Positive trend on MSE continues
MSE Trading Report weekly round-up for the week ending 12th September 2008
Positive trend on MSE continues
The Malta Stock Exchange Index (MSE Index) continued with its positive run as it closed at 3,990.228 points, gaining 1.31 per cent on the week, after last week’s gains of 3.77 per cent. The MSE Index is now 19.19 per cent down year to date. This week, twelve equities were negotiated, with seven equities closing in positive territory, four in negative territory and RS2 Software plc remaining unchanged. During the week, Maltapost plc was the best performer, whilst Grand Harbour Marina plc lost most ground.
A total of two hundred and four trades were registered on the stock exchange, with a total turnover of over EUR 6.24 million, including a put-through trade of EUR 121,589. In the equity market, one hundred twelve deals were executed for a total value of over EUR 1.04 million. In the corporate bond market thirty deals were carried out, for a value of EUR 310,779, whilst in the government bond market, forty six deals were executed for a total value of EUR 880,162. In the Treasury Bills market, fifteen deals were executed for a total value of over EUR 3.88 million.
In the banking sector, HSBC Bank Malta plc was the best performer. HSBC continued its positive run after last week’s gains, as it registered an increase of 3.66 per cent. The closing price for the week was EUR 3.40, a rise of EUR 0.12, with 24,128 shares changing hands over twenty deals. HSBC traded at a high of EUR 3.40 and a low of EUR 3.30. On the other hand, FIMBank plc lost just USD 0.001 from last week’s share price, as it closed the week at USD 1.908, decreasing by 0.05 per cent on the week, with a volume of 264,369 shares traded over twelve deals, for a total value of EUR 358,449. Bank of Valletta plc lost some of last week’s gains, as it closed EUR 0.009 less than last week, closing the week at EUR 4.69, thus decreasing by 0.19 per cent, with 13,571 shares being traded over seventeen deals.
RS2 Software plc was the only equity which remained stable on the week not withstanding a drop of EUR0.004 during the week. RS2 closed the week at EUR 0.829, with 3,415 shares changing hands over three deals.
Maltapost plc registered a rise of 3.9 per cent in its share price. Maltapost closed the week at EUR 0.80, EUR 0.03 higher than last week, with a volume of 153,881 shares changing hands over sixteen deals. Plaza Centres plc registered a rise of EUR 0.05 in its share price. The equity closed the week at EUR 1.75, increasing by 2.94 per cent from last week, as 96,200 shares were traded over seven deals. Likewise, Malta International Airport plc (MIA) increased by EUR 0.05 from last week. MIA traded 1,750 shares over four deals, closing the week at EUR 3.00, 1.69 per cent higher than last week. International Hotel Investments plc appreciated by EUR 0.01 on the week. The closing price for the week was EUR 1.06, therefore increasing by 0.95 per cent on the week, with 28,478 shares being traded over twelve deals. GO plc also registered an increase in its share price. GO closed the week at EUR 2.309, increasing by EUR 0.009, or 0.39 per cent, from last week, as 17,315 shares changed hands on eleven deals. Crimsonwing plc was the other equity which registered a rise in its share price, after closing the week at EUR 0.518, increasing by 1.57 per cent, or EUR 0.008, with 35,000 shares changing hands on five deals.
Grand Harbour Marina plc traded twice during the week, as it registered a loss of 6.52 per cent in its share price. The equity closed the week at EUR 2.15, thus losing EUR 0.15 on the week, having traded 2,600 shares. Middlesea Insurance plc also experienced a loss in its share price, as it closed the week at EUR 3.05, therefore decreasing by 1.61 per cent on the week, or EUR 0.05, with 48,850 shares changing hands on three deals.
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