Cambridge Index

Cambridge Index rises 2.4%

The Cambridge index advanced 635.9 points or 2.4% to close at 27223.7, as the top five index heavyweights posted weekly gains to their share prices. Abcam, up 4%, announced a deal to buy the proteomics and immunology businesses of Expedeon AG for a consideration of €120m. Liberum Capital reiterated its “Hold” rating on the stock. Peel Hunt reconfirmed its “Add” rating on the stock. Frontier Developments, up 7%, announced that it has successfully released its zoo simulator game, Planet Zoo, on PC. The game achieved the global number one bestseller spot on Steam platform, both prior to and after its release. Frontier intends to expand the game portfolio with a number of potential development partners at different stages of development. Peel Hunt reissued its “Buy” rating on the stock. Liberum Capital reiterated its “Buy” on the stock.

Horizon Discovery Group, up 0.1%, announced that it has entered into an agreement to offload its In Vivo business unit to Envigo RMS LLC for a nominal cash consideration. The divestment will aid in continuing its animal model screening work in conjunction with Envigo for creating mutually beneficial additional business opportunities. Peel Hunt reaffirmed its “Add” rating on the stock.  Sareum Holdings, unchanged at 0.3p, announced that Sierra Oncology is planning to launch the MOMENTUM Phase 3 clinical trial in Q4 2019 for finding non-dilutive strategic options supporting the future advancement of SRA737 on the basis of selecting its resources on the development of its lead candidate momelotinib.

Bango, down 3.8%, announced a collaboration with MobileAction, the app store optimization and intelligence platform, in order to boost in-app payment revenues for app developers through smart campaign targeting. Following the partnership, app developers would get a competitive advantage by targeting users who are likely to spend in apps as well as special offers on audiences listed in Bango Marketplace.

UK markets closed mostly higher last week, supported by gains in mining and energy sector stocks. On the macro front, the UK services PMI expanded more than expected in October, while the nation’s construction sector activity contracted less than anticipated in the same month. On the contrary, the British house prices unexpectedly eased in October. In major news, the Bank of England, in its latest monetary policy meeting, kept its key interest rate unchanged at 0.75%, amid Brexit uncertainty. The FTSE 100 index advanced 0.8% to settle at 7359.4, while the FTSE AIM 100 index marginally fell to close at 4541.7. Meanwhile, the FTSE techMARK 100 index gained 2% to end at 5513.7.

US markets ended higher in the previous week, after the US and China decided to suspend existing trade tariffs in phases. On the data front, the US non-manufacturing PMI rose higher than forecasted in October, whereas the initial jobless claims dropped in the last week. On the flipside, the JOLTs job openings in the US eased to an 18-month low in September, while factory orders dropped to a 4-month low in the same month. The DJIA index rose 1.2% to end at 27681.2, while the NASDAQ index gained 1.1% to close at 8475.3.


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, fell 3.8% to 127.5p. The company announced a collaboration with MobileAction, the app store optimization and intelligence platform, in order to boost in-app payment revenues for app developers through smart campaign targeting. Following the partnership, app developers would get a competitive advantage by targeting users who are likely to spend in apps as well as special offers on audiences listed in Bango Marketplace.

Brady PLC

Brady PLC, a provider of transaction and risk management solutions for metals and commodities, tumbled 13.4% to 12p and emerged as the top loser in the Cambridge Index.

Cambridge Cognition Holdings PLC

Cambridge Cognition Holdings PLC, which specialises in computerised neuropsychological tests, surged 9.8% to 30.2p and emerged as the top gainer in the Cambridge Index.

Checkit PLC

Checkit PLC (former Elektron Technology PLC), a provider of fast-moving engineered products, eased 2.7% to 55p.

CyanConnode Holdings PLC

CyanConnode Holdings PLC, the integrated software solution provider for utility metering and lighting control, dropped 10% to 2.3p.

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, rose 5.6% to 383.4p.

Frontier Developments PLC

Frontier Developments PLC, a leading independent developer of video games, advanced 7% to 1164p. The company announced that it has successfully released its zoo simulator game, Planet Zoo, on PC. The game achieved the global number one bestseller spot on Steam platform, both prior to and after its release. Frontier intends to expand the game portfolio with a number of potential development partners at different stages of development. Peel Hunt reissued its “Buy” rating on the stock. Liberum Capital reiterated its “Buy” on the stock.

Gaming Realms PLC

Gaming Realms PLC (former PDX PLC), an online gaming operator, developing free-to-play and real-money products, added 5.3% to 8.4p.

Kier Group PLC

Building, civil engineering and property development group, Kier Group PLC, declined 10.8% to 104.7p.

Science Group PLC

Science Group PLC (former Sagentia Group PLC), an international technology consulting and IP licensing firm, climbed 5.4% to 206p.

Other movers

Abcam PLC

Abcam PLC, a producer and distributor of research-grade antibodies, advanced 4% to 1251p. Today, the company announced a deal to buy the proteomics and immunology businesses of Expedeon AG for a consideration of €120 million. Liberum Capital reiterated its “Hold” rating on the stock. Peel Hunt reconfirmed its “Add” 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, edged 0.1% higher to 168.2p. The company announced that it has entered into an agreement to offload its In Vivo business unit to Envigo RMS LLC for a nominal cash consideration. The divestment will aid in continuing its animal model screening work in conjunction with Envigo for creating mutually beneficial additional business opportunities. Peel Hunt reaffirmed its “Add” rating on the stock.

Sareum Holdings PLC

Sareum Holdings PLC, which is engaged in the structure-based drug discovery business, remained unchanged at 0.3p. The company announced that Sierra Oncology is planning to launch the MOMENTUM Phase 3 clinical trial in Q4 2019 for finding non-dilutive strategic options supporting the future advancement of SRA737 on the basis of selecting its resources on the development of its lead candidate momelotinib.

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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