amino Technologies PLC, a leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, climbed 4.9% to 85p. The company announced that it has signed a deal with selected Original Design Manufacturers (ODM) for providing its AminoOS software to ODM devices for a top-tier pay-TV operator from June 2019 in the Asia-Pacific region. Separately, the company announced the appointment of Karen Bach, Non-Executive Director, as the Non-Executive Chairman with immediate effect, following the immediate retirement of Keith Todd. Moreover, the firm named Steve Vaughan and Erika Schraner as the Non-Executive Directors of the company. Today, the company announced that it has received a Google Operator Tier Android certification for its next-generation devices. FinnCap restated its “Corporate” rating on the stock.

AVEVA Group PLC

Engineering technology company, AVEVA Group PLC, jumped 5.4% to 3226p.

Bango PLC

Bango PLC, a developer and provider of technology for mobile phones, rallied 14.6% to 110p and emerged as the top gainer in the Cambridge Index.

Gaming Realms PLC

Gaming Realms PLC (former PDX PLC), an online gaming operator, developing free-to-play and real-money products, advanced 3.7% to 4.2p.

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, declined 8.6% to 149p. The company announced that it has entered into an agreement with St George’s University Hospital and European Molecular Genetics Quality Network for creating reference material for non-invasive prenatal testing.

Kier Group PLC

Building, civil engineering and property development group, Kier Group PLC, dropped 6.3% to 363.2p.

Quixant PLC

Quixant PLC, a provider of specialised gaming platforms designed for gaming and slot machine applications, tumbled 11% to 296p. The company, in its final results for the year ended 31 December 2018, announced that revenues increased 5% to $115.2 million from $109.2 million reported in the last year. However, its profit before tax dropped to $14.3 million from $15.1 million reported in 2017. The company’s board proposed a final dividend of 3.1p per share, payable on 10 May 2019 to shareholders on the register as at 23 April 2019. Peel Hunt slashed its target price on the stock to 400p from 500p and gave a “Buy” rating.

Tristel PLC

Tristel PLC, a provider of infection control and water treatment products, plummeted 11.3% to 275p and emerged as the top loser in the Cambridge Index. Today, the company announced that Shanghai Centre for Disease Control and Prevention has approved its Duo High-Level disinfectant in China, while the Korean Ministry of Food and Drug Safety has approved its Sporicidal Wipe in South Korea.

Xaar PLC

Xaar PLC, a provider of inkjet printing technology, slumped 10.3% to 105.8p.

Other movers

Brady PLC

Brady PLC, a provider of transaction and risk management solutions for metals and commodities, edged 1.8% higher to 57.5p. The company, in its preliminary results for the year ended 31 December 2018, announced that revenues rose to £23.2 million from £22.2 million in the previous year, while its loss before tax significantly narrowed to £1.1 million from £7.0 million in the prior year. Also, its basic loss per share declined to 2.5p from 10.5p in the last year.

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, fell 1.9% to 335.9p. The company announced that it has received a contract from the courier company, TNT Express, for making a new courier box with customised plastic packaging to meet the extreme transportation conditions during mail picking and logistic handling services as well as reduce carriage costs. Berenberg Bank reconfirmed its “Buy” rating on the stock with a target price of 500p.

Johnson Matthey PLC

Johnson Matthey PLC, a speciality chemicals company and leading provider of precious metal products and environmental technologies, rose 1.4% to 3142p. The company announced that it has purchased a 43-hectare plot in Konin, Poland for expanding its eLNO manufacturing capacity to around 100,000 MT per annum. Furthermore, the company announced a 10-year contract with Nemaska Lithium Inc. for supplying lithium hydroxide, used in the manufacturing of eLNO. Today, the company named Dr Xiaozhi Liu as the Non-Executive Director with effect from 02 April 2019.

RhythmOne PLC

RhythmOne PLC (former Blinkx PLC), the leading video search engine, eased 3.1% to 169.5p. The company announced that it plans to abort the registration of its ordinary shares under the Securities Exchange Act, 1934, which permits a foreign private issuer to terminate the registration of a class of securities under Act, if it meets certain requirements.

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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