Cambridge Index

Cambridge Index climbs 1.3%

The Cambridge index advanced 340.4 points or 1.3% to close at 25572.9, as eight out of the top ten index heavyweights posted weekly gains to their share prices. AVEVA Group, up 2.3%, in its trading update for the year ended 31 March 2019, announced that it delivered a strong performance in the fourth quarter, resulting in low double-digit revenue growth. It also witnessed an improvement in its operating margins, despite rising costs. The company will release its full-year results on 29 May 2019. JPMorgan Chase increased its target price on the stock to 3400p from 3000p and gave the stock an “Overweight” rating. DS Smith, up 0.2%, announced that it has signed a €63m deal for selling its North Western France and Portugal packaging business to International Paper. Separately, the company announced the appointment of its current Group Finance Director, Adrian Marsh, as the Non-Executive Director of John Wood Group, with effect from 10 May 2019.

Kier Group, up 2.8%, announced that Andrew Davies has been appointed as the Chief Executive Officer of the company, and Philip Cox will resume the role of a Non-Executive Chairman. Andrew will lead a strategic review of the group to simplify the business in the near term. Dialight, up 3.1%, in its trading update, announced that the group recorded a positive trend in its recovery and remained focused over its operational problems. Furthermore, its exit from the former manufacturing partnership deal is likely to conclude by the end of H1 2019. Meanwhile, the company’s expectations of further progress in 2019 remains unchanged, with the Group's results to be heavily weighted towards the second half of the year. The results for the half year ending 30 June 2019 are expected to be released on 05 August 2019.

Sareum Holdings, down 3.4%, announced that two abstracts regarding updated clinical data from ongoing Phase I/IIa trials with SRA737 will be presented at the American Society of Clinical Oncology Annual Meeting in Chicago, USA.

UK markets closed in the positive territory last week, amid gains in financial stocks. UK retail sales grew at its fastest pace since October 2016 in March, while the unemployment rate remained unchanged at its lowest level since 1974 in the three months to February. Meanwhile, British house prices advanced at their slowest pace in more than six years in March, while the annual inflation climbed less than expected in the same month. The FTSE 100 index advanced 0.3% to settle at 7459.9, while the FTSE AIM 100 index rose 1.7% to close at 5031.2. The FTSE techMARK 100 index gained 0.1% to end at 4880.4.

US markets ended higher in the previous week, buoyed by gains in industrial and technology sector stocks. Advance retail sales in the US accelerated at its fastest pace since September 2017 in March, while the nation’s trade deficit fell to an eight-month low in February. Moreover, the housing market index climbed to its highest level in six months in April. US services PMI dropped more than expected in April, whereas housing starts fell to a nearly two-year low in March. The Federal Reserve’s latest Beige Book report indicated that the US economy expanded at a modest-to-moderate pace in March and early April. The DJIA index rose 0.6% to end at 26559.5, while the NASDAQ index gained 0.2% to close at 7998.1.


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, soared 9.3% to 118p.

Cambridge Cognition Holdings PLC

Cambridge Cognition Holdings PLC, which specialises in computerised neuropsychological tests, dropped 2.9% to 67p.

Elektron Technology PLC

Elektron Technology PLC, a provider of fast-moving engineered products, surged 9.3% to 41p 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, fell 1.6% to 4.2p.

IQGeo Group PLC

IQGeo Group PLC (former Ubisense Group PLC), a market leader of real-time location solutions, plummeted 8.2% to 44.5p and emerged as the top loser in the Cambridge Index.

Netcall PLC

Netcall PLC, a provider of call-back, auto-messaging and contact solutions, advanced 6.6% to 56.5p.

Quixant PLC

Quixant PLC, a provider of specialised gaming platforms designed for gaming and slot machine applications, tumbled 7.7% to 252p.

Sareum Holdings PLC

Sareum Holdings PLC, which is engaged in the structure-based drug discovery business, declined 3.4% to 0.7p. Today, the company announced that two abstracts regarding updated clinical data from ongoing Phase I/IIa trials with SRA737 will be presented at the American Society of Clinical Oncology Annual Meeting in Chicago, USA.

Scientific Digital Imaging PLC

Scientific Digital Imaging PLC, a digital imaging technology company, climbed 6.2% to 51.5p.

Xaar PLC

Xaar PLC, a provider of inkjet printing technology, jumped 4.8% to 101p.

Other movers

AVEVA Group PLC

Engineering technology company, AVEVA Group PLC, climbed 2.3% to 3342p. The company, in its trading update for the year ended 31 March 2019, announced that it delivered a strong performance in the fourth quarter, resulting in slight double-digit revenue growth. It also witnessed an improvement in its operating margins, despite rising costs to support robust sales performance. The company will release its results for the year ended 31 March 2019 on 29 May 2019. JPMorgan Chase increased its target price on the stock to 3400p from 3000p and gave an “Overweight” rating.

Dialight PLC

Dialight PLC, a provider of electronic lighting and electromagnetic products, advanced 3.1% to 460p. The company, in its trading update, announced that the group recorded positive trend in its recovery and remained focused over its operational problems. Further, its exit from the former manufacturing partnership deal is likely to conclude by the end of H1 2019. Meanwhile, the company’s expectations of further progress in 2019 remains unchanged, with the Group's results to be heavily weighted towards the second half. The results for the half year ending 30 June 2019 are expected to be released on 05 August 2019.
Table 1: Cambridge Index - Weekly Top 5 Gainers

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, edged 0.2% higher to 356.3p. The company announced that it has signed a €63 million deal for selling its North Western France and Portugal packaging business to International Paper. Separately, the company announced the appointment of its Group Finance Director, Adrian Marsh, as the Non-Executive Director of John Wood Group PLC, with effect from 10 May 2019.

Kier Group PLC

Building, civil engineering and property development group, Kier Group PLC, rose 2.8% to 357.6p. The company announced that Andrew Davies has been appointed as the Chief Executive Officer of the company, whereas Philip Cox will resume the role of a Non-Executive Chairman. Andrew will lead a strategic review of the group to simplify the business in the near term.

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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