EUR 27 million traded in Malta Government Stocks

MSE Trading Report for week ending October 9, 2009

EUR 27 million traded in Malta Government Stocks

The Malta Stock Exchange Index retreated by 0.88 per cent, after last week’s gains of just above six per cent, closing the week at 3,161.436 points. Gains of 0.125 per cent and 0.947 per cent were registered on Wednesday and yesterday, having declined by 0.849 per cent, 0.985 per cent and 0.111 per cent on Monday, Tuesday and Thursday respectively. Eleven equities were traded, with four closing in negative territory, four remaining unchanged, and three closing in positive territory.

A total of 253 deals were registered over the week with a turnover of over EUR 31.34m. In the equity market 123 deals were executed for a total value of EUR 504,224, while in the corporate bond market 81 transactions were registered for a value traded of EUR 802,479. The 8% Bank of Valletta 2010 US$ bond was up 0.98% and the 6.25% Tumas Investments plc2014-16 was also up 0.97% on the week. A total of 44 deals were registered in the government bond market for a value of over EUR26.99m. It is to be noted that two trades of over EUR 21.67m were registered in the 5.7% MGS 2012 (III). In the treasury bills market a total of 5 transactions were registered for a total value of over EUR 3.03m.

HSBC Bank Malta plc was the only banking equity to register losses this week, having lost EUR 0.061. HSBC closed the week at EUR2.74, a decline of 2.18 per cent, after last week’s gains of 6.5 per cent. The equity saw 76,395 shares changing hands on 37 deals, for a total value of EUR 207,012, having traded at a high of EUR 2.80 and a low of EUR 2.649. HSBC registered a rise of 1.48 per cent on Friday, having decreased by 1.82 per cent on Monday and Tuesday.

Bank of Valletta plc closed the week unchanged at EUR 3.36, as 29,945 share changed hands on 31 transactions. BOV traded at a weekly low of EUR 3.25, while trading at a high of EUR 3.36.

Lombard Bank plc remained unchanged this week, closing at EUR 2.50, with 1,000 shares changing hands on a single trade.

The share price of FIMBank plc traded at a high of USD1.20, at which it closed unchanged on the week, having fallen to a low of USD1.16, as 81,069 shares changed hands on 14 deals.

Island Hotels Group Holdings plc traded for the first time on the Malta Stock Exchange yesterday, with a single trade of 7,500 shares maintaining the share price at EUR 1.00.

6pm Holdings plc registered an overwhelming rise of 13.56 per cent, having traded only on Friday, as 33,800 shares changed hands on 10 deals, appreciating the price to GBP 0.67, a rise of GBP 0.08, being the best performing equity of the week. In a company announcement 6pm stated that, Ivan Bartolo, Steve David Wightman and Alan West-Robinson each sold 250,000 shares to Jason Brickell at the price of £0.67 per share. All the individuals involved in the transaction are executive directors of the Company. Following this transaction, Mr. Brickell’s total beneficial interest in the Company is 750,000 ordinary shares representing approximately 10 per cent of the current issued share capital of the Company.

The share price of Medserv plc increased by EUR 0.205, closing the week at EUR 3.95, on a single trade of just 600 shares, and thus registering a rise of almost 5.5 per cent on the week.

RS2 Software plc registered an increase of EUR 0.021 on Tuesday, with 55,000 shares changing hands on eight transactions, closing at EUR 0.62, an increase of nearly 3.5 per cent.

Malta International Airport traded on Monday and Thursday with traded reaching 5,675 shares on four deals. The equity fell by 5.22% on the week as it closed at EUR 2.25, losing EUR 0.124.

Plaza Centres plc also had a negative week as the share price fell by 0.31% to EUR 1.63 as 6,000 shares were traded on Monday in each one transaction.

Finally, GO plc closed the week at EUR 1.55, down 1.71% having traded at a low of EUR 1.50. Infact the equity had a mixed week as it closed the session on Tuesday at EUR 1.50 but recovered to EUR 1.52 on Thursday and to EUR 1.55 on Friday. The deals were spread across 15 deals as 27,906 shares changed hands.

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