TechMARK movers: Microgen and Innovation rise

7th Jul 2009 14:14

Shares in Microgen rose after the software group said it expects earnings for the year to be ahead of current market forecasts. "Despite the continuing difficult market environment, the first half of 2009 is anticipated to be in line with the board's expectations, but, as a result of the strong Microgen Aptitude Solutions Division (MASD) performance, and subject to contracts being finalised, earnings for the year are anticipated to be ahead of current market expectations," said the group. The operating loss for MASD in the first-half has significantly reduced compared to the prior year, but the group anticipates that the unit will be delivering a strong second half.Innovation Group, which provides software for insurance companies, also gained after it said it has signed a €1m a year deal to provide accident management services for a German insurance company that has more than 10% of the country's market.The deal has the potential to rise to €3m a year, Innovation, which did not name the company said.FTSE TechMARK - RisersAlizyme (AZM) 3.00p +20.00%Microgen (MCGN) 72.00p +5.88%Visonic (VSC) 48.50p +3.19%KCOM Group (KCOM) 27.50p +2.80%Morse (MOR) 20.50p +2.50%Innovation Group (TIG) 9.84p +2.50%Imagination Technologies (IMG) 134.50p +2.28%Anite Group (AIE) 29.50p +1.72%GB Group (GBG) 23.75p +1.06%Renovo Group (RNVO) 25.00p +1.01%FTSE TechMARK - FallersTotal Systems (TTS) 28.50p -21.92%Ark Therapeutics (AKT) 43.00p -5.49%Filtronic (FTC) 35.50p -5.33%Kewill (KWL) 71.00p -4.05%Oxford Instruments (OXIG) 135.00p -3.57%Emblaze (BLZ) 34.00p -2.86%Alphameric (ALM) 29.00p -2.52%Trafficmaster (TFC) 29.50p -2.48%Corin Group (CRG) 60.50p -2.42%BATM Advanced (BVC) 34.25p -2.14%