MSE

Trading Report for week ending December 11, 2009

MSE

index at highest level this year

The Malta

Stock Exchange Index climbed to

its highest level for the year only yesterday as it soared by 2.44 per cent to

reach 3,421.056 points. The Index traded during four sessions this week due to

a public holiday on Tuesday, all of which ended in positive territory. During

the mid-week session the Index registered the highest gain of the week of 1.261

per cent while minimal gains were registered across the remaining three

sessions. Activity was more or less stable throughout the week with the

exception of Wednesday’s session as the total volume of shares traded increased

by 42 per cent over Monday’s session. Twelve equities were traded with eight

ending in positive territory, while the remaining four closing in the red.   

A total of 260 deals were registered this

week with a turnover of over €6m, down from nearly €17m last week. In the equity market 141 deals were executed

for a total value of €421,993 while in the corporate

bond market 92 transactions were registered for a value traded of €646,165.

A total of 26 deals were registered in the government

bond market for a value of just over €1.05m. In the treasury bills market, one single transaction was executed for a

total value of over €4.4m.

GO plc was the

most liquid equity on the MSE during the week as 43,549 shares changed hands

across 34 transactions. The equity traded during all four trading sessions

registering gains on Monday, repealed all the gains on Wednesday, remained

unchanged on Thursday and finally registering a gain of just over 2 per cent

during yesterday’s session. This resulted in GO’s share price reaching a new

high for the year as the price now stands at €2.03. The equity’s positive

year-to-date performance now stands at 15.87 per cent.

Likewise, Bank of Valletta plc (BOV)

appreciated just over 2 per cent as nearly 21,000 shares were traded across 30

transactions, having traded in all this week’s sessions. The equity kicked off

the week in decline, but during the mid-week session recouped all the losses.

It traded unchanged on Thursday, while soared by 2.16 per cent yesterday on a

weekly minimum of 931 shares. Hence the equity’s closing price now stands at €3.78,

€0.08 higher over the previous week, and 30.72 per cent up on the year.

HSBC

Bank Malta plc was the second most active equity as it gained a mere

0.93 per cent. Out of the three most capitalised equities, HSBC was the only

equity to close either in positive or stable territory during the week. In fact,

the equity appreciated on Monday and Wednesday by 0.62 per cent and 0.31 per

cent respectively to reach a weekly high of €3.259, maintaining a closing price

of €3.25 during the last two trading sessions. Similarly to last week nearly

40,000 shares were traded over 32 transactions. This week’s positive

performance enhances further the equities year-to-date performance which now

stands at 20.37 per cent.

Meanwhile, Middlesea Insurance plc (MSI) for the second week running ended in

the red, as trading volume went down by over 32,000 shares over the previous

week. Sixteen transactions of 33,820 shares were executed as the price declined

by 0.63 per cent, and now stands at €0.63.

The equity lost value on Monday,

registered gains during the mid-week sessions, while it unleashed some losses

on Thursday.  

On the contrary Lombard Bank plc retracted last week’s negative performance to

close this week up by 3.24 per cent to reach a yearly high of €2.87. The equity

traded during three sessions all ending in positive territory as a volume of 27,109

shares were negotiated over 17 transactions. The equity’s year-to-date loss now

hovers around 4 per cent.

Only three transactions were executed in FIMBank plc and International Hotel Investments plc (IHI) as similar volumes were

traded over the week. The banking equity closed the week in decline having

traded only during the week’s opening session over which a weekly high of €1.187

was reached. Just over 14,000 shares depreciated the price by 0.9 per cent, as

the price now stands at €1.10.  Meanwhile

IHI registered a hefty gain of 9.33

per cent as just under 14,000 shares propelled the price to €0.82.

Similarly to last week Malta International Airport plc (MIA) registered only one single

deal of 1,300 shares during the mid-week session as the equity lost some ground

closing at €2.389. Likewise Simonds

Farsons Cisk plc traded only on Thursday as one transaction was executed.

The equity lost 1.21 per cent across 1,395 shares and the price now stands at €1.63.

For the sixth consecutive week MaltaPost plc ended the week on a

positive note as the equity registered a meagre gain of 0.15 per cent. The

equity was active only on Thursday as two transactions of 2,000 shares were

executed with the equity closing the week at €0.651.

Crimsonwing

plc was

the best performing equity of the week as a hefty 19.35 per cent was gained

over one single transaction. The equity traded only on Wednesday as 4,000 shares

lifted the price to €0.37. Similarly another single transaction in Santumas Shareholding plc of 550 shares

elevated the price by just over 4 per cent to reach €2.601. 

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].