MSE

Trading Report for week ending November 6, 2009

Bank of

Valletta share price up 9% on the week

The Malta

Stock Exchange Index registered a rise of 3.8 per cent this week, closing

the week at 3,242.532 points. The Index saw high gains of 3.034 per cent and

1.846 per cent on Monday and Tuesday respectively, while losing some of these

gains on the following two trading sessions. The Index’s year-to-date

performance has entered into positive territory, with a rise of 1.07 per cent.

Twelve equities were traded this week, with seven closing in positive territory,

one remaining unchanged, and four closing in negative territory.

A total of 450 deals were registered over

the week with a turnover of over  EUR 10.44m.

In the equity market 315 deals were

executed for a total value of  EUR 979,350,

more than double the value traded last week. In the government bond market, 53

transactions were registered for a value traded of over  EUR 6m, while a total of 76 deals were

registered in the corporate bond market

for a value of  EUR 770,729. In the treasury bills market, a total of six

transactions were registered for a total value of over  EUR 2.68m.

Bank of

Valletta plc registered a staggering increase of just above nine

per cent, following last week’s announcement of increased profits. After two

consecutive sessions of gains amounting to 6.44 per cent and 6.92 per cent

registered on Monday and Tuesday respectively, the equity registered three

consecutive days of losses of 1.66 per cent, 1.61 per cent and one per cent on

Friday due to shares trading ex-div. The equity registered the most trades this

week, as 107,490 shares changed hands over 131 deals, for a total value of  EUR 412,464, having closed the week at  EUR 3.76, an increase of  EUR 0.311. BOV’s year-to-date performance has

now increased to an impressive 30.03 per cent, as the equity traded at a low of

 EUR 3.605 and a high of  EUR 3.95 on the week.

The share price of Lombard Bank plc registered a rise of six per cent, as 19,776

shares changed hands on 15 transactions. The closing share price for the week

was  EUR 2.65, a rise of  EUR 0.15. Yesterday’s decline of 1.85 per cent

negatively affected some of the gains registered on Monday and Wednesday.

HSBC

Bank Malta plc registered gains of  EUR 0.101, closing the week at  EUR 2.85, therefore edging 3.67 per cent

higher on the week. HSBC decreased only on Thursday, with a decline of 3.42 per

cent, although having increased on three other trading sessions. The equity

registered 80 deals of 104,582 shares spread evenly throughout the week.

FIMBank

plc

was the only banking equity to remain unchanged this week, closing at USD 1.14,

with 64,901 shares changing hands across 12 deals.

Malta

International Airport plc registered an increase only on Monday,

with a rise of 4.71 per cent, having remained unchanged on other trading

sessions. The equity closed the week at  EUR 2.20, thus increasing by  EUR 0.099 on the week as 24,200 shares changed

hands on 16 transactions.

Crimsonwing

plc registered

a massive downturn of 25.45 per cent, closing at  EUR 0.29, as 20,000 shares changed hands

across two deals.

Middlesea

Insurance plc (MSI) lost

an overwhelming 21.88 per cent this week, with 5,502 shares changing hands over

11 deals. MSI’s year-to-date loss is now just under 51 per cent, closing the

week at  EUR 1.25, a decline of  EUR 0.35. The Company announced that it will

be holding an Extraordinary General Meeting in order to propose an increase in

the authorised and issued share capital of the company.

Island

Hotels Group Holdings plc saw a rise of one per cent in its share

price, having closed the week at  EUR 1.01,

as only 500 shares changed hands on a single deal.

GO plc share

price ended the week on another positive note as yesterday’s price reached a

high of  EUR 1.66 an increase of 1.84 per

cent over the previous week, for a total of 33,850 shares across 20 trades. GO

plc register an increase in price on Tuesday and Friday, with the remaining

trading days ending the sessions unchanged.

Meanwhile Medserv registered a marginal loss of 0.03 per cent, having closed

the week at  EUR 3.998, as 750 shares

were traded across one single deal.

MaltaPost

plc

closed the week in decline of almost 8 per cent, with 31,799 shares changing

hands over 12 transactions, with the price standing at  EUR 0.60. The biggest loss was registered on

Wednesday, when the price fell by 6.92 per cent.

International

Hotel Investments plc saw a rise in its share price, having

closed the week at  EUR 0.85, an increase

of 3.66 per cent over the previous week. A total of 24,830 shares changed hands

across 14 deals.

Next Monday, application for the Malta

Government Stock (MGS) will open to the public. In total Euro 80m MGS,

are being offered and made available in any combination of the following

issues: i) 3.6% MGS 2013 (IV) F.I. at Euro 100.75 with

a YTM of 3.393%; (ii) 4.6% MGS 2020 (II) at Euro 100

and (iii) Floating Rate MGS 2015 (V) Linked to the 6 Month Euribor. The issue

is subject to an over-allotment option of Euro 20m.

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].