Cambridge Index rises 0.9%

The Cambridge Index advanced 238.2 points or 0.9% to close at 27170.7, as five of the top ten Index heavyweights posted weekly gains to their share prices.

Cambrdige Index 25 Oct 21

CyanConnode, up 34.8%, in its 1H 2022 update announced that its smart meter intelligent module shipments gained momentum during the period. Additionally, 315,000 modules were shipped, compared to 92,000 in the same period previous year and 481,000 for the FY 21.

Bango, up 18.9%, announced the appointment of two new non-executive directors and the retirement of two existing non-executive directors.

Sareum, up 6.3%, today in its results for the year ended 30 June 2021, announced that it reported nil revenues during the period.

Dialight, up 3.6%, announced that it has extended the TTI authorised distribution agreement for Dialight's LED board and panel mount indication products to TTI's EMEA territory.
Oracle Power, up 3.4%, in its 3Q update, announced that it now has multiple high growth divisions and prospects, with the support and cooperation of two state-owned Chinese enterprises and a highly supportive strategic shareholder. Also, in Pakistan, a key development was the recent approval of the Indicative Generation Capacity Expansion Plan 2021-2030 (IGCEP), prepared by the National Transmission Dispatch Company (NTDC).

Feedback, down 9.4%, announced that it has signed a memorandum of understanding (MoU) with Sussex ICS to implement a pilot scheme to provide CDC services.

Kier Group, down 7.0%, announced that it has entered into a partnership with Thrive, which would allow Kier to track the social value targets of each project, as well as provide a suite of environmental metrics and a range of corporate-wide reporting.

Quartix Technologies, down 5.9%, announced that on 18 October 2021 the company granted 58,823 options over ordinary shares of 1p each at an exercise price of £4.25 to Chief Executive Officer, Richard Lilwall.

GRC International Group, down 4.2%, announced that its annual general meeting that was due to be held earlier on 21 October 2021, has been adjourned. A revised AGM date would be announced in due course.

Tristel, down 3.5%, in its unaudited preliminary results for the year ended 30 June 2021, announced that revenues fell to £31m from £31.68m recorded in the previous year. The Board has recommended a final dividend of 3.93p (2020: 3.84p), an increase of 2%, which would be payable on 19 November 2021.

UK markets ended mostly lower last week, amid speculation that the Bank of England would hike interest rate sooner than expected and renewed concerns over rising Covid-19 cases. On the data front, UK’s consumer price inflation slowed in September, while retail sales fell for a fifth consecutive month in September, adding to signs that Britain’s economic recovery is losing momentum. Additionally, UK’s consumer confidence index declined to an 8-month low level in October, amid supply constraints and high prices. On the other hand, UK’s manufacturing PMI climbed in October, while the housing market climbed in August. The FTSE 100 index declined 0.4% to settle at 7204.6, while the FTSE techMARK 100 index lost 0.4% to end at 7178.5. Meanwhile, the FTSE AIM 100 index rose 0.3% to close at 6047.6.

US markets ended higher in the previous week, following strong US corporate earnings results. On the macro front, the US existing home sales accelerated to an eight-month high in September while, the housing market index climbed in October. Moreover, initial jobless claims dropped to a 19-month low in the week ended 15 October 2021, while the nation’s business activity grew in October. On the flipside, the US housing starts and building permits, both, fell in September, amid severe shortages of raw materials and labour. Additionally, the US industrial production fell more-than-expected in September, due to continuing effects of Hurricane Ida. Meanwhile, Federal Reserve Chairman, Jerome Powell stated that the US is ready for tapering, but not interest rate hike. The DJIA index rose 1.1% to end at 35677, while the NASDAQ index gained 1.3% to close at 15090.2.

 

Looking for something specific?