Bank of Valletta only gainer this week

September 18, 2009

MSE Trading Report for week ending September 18, 2009

Losses in almost all trading sessions resulted in a decline of 0.89 per cent in the Malta Stock Exchange Index this week, closing at 3,005.464 points. The index edged below the 3,000 mark during Friday’s session, although a final-second increase of EUR 0.04 in the share price of BOV kept the index above the 3,000 level, having declined by 0.233 per cent on the day. The only gain in the index was registered on Tuesday, with a marginal rise of 0.075 per cent. This week ten equities were traded eight closing in negative territory, one remaining unchanged, and only one closing in positive territory.

A total of 236 deals were registered over the week with a turnover of over EUR 19.16m, more than double the value traded last week. In the equity market 83 transactions were executed for a total value of EUR 241,388, while in the government bond market 66 deals were registered for a value traded of over EUR 11.35m. A total of 77 deals were registered in the corporate bond market for a value of over EUR 1.32m. In the treasury bills market a total of 10 transactions were registered for a total value of over EUR 6.24m.

Bank of Valletta plc was the only equity to register a rise in its share price, registering a rise of one per cent and closing the week at EUR 3.02, a rise of EUR 0.03. BOV shares were the most traded this week, as 51,069 shares changed hands on 45 deals, for a total value of EUR 153,181. The equity traded at a high of EUR 3.03, which was reached on Wednesday, and a low of EUR 2.96 on Monday. Gains of 1.35 per cent, one per cent and 0.66 per cent were registered on Tuesday, Wednesday and Friday respectively, having decreased on Monday and Thursday by one per cent and 0.99 per cent respectively. BOV is now the only gainer year to date, with a positive performance of 4.44 per cent, although the equity has not reached the yearly high of EUR 3.60, before adjusting for the bonus issue. Including the bonus issue, the price would be revalued to EUR 3.00.

FIMBank plc saw a decrease of almost 3.5 per cent, as the equity traded only on Thursday, closing at USD 1.25, with 2,000 shares changing hands on two deals, thus losing USD 0.045 from its previous closing price.

HSBC Bank Malta plc suffered three consecutive days of losses during the week, totalling a fall of 1.87 per cent week on week. HSBC closed the week at EUR 2.62, a decline of EUR 0.05, as 23,410 shares changed hands over 19 transactions.

Lombard Bank plc closed the week at EUR 2.54, a decline of EUR 0.009, as 2,380 shares changed hands across four deals, dropping a further 0.35 per cent.

MaltaPost plc traded only on Friday to remain unchanged at EUR 0.69, with 2,044 shares changing hands on a single deal.

The share price of Simonds Farsons Cisk plc depreciated by 5.06 per cent on Tuesday, having traded just 264 shares on three deals. The closing share price was EUR 1.595, a decrease of EUR 0.085.

Malta International Airport plc (MIA) decreased by 3.47 per cent to close the week at EUR 2.12. MIA decreased both on Monday and Tuesday by EUR 0.05, although having recouped some of the losses on Wednesday, increasing by EUR 0.02. A volume of 6,085 shares changed hands across five deals, having decreased by EUR 0.08 on the week.

This week, Middlesea Insurance plc (MSI) registered a decline of EUR 0.01 on Thursday, closing at EUR 1.64, as a single deal of 206 shares was registered.

GO plc is on its fourth consecutive week loss, having decreased by 0.59 per cent on Thursday. GO closed the week at EUR 1.69, as 1,100 shares changed hands over two transactions.

Plaza Centres plc registered a single deal of 1,000 shares on Thursday, as the equity declined by 0.55 per cent, closing the week at EUR 1.64.

The EUR 20 million Corinthia Finance plc Bond maturing between 2016 and 2019, with an over allocation option of EUR 5 million, closed soon after applications opened for the public.

This article which was compiled by Jesmond Mizzi, Managing Directors of 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].