Local Weekly Roundup – 1st June to 8th June 2005

    Malta Stock Exchange – Weekly Round Up   For the period 1st June, 2005 to 8th June, 2005   By Jesmond Mizzi Chairman –Jesmond Mizzi Financial Services     The MSE index decreased by 0.91%   On Tuesday 7th June, 2005 the local bourse did not trade due to a National Holiday   Best performer for the week was Maltacom plc     The Malta Stock Exchange index decreased by 30.932 basis points to close at 3383.643. The MSE index decreased by 0.91% on a week on week basis, whereas at year to date performance, it is presently gaining 10.25%.   There were a total of 88,649 shares traded on the equity market with a total of 118 deals.  In the bond market, we saw a total turnover of 687,600 units in a total of 88 transactions.   The best performer for the week was Maltacom p.l.c. with a total week on week increase of 2.19% and a closing price of Lm1.400 (+0.030).  Maltacom equities were the only shares this week that saw an increase in their share prices.  This increase in price was achieved in a total of 15 deals transactions summing a total of 8,308 nominal shares exchanging hands.   Maltacom shares are currently trading 6.67% lower than the closing price as at 31st December 2004.   Investors were further consolidating their profits in the banking sector resulting for very good year to date performance in share prices with such sector.  HSBC Bank Malta plc and Bank of Valletta plc fell in their share price throughout the week by 1.22% and 1.16% respectively.  As at year to date, HSBC is at a gain of 22.03% whereas BOV is at a gain of 7.80%.  Bank of Valletta saw a total of 13,791 shares exchanging hands whereas HSBC saw a total of 18,091 nominal shares being traded.  HSBC closed at the price of Lm4.85 and Bank of Valletta at Lm4.84. On the other hand, Lombard Bank (Lm5.100) and FIMBank (Lm1.210) kept their prices at level throughout the last five trading days.   Whereas FIMBank did not trade throughout the week, Lombard Bank saw a total of 3 deals taking place and totalling less than 2500 shares exchanging hands.  As at year to date, Lombard Bank stands at 19.97% and FIMBank at 22.84%.   GFSG shares closed in the highest negative territory throughout the week were in a minimal amount of 50 shares exchanging hands in 1 deal, fell by 7.87% (-0.100).  This decline in price took place on Wednesday 1st May where the local bourse only traded for ten minutes due to some technical problems.  As at year to date, GFSG stands in negative territory of 16.25%.   International Hotels Investments, Simonds Farsons Cisk and Malta International Airport also closed in negative territory throughout the last five trading days.  IHI traded once throughout the five days with the results of a 1c fall in its price.  This all happened in a total of 3 trades and 3000 shares.  IHI stands at a decline of 1.25% week on week and at a gain of 5.33% as at year to date.  Simonds Farsons Cisk traded three times throughout the week with the price falling from Lm1.06 to Lm1.00.  As at week on week and year to date, SFC stands in negative territory of 5.66% and 10.71% respectively.  SFC saw a total of 5,200 shares exchanging hands in 6 deals.  Malta International Airport shares traded throughout the week at the highest price of Lm1.35 and the lowest price of Lm1.32.  MIA shares closed at the Lm1.32 level, a fall of 3c0.  Although as at week on week, MIA stands at a loss of 2.22%, it in still in positive territory as at year to date (16.81%).  MIA shares were the most traded equity throughout the week with a total of 28,274 shares exchanging hands in 34 deals.   Together with Lombard Bank, Middlesea Insurance plc also closed at level although seeing trades throughout the week.  MSI closed at the price of Lm3.30 with the lowest price traded being Lm3.29.  As at year to date, MSI still stands as the best performer for another week as at year to date of 32%.   Plaza Centres, Datarak and San Tumas Shareholding equities saw no trades throughout the week.  As at year to date, Plaza Centres and Suncrest stand in positive territory of 5.69% and 6.99% respectively whereas Datatrak stands in negative territory of 16.10%.      For further information please call at our offices on 21224410 or email [email protected]  This article does not intend to give investment advice and the contents therein should not be construed as such. Readers are encouraged to seek professional advice regarding their personal financial situation. The value of investments can go down as well as up.  Past performance is no guarantee for future performance. Jesmond Mizzi Financial Services Limited is licensed to conduct investment services by the Malta Financial Services Authority.