Cambridge Index

Cambridge Index rises 1.3%

The Cambridge index advanced 328.1 points or 1.3% to close at 25901.0, as four out of the top five index heavyweights posted weekly gains to their share prices. HSBC raised its target price on AVEVA Group, up 0.1%, to 2685p from 2500p and gave a “Reduce” rating. UBS Group lifted its target price on the stock to 3365p from 2550p and gave a “Neutral” rating. Royal Bank of Canada increased its target price on Greene King, up 6%, to 700p from 600p and gave an “Outperform” rating.

Horizon Discovery Group, up 6.4%, today, announced that its annual revenues climbed to £58.7m from £35.0m reported in the last year, whereas its loss before tax widened to £40.7m from £15.7m. Peel Hunt reissued its “Hold” rating on the stock. Sareum Holdings, up 3.6%, 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. The two abstracts titled Abstract 3094 - a first-in-human phase I/II trial of SRA737 in subjects with advanced cancer; and Abstract 3095 - a phase I/II first-in-human trial of oral SRA737 given in combination with low-dose gemcitabine in subjects with advanced cancer, have been published on the ASCO website. Frontier Developments, up 0.6%, announced the launch of a new zoo management game, Planet Zoo, enabling its players to build and administer a truly modern zoo aiming at animal welfare and conservation. The game is scheduled to be released on PC in Autumn 2019. FinnCap reiterated its “Corporate” rating on the stock. Liberum Capital reconfirmed its “Buy” rating on the stock.

Cambridge Cognition Holdings, down 0.7%, announced the retirement of Michael Lewis and Nicholas Kerton from the Board of Directors, along with Steven Powell as the Chief Executive Officer, all effective from 23 May 2019. The company also announced the appointment of Matthew Stork to the position of Chief Executive Officer. Science Group, down 1%, announced the appointment of Daniel Edwards to the position of Group Managing Director, with immediate effect.

UK markets closed mostly higher in the last week, On the data front, UK’s mortgage approvals rose to a 9-month high in March. Meanwhile, Britain’s public sector net borrowing posted a deficit in March. The FTSE 100 index declined 0.4% to settle at 7428.2, while the FTSE AIM 100 index rose 1.9% to close at 5125.1. Meanwhile, the FTSE techMARK 100 index gained 2.3% to end at 4991.3.

US markets ended mixed in the previous week. In economic news, the US annualised gross domestic product climbed more-than-expected in the first quarter, while the nation’s durable goods orders rose to a 7-month high in March. Additionally, the US new home sales surprisingly jumped to its highest level in 1.5-years in March. Meanwhile, the US initial jobless claims advanced by the most in 19-months in the last week. The DJIA index fell 0.1% to end at 26543.3, while the NASDAQ index gained 1.9% to close at 8146.4.


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, jumped 5.8% to 1301p.

Amino Technologies PLC

Amino Technologies PLC, a leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, declined 2.9% to 82.5p and emerged as the top loser in the Cambridge Index.

Bango PLC

Bango PLC, a developer and provider of technology for mobile phones, slipped 2.5% to 115p.

CyanConnode Holdings PLC

CyanConnode Holdings PLC, the integrated software solution provider for utility metering and lighting control, eased 2.5% to 5.8p.

Elektron Technology PLC

Elektron Technology PLC, a provider of fast-moving engineered products, rose 4.9% to 43p.

Greene King PLC

Shares of pub operator, Greene King PLC, climbed 6% to 704.4p. Royal Bank of Canada increased its target price on the stock to 700p from 600p and gave an “Outperform” rating.

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 6.4% to 184p and emerged as the top gainer in the Cambridge Index. Today, the company announced that its annual revenues climbed to £58.7 million from £35.0 million reported in the last year, whereas its loss before tax widened to £40.7 million from £15.7 million. Peel Hunt reissued its “Hold” rating on the 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, fell 2.7% to 164p.

Scientific Digital Imaging PLC

Scientific Digital Imaging PLC, a digital imaging technology company, added 3.9% to 53.5p.

Xaar PLC

Xaar PLC, a provider of inkjet printing technology, dropped 2.9% to 98.1p.

Other movers

AVEVA Group PLC

Engineering technology company, AVEVA Group PLC, edged 0.1% higher to 3344p. HSBC raised its target price on the stock to 2685p from 2500p and gave a “Reduce” rating. UBS Group lifted its target price on the stock to 3365p from 2550p and gave a “Neutral” rating.

Cambridge Cognition Holdings PLC

Cambridge Cognition Holdings PLC, which specialises in computerised neuropsychological tests, slid 0.7% to 66.5p. The company announced the retirement of Michael Lewis and Nicholas Kerton from the Board of Directors, along with Steven Powell as the Chief Executive Officer, all effective from 23 May 2019. Also, the company announced the appointment of Matthew Stork to the position of Chief Executive Officer.
Table 1: Cambridge Index - Weekly Top 5 Gainers

Frontier Developments PLC

Frontier Developments PLC, a leading independent developer of video games, rose 0.6% to 1020p. The company announced the launch of a new zoo management game, Planet Zoo, enabling its players to build and administer a truly modern zoo aiming at animal welfare and conservation. The game is scheduled to be released on PC in Autumn 2019. FinnCap reiterated its “Corporate” rating on the stock. Liberum Capital reconfirmed its “Buy” rating on the stock.

Sareum Holdings PLC

Sareum Holdings PLC, which is engaged in the structure-based drug discovery business, advanced 3.6% to 0.7p. 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. The two abstracts titled Abstract 3094 - a first-in-human phase I/II trial of SRA737 in subjects with advanced cancer; and Abstract 3095 - a phase I/II first-in-human trial of oral SRA737 given in combination with low-dose gemcitabine in subjects with advanced cancer, have been published on the ASCO website.

Science Group PLC

Science Group PLC (former Sagentia Group PLC), an international technology consulting and IP licensing firm, fell 1.0% to 202p. The company announced the appointment of Daniel Edwards to the position of Group Managing Director, with immediate effect.

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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