International market turmoil continue to impact MSE index.

This week the Malta Stock Exchange Index closed at 3,409.554 points, at a loss of 3.13% over last week.  Since the beginning of the year the Index has now lost 30.95%.  During the week, nine equities were negotiated, with seven equities closing in negative territory and two remaining stable. In anticipation of the financial result due on Friday 31st October, Bank of Valletta plc lost most territory this week.

A total of two hundred fifty two deals were registered on the stock exchange for a turnover of over Eur7.2 million.  In the equity market one hundred twenty two transactions were carried out for a total value of Eur296,499.  In the corporate bond market seventy-three transactions for a total value of over Eur1 million were carried out. Whilst in the government bond market forty transactions were executed for a value over Eur3.4 million.  Seventeen transactions were carried out in the Treasury Bills market for a value of over Eur2.5 million.

During this week the banking sector had the toughest time as Bank of Valletta plc lost 8.11% and closed at Eur3.40. This occurred as 31,784 shares changed hands across fifty-one transactions for a total value of Eur112,742. BOV traded at a high of EUR3.67 during the week.  HSBC Bank Malta plc lost 3.33% and closed at Eur2.90 as 36,033 shares changed hands over thirty-four deals for a total value of Eur105,984.  Lombard Bank Malta plc saw its share price decrease minimally by 0.03% to Eur2.948 on just one deal of 359 shares.  The share price of FIMBank plc remained stable at $1.60 as 5,070 shares changed hands across three deals.

Go plc saw its share price decrease by 4.76% from Eur2.10 last week to Eur2.00.  In total 20,962 shares for a  value of Eur42,700 changed hands across twenty-three deals.  The share price of International Hotel Investments plc decreased by 1.22% from Eur0.98 to Eur0.96 on three deals for a total volume of 3,000 shares and a total value of just Eur2,915.  The share price of Grand Harbour Marina plc lost 2.23% to Eur2.15 on a single deal of 5,000 shares for a value of Eur10,750.  MaltaPost plc retained last week’s value which was at Eur0.818 even though three transactions for a total volume of 5,500 shares for the value of Eur4,496 were executed.

Finally, the share price of RS2 Software decreased by 4.11% to Eur0.78 as three deals were executed.  12,500 shares changed hands for a total value of Eur9,700.  At the beginning of the week RS2 software announced that one of the Company’s service providers signed a deal with OK-Q8, Sweden’s largest chain of petrol stations.  RS2 Software will be customising the Bankworks software for use by OK-Q8.

This article which was complied 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 JMFS at 67/3, South Street, Valletta or on Tel: 21224410 or email [email protected]