MSE Trading Report for week ending July 10, 2009

Malta Government Stock continue to appreciate

After three weeks of negative performance, the Malta Stock Exchange Index gained 0.25 per cent, to close at 2,948.241 points, as five equities closed in positive territory , three in negative territory and two unchanged. It is worth noting that it has been nine weeks since so many equities registered a positive performance. On the other hand Malta Government Stocks continued to appreciate as thirteen out of the seventeen traded stocks appreciated in value.

The MSE Index had a mixed week, with not much happening on Monday to Wednesday. However on Thursday the index decreased by 0.409% but recovered on Friday by gaining 0.549%.

A total of 176 deals were registered over the week with a turnover of over EUR 19.71m. In the equity market 64 transactions were executed for a total value of EUR 161,771, while in the corporate bond market 54 transactions were registered for a value traded of EUR 293,733. A total of 49 transactions were registered in the government bond market for a value of over EUR 15.68m. In the treasury bills market a total of nine transactions were registered for a total value of over EUR 3.57m.

Bank of Valletta plc (BOV) was the only equity to trade through out the week. The equity followed the same trend as the MSE index increased on three trading days and decreasing on the other two sessions. The equity gained 0.34% on the week, closing at EUR 2.659, a rise of EUR 0.009, as 25,516 shares were exchanged across 22 deals. The equity traded at a high of EUR 2.659 and a low of EUR 2.59. BOV registered a rise of 2.66% on Friday as trading was coming to a close, which helped the MSE Index to stay up on the week.

HSBC Bank Malta plc (HSBC) was the best performer from the banking sector, appreciating by a just 0.38%. HSBC closed at EUR 2.61, an increase of EUR 0.01, after trading 13,440 shares over 13 deals. The price of the equity increased only on Tuesday, but closed unchanged on Monday, Wednesday and Thursday.

FIMBank plc lost USD 0.01 this week, as the equity traded only on Tuesday. The closing price for the week was USD 1.17, a decrease of 0.85%, with a volume of 1,325 shares changing hands on two deals.

Lombard Bank plc was the only banking equity to remain unchanged this week. Lombard closed at EUR 2.55, with 1,000 shares changing hands on a single deal.

MaltaPost plc was the best performer during the trading week. The equity closed at EUR 0.67, a gain of 2.92%, or EUR 0.019, as 2,000 shares changed hands across three deals. MaltaPost increased on Monday by 3.69%, but decreased on Friday by 0.74%.

International Hotel Investments (IHI) recovered a mere EUR 0.01 from the latest run of negative performances. IHI gained 1.25%, closing the week at EUR 0.81, having traded 7,153 shares over five deals.

Malta International Airport plc (MIA) ended its five week negative run, as it increased by 0.48% on Tuesday. MIA closed the week at EUR 2.101, a rise of EUR 0.01, with 4,618 shares changing hands on two deals.

GO plc ended the week unchanged, although the equity increased by EUR 0.04 on Friday. The closing price for the week was EUR 1.82, as 9,400 shares changed hands over seven deals. The share price of GO traded unchanged on Monday but decreased both on Tuesday and Wednesday.

During the week, GO plc issued three announcements stating that Forgendo Ltd (the joint venture company between GO plc and Emirates International Telecommunications (Malta) Ltd) acquired further shares in Forthnet SA. The total number of shares acquired was 702,244 shares, for a total consideration of EUR 1,292,928.

Simonds Farsons Cisk plc (SFC) was the worst performer during the week. The equity lost EUR 0.12, closing the week at EUR 1.68, a decrease of 6.67%, with a volume of 6,831 shares changing hands across seven deals. SFC suffered its highest loss on Friday, as it decreased by 4% (EUR 0.07). It also decreased on Monday by 2.78% from the previous traded price.

Plaza Centres plc was the other loser from the traded equities closing the week at EUR 1.65, depreciating by EUR 0.049, as 6,000 shares changed hands on two deals.

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].