MSE Weekly Round-Up Report: 1st — 5th October 2007

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6PM shares rise over 4%                               

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Over the week the Malta Stock Exchange Index declined by 0.8% to close at 4,838.62 points. Most local listed equities were active even though only six of these registered price changes on a week-on-week basis. The top gainer was 6PM holdings followed by Simonds Farsons Cisk, while the equities to suffer largest losses in their share price were International Hotel Investments and Malta International Airport.

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A total of 190 deals were registered on the local bourse for a turnover just above Lm1.40 million. In the equity market, 141 deals were executed for a traded value of Lm275,021, while 46 transactions were performed in local corporate bonds and government stocks for a turnover of Lm723,788. In addition, three deals were executed in Treasury Bills for a value of Lm406,329.

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6PM Holdings’ shares gained 4.5% during the week with just below 7,500 shares changing hands across three deals. The equity closed at its weekly highest traded price, of Lm0.70, while the lowest trade was at Lm0.68. Simonds Farsons Cisk was amongst the positive performers having gained nearly 1% to close at Lm1.07 on a volume of 16,980 shares which were transacted across eight deals.

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The only other equity to register a gain was FIMBank which edged 0.3% higher to close at the level of US$1.95. This was attained across twelve deals with a total volume of 38,847 shares being negotiated. Also within the banking sector, Bank of Valletta, HSBC Bank Malta and Lombard Bank shares were active, however these all closed unchanged on a week-on-week basis. Bank of Valletta had 19,486 shares transacted across thirty-three deals to close at Lm3.60, while HSBC Bank Malta had over 56,500 shares change hands over fifty-five deals to close at the level of Lm1.90. Moreover, four minor trades totalling 242 shares were executed in Lombard Bank all at the stable price of Lm4.75.

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On the other hand, International Hotel Investments suffered the largest drop over the week having declined 4.1%. The equity closed EUR0.045 lower at EUR1.05 as 47,500 shares were traded across five deals. Malta International Airport also ended in negative territory declining by 3.6% to close at Lm1.35 on low activity; a mere 700 shares being transacted across two deals.

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Maltacom was the other equity to close in the red over the week having edged 0.8% lower to Lm1.389. This was attained on a volume of 17,368 shares which changed hands across thirteen transactions.

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Middlesea Insurance, Plaza Centres and Medserv were also active during the week however none registered any price changes from the previous week. Middlesea had 392 shares transacted across three trades to close at Lm1.65, Plaza registered a deal of 1,591 shares at Lm0.74, while Medserv saw 3,000 shares transacted across two deals to close stable at Lm1.60.

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With regard to trading in local corporate bonds, sixteen corporate bonds were traded however the total volume recorded during the week was rather low at Lm38,736. Trading in Malta Government Stocks was stronger with a total turnover of Lm685,052 being registered across fourteen deals. The most active MGS was the 7.8% MGS 2018 which accounted for 90% of the total turnover.

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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]