MSE Weekly Round-Up Report: 18th — 22nd June 2007

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MSE Index marginally changed

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The MSE Index managed to close a touch higher (+0.03%) on a week-on-week basis despite having closed in negative territory in three of the sessions this week. The MSE Index thus ended at the level of 4,830.14 points,

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During the week a total of 353 transactions were executed on the regular market, 224 of which were performed in equities for a traded value of Lm566,906, while 118 deals were registered in bonds and government stocks for a turnover above Lm6.67 million. In addition, a total of 11 transactions were executed across six different Treasury Bills for a total value of Lm1.4 million.

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HSBC Bank Malta was the most actively traded equity accounting for 30% of the trades on the equity market. In fact, a total of 68 deals were recorded in the equity with 100,950 shares changing hands. The equity was traded at a weekly high and low of Lm1.90 and Lm1.879 respectively, however it closed at Lm1.89, this representing a 0.53% decline on a weekly basis.

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Within the same sector, the equities of Bank of Valletta as well as FIMBank were also active. Bank of Valletta’s share price managed to gain 1.1% or 4c to close at Lm3.64 on a volume of 22,735 shares traded across 47 deals. FIMBank on the other hand closed unchanged at the US$1.90 level with 64,461 shares being traded all at the same price over seven transactions.

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The star performer of the week was however GlobalCapital which share price climbed 6.4% on a weekly basis. The equity gained 11c5 to close at Lm1.915 as 37,420 shares changed hands across twenty-one deals. Amongst the positive performers of the week was Simonds Farsons Cisk, even though the gain was minimal. The equity gained 0c1 to close at Lm1.001 on a volume of 16,058 shares.

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On the other hand, the worst performer of the week was Middlesea Insurance which declined by 3.9% to close at Lm1.701. This was attained on thin activity as 9,234 shares changed hands across 8 deals. The two other equities to end in negative territory were Malta International Airport (MIA) and Plaza Centre. MIA had equity 29,500 shares transacted across 14 deals to see the share price drop 1.5% to Lm1.33, while Plaza’s share price ended the week 1.4% lower at the level of Lm0.69.

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Moreover, International Hotel Investments (IHI) and Medserv were also traded during the week. IHI closed unchanged at EUR1.05 on a volume of 16,683 shares with the weekly high and low prices being EUR1.051 and EUR1.035 respectively. Similarly, Medserv ended the week stable at the price of Lm1.60. This was however attained on two minor deals with a volume of 1050 shares.

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In the mean time, on Friday afternoon Grand Harbour Marina (GHM) announced that its Board of Directors were notified by certain of its shareholders that they have entered into the share sale and purchase agreements with Camper and Nicholsons Marina Investments Limited (CNMI) in which CNMI acquired 70% of GHM, as had been announced earlier this year.

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Turning onto the local bond sector, Malta Government Stocks (MGS) accounted for the majority of the activity. In fact, a total of seventy-three deals were registered over 18 different issues for a turnover of Lm6.6 million, three of which recorded increases in their price while another three ended lower. On the other hand, fifteen corporate bonds were active with the traded value just above Lm73,300 attained across 45 transactions.

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This article which was compiled by Jesmond Mizzi Financial Services Limited (JMFS) does not intend to give investment advice and the contents therein should not be construed as such. JMFS is licensed to conduct investment services by the MFSA. The directors or related parties, including the company, and their clients are likely to have an interest in securities mentioned in this article. For further information please contact JFMS at 67/3 South Street Valletta or on tel:  21224410 or email [email protected]