MSE

Trading Report for week ending June

05 2009

Bank of Valletta share price up 8.2 per cent

The Malta Stock

Exchange Index gained 1.48 per cent to closed at 3086.62 and is now only

3.79 per cent down year to date.

On Monday the index had its

best day as it opened the week with a positive move of 0.664%. On Tuesday and

Wednesday the index gained another 0.20% and 0.369% respectively. The positive

trend continued on Thursday as the index increased of 0.27%. However, the end

of week session saw a slight drop in the index of 0.027%.

A total of 259 deals were registered over the week

with a turnover of just over Eur2.84m. In the equity market 133 transactions were executed for a total value of Eur645,724,

while in the government bond market 46

transactions were registered for a value traded of Eur872,298. A total of 65

transactions were registered in the corporate

bond market for a value of Eur515,822. In the treasury bills market a total of 14 transactions were registered

for a total value of Eur 807,948.

The share price of Bank

of Valletta plc (BOV) closed the

week up a staggering 8.21 per cent. On Monday BOV was up 4.12% and on Tuesday

it was up again by another 1.18%. On Wednesday as 14,642 shares changed

hands the share price climbed another 2.33% while on Thursday six trades

of 4,950 shares resulted in an increase of 0.38%. The volume traded this week

reached 56,667 shares across 58 deals.

HSBC

Bank Malta plc (HSBC) also ended the week in positive territory as the

share price increase by 0.78%. This increase was registered

on Thursday as

8,090 shares changed hands in eight deals. The equity ended the week at Eur2.60

as 48,940 shares changed hands on 36 deals.

Lombard

Bank plc was the only loser in the banking sector as the share price fell by 3.7%

to close the week at Eur2.60. Infact on Tuesday Lombard Bank plc shares were the only equities

to fall in price as 1,100 shares were exchanged in a single trade. Once again on Friday the equity was the worst

performer of the day, shedding 1.89% on a single trade of 1,500 shares executed

at Eur2.60.

On

the other hand FIMBank plc retained last weeks price at

$1.28 as 317,500 shares changed hands in 10 deals. This week, FIMBank plc announced that the Board of Directors will be meeting on Thursday, August 13, 2009

to approve the half-yearly financial report for the six months period ending June 30, 2009 and to

consider the payment of an interim dividend, if any.

Go

plc was another positive performer this week as the share price was up 1.16%

as 33,685 shares changed hands across 22 deals. On Friday GO plc was the only gainer in the equity market as it gained 0.64% on a

volume of 6,000 shares.

The best performer on Tuesday was GlobalCapital plc which gained 3.33% over its previous closing

price, as only 100 shares changed hands in a single deal. The equity had last

traded on May 7, 2009.

The share price of Malta International Airport plc (MIA) ended the week in negative

territory as the share price fell by 0.91% to Eur2.18 as

on Monday a single trade of 1,500 shares was executed.

On Wednesday, Simonds Farsons Cisk plc was the day’s worst performer as only 400

shares changed hands in a single deal, closing at Eur1.85, a loss of 0.54%   

On Thursday, Tumas Investments plc announced a Eur20

million bond issue at a coupon of 6.25% per annum, with an option to increase

the amount by a further Eur5 million in the event of over-subscription. The

bonds have a final maturity date of July 31, 2016 but may be redeemed between July 31, 2014 and July 30,2016.

The bonds are guaranteed by Spinola Development Company Ltd (SDC), the owner

and operator of the Portomaso project which incorporates the Hilton Malta hotel

and various commercial amenities. The proceeds from the bond issue will be

advanced to the guarantor and mainly used to refinance existing banking

facilities.

The Bonds constitute the general, direct,

unconditional, unsubordinated and unsecured obligations of the Issuer and shall

at all times rank pari passu with other outstanding unsecured obligations.

The offer to the public will open on July 3 while the

pre-placement agreements by intermediaries will be placed on July 1, 2009.

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 contact JMFS at 67/3, South Street, Valletta

or on Tel: 21224410 or email [email protected].