Cambridge Index Rises 1.5%

The Cambridge Index advanced 308.1 points or 1.5% to close at 20543.6, as seven out of the top ten index heavyweights posted weekly gains to their share price.

Kirly Group Cambridge Index

Abcam, up 3.2%, announces that its Annual Report and Accounts 2021, together with the Notice of Annual General Meeting have been published and are available on the company’s website at corporate.abcam.com.

Darktrace, up 1.0%, announced the extension of its detection and Autonomous Response capabilities to zero trust technologies, including Zscaler, Okta, and Duo Security.

Cambridge Cognition, up 36.6%, announced that it has signed a contract worth just over £1m with a top 10 pharmaceutical company to provide digital cognitive assessments for a pivotal phase III autoimmune disease trial. Separately, the company announced that it would release its preliminary results for the year ended 31 December 2021 on 12 April 2022.

Dialight, up 16.6%, in its full year results, announced that revenues climbed to £131.6m from £119.0m recorded in the previous year. The Board is not proposing a final dividend payment for 2021 (2020: nil). Feedback, up 12.5% to 0.7p, announced that its cloud TB screening service is now live at the Evangelical Hospital Khariar in Odisha, India.

Xaar, up 6.7%, in its full year results, announced that revenues rose to £59.3m from £48.0m recorded in the previous year. The Board has not declared any dividend in 2021.

Oracle Power, up 3.1%, announced that it has signed a joint venture agreement with the Private Office of His Highness Shaikh Ahmed Dalmook Al Maktoum, to advance its green hydrogen project in Pakistan.

SDI Group, up 0.9%, announced that it has acquired Safelab Systems Limited (Safelab), a UK manufacturer of fume cupboards for a cash consideration of around £7.7m.

Checkit, down 7.1%, announced that it has partnered with Norwegian tech company, Disruptive Technologies to integrate the latter’s sensor hardware into its intelligent operations platform.

Aferian, down 1.1%, announced that part of the contingent consideration in relation to the Nordija A/S acquisition in May 2021 has become payable. Following successful completion of the targets to date associated with the contingent consideration, it would pay an amount of €0.5m ($0.6m), of which €0.1m ($0.1m) would be settled in cashGaming Realms, down 1%, announced that it has rolled out its slingo portfolio with Loto-Québec in the Canadian province of Quebec.

UK markets ended mostly higher last week, following UK’s fourth quarter GDP data. On the data front, Britain's economic growth accelerated rebounded in 4Q 2021, while the nation’s current account deficit narrowed in 4Q 2021. Additionally, UK’s house prices accelerated at its fastest pace since late 2004 in March, while the BRC shop prices climbed at its highest rate since 2011 in February. Meanwhile, UK’s manufacturing PMI dropped to a 13-month low in March. The FTSE 100 index advanced 0.7% to settle at 7,537.9, while the FTSE AIM 100 index rose 1.6% to close at 5,068.1. Meanwhile, the FTSE techMARK 100 index lost 0.3% to end at 6,064.4.

US markets ended mixed in the previous week, as robust US jobs data overshadowed concerns surrounding Russia-Ukraine crisis. On the macro front, the US economy accelerated in the fourth quarter of 2021, while the nation’s consumer confidence index rose for the first time in 2022 in March. Additionally, the US personal income climbed in February, while the nation’s personal spending rose in February. Further, the US ADP employment climbed by more than estimated in March, while the US JOLTS job openings fell less than expected in February. Also, the US unemployment rate declined in March. However, the US weekly jobless claims climbed more than expected in the week ended 25 March 2022, while the nation’s non-farm payrolls rose less than anticipated in March. Moreover, the US ISM manufacturing PMI unexpectedly dropped an 18-month low level in March. The DJIA index fell 0.1% to end at 34,818.3, while the NASDAQ index gained 0.7% to close at 14,261.5.

 

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