Cambridge Index

Cambridge Index gains 3%

The Cambridge index advanced 684.3 points or 3% to close at 23748.2, as index heavyweights such as Johnson Matthey, DS Smith and AVEVA Group posted weekly gains to their share prices. Liberum Capital reaffirmed its “Buy” rating on Johnson Matthey, up 4.3%. DS Smith, up 3.1%, announced that it has received an acceptance from The Board of the Spanish Securities Market Commission for the acquisition of 98.8% of the total share capital of Europac, which satisfies the final condition of the acquisition. As a result, the company expects the acquisition likely to be completed by around 22 January 2019. AVEVA Group, up 7.1%, announced that it has appointed Paula Dowdy to the position of an Independent Non-Executive Director with effect from 01 February 2019.

CyanConnode Holdings, up 12.1%, in its trading update for the year ended 31 December 2018, announced that it anticipates revenues to record a significant surge of 400% to £4.7m, with major contribution from the Indian and Nordic businesses. Separately, the firm announced that it has appointed Arden Partners Plc as the sole broker and Nominated Adviser. Tristel, unchanged at 272.5p, announced that it will publish its interim results for the six months ended 31 December 2018 on 25 February 2019. Scientific Digital Imaging, unchanged at 33.8p, announced that its subsidiary, Synoptics Limited, has acquired DeepMatter Plc’s Scanning Ion Conductance Microscope business through an asset purchase agreement.

Frontier Developments, down 1.3%, in its trading update for six months ended 30 November 2018, announced that it expects revenue to sharply jump to £64m from £19m in the same period last year, following effective launch of Jurassic World Evolution game and growth in the sales of the Elite Dangerous and Planet Coaster franchises. Moreover, the company stated that development of its fourth game franchise remains on track and is expected to release between 01 June 2019 and 31 May 2020. FinnCap reiterated its “Corporate” rating on the stock. Liberum Capital reissued its “Buy” rating on the stock. Peel Hunt reconfirmed its “Buy” rating on the stock. Greene King, down 1.5%, announced the appointment of Nick Mackenzie as the new Chief Executive Officer (CEO), who will succeed the current CEO, Rooney Anand, with effect from 01 May 2019. Liberum Capital restated its “Buy” rating on the stock. 1Spatial, down 4.3%, announced that it has signed a €1m contract with Ireland's Property Registration Authority for offering software and services for four years. Also, it announced a separate 3-year partnership contract to reinforce Ordnance Survey for delivering the next generation of Geo-Production system.

UK markets closed higher last week, amid gains in banking and financial sector stocks. On the macro front, the UK’s retail sales declined more than expected in December, whereas the nation’s annual consumer prices fell to its lowest level in nearly two years in December. In major news, the British Prime Minister Theresa May’s Brexit deal was rejected by the Parliament, raising worries over a possible no-deal Brexit scenario. The FTSE 100 index advanced 0.7% to settle at 6968.3, while the FTSE AIM 100 index rose 0.7% to close at 4721.0. Meanwhile, the FTSE techMARK 100 index gained 0.8% to end at 4577.0.

US markets ended in the green in the previous week, driven by rise in banking and technology sector stocks. On the data front, the US manufacturing production rose to a 10-month high in December, while the industrial production advanced more than expected in the same month. On the contrary, the US producer prices eased to a 2-year low in December, whereas the nation’s consumer sentiment index declined to its lowest level since October 2016 in January. In other news, the Federal Reserve’s Beige Book survey showed that the economic activity in most US districts reported a modest-to-moderate growth in December and early January. The DJIA index rose 3% to end at 24706.4, while the NASDAQ index gained 2.7% to close at 7157.2.


The Cambridge & FTSE AIM 100 Index Movement

Sector Break-up - Market Cap.

Sector Break-up - No. of Comps.

Index movers

AVEVA Group PLC

Engineering technology company, AVEVA Group PLC, advanced 7.1% to 2854p. The company announced that it has appointed Paula Dowdy to the position of an Independent Non-Executive Director with effect from 01 February 2019.

Bango PLC

Bango PLC, a developer and provider of technology for mobile phones, tumbled 6.5% to 97.7p and emerged as the top loser in the Cambridge index.

CyanConnode Holdings PLC

CyanConnode Holdings PLC, the integrated software solution provider for utility metering and lighting control, surged 12.1% to 9.8p and emerged as the top gainer in the Cambridge index. The company, in its trading update for the year ended 31 December 2018, announced that it anticipates revenues for FY2018 to record a significant surge of 400% to £4.7 million, with major contribution from the Indian and Nordic businesses. Also, CyanConnode provided an upbeat revenue outlook for 2019. Separately, the firm announced that it has appointed Arden Partners Plc as the sole broker and Nominated Adviser with immediate effect.

Elektron Technology PLC

Elektron Technology PLC, a provider of fast moving engineered products, fell 4.7% to 44.8p.

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, slid 4.7% to 163p.

IQGeo Group PLC

IQGeo Group PLC (former Ubisense Group PLC), a market leader of real-time location solutions, declined 5.3% to 62p.

Johnson Matthey PLC

Johnson Matthey PLC, a speciality chemicals company and leading provider of precious metal products and environmental technologies, rose 4.3% to 3051p. Liberum Capital reaffirmed its “Buy” rating on the stock.

Netcall PLC

Netcall PLC, a provider of call-back, auto-messaging and contact solutions, climbed 6.8% to 31.5p.

RhythmOne PLC

RhythmOne PLC (former Blinkx PLC), the leading video search engine, jumped 4.3% to 195p.

Xaar PLC

Xaar PLC, a provider of inkjet printing technology, dropped 4.9% to 153p.

Other movers

1Spatial PLC

1Spatial PLC, the spatial big data company, which manages the world’s largest spatial data, declined 4.3% to 33.5p. The company announced that it has signed a €1 million contract with Ireland's Property Registration Authority for offering software and services for four years. Also, the company announced a separate 3-year partnership contract to reinforce Ordnance Survey for delivering the next generation of Geo-Production system.

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, climbed 3.1% to 337.2p. The company announced that it has received an acceptance from The Board of the Spanish Securities Market Commission for the acquisition of 98.8% of the total share capital of Europac, which satisfies the final condition of the acquisition. As a result, the company expects the acquisition likely to be completed by around 22 January 2019.

Frontier Developments PLC

Frontier Developments PLC, a leading independent developer of video games, slipped 1.3% to 894p. The company, in its trading update for six months ended 30 November 2018, announced that it expects revenue to sharply jump to £64 million from £19 million in the same period last year, following effective launch of Jurassic World Evolution game and growth in the sales of the Elite Dangerous and Planet Coaster franchises. Moreover, the company stated that development of its fourth game franchise remains on track and is expected to release between 01 June 2019 and 31 May 2020. The company’s interim financial results are anticipated to be released on 6 February 2019. FinnCap reiterated its “Corporate” rating on the stock. Liberum Capital reissued its “Buy” rating on the stock. Peel Hunt reconfirmed its “Buy” rating on the stock.

Greene King PLC

Shares of pub operator, Greene King PLC, eased 1.5% to 602.4p. The company announced the appointment of Nick Mackenzie as the new CEO, who will succeed the current CEO, Rooney Anand, with effect from 01 May 2019. Liberum Capital restated its “Buy” rating on the stock.

Scientific Digital Imaging PLC

Scientific Digital Imaging PLC, a digital imaging technology company, remained unchanged at 33.8p. The company announced that its subsidiary, Synoptics Limited, has acquired DeepMatter Plc’s Scanning Ion Conductance Microscope business through an asset purchase agreement.

Tristel PLC

Tristel PLC, a provider of infection control and water treatment products, remained unchanged at 272.5p. The company announced that it will publish its interim results for the six months ended 31 December 2018 on 25 February 2019.

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

Subscribe to our newsletter to receive all the latest insights direct to your inbox