MSE

Trading Report for week ending October 22, 2010

Activity declines on the MSE

The Malta Stock Exchange Index returned to negative territory this

week, having closed the week at 3,340.478, a fall of 0.23 per cent as trading

activity across all markets fell from 541 deals to 388 deals. The Index

registered its heftiest decline on Tuesday, a fall of 0.508 per cent, while

increasing by 0.31 per cent the next session. Although the Index closed lower

on the week, five out of the 13 traded equities closed in positive territory,

four declined and another four remained unchanged.

Turnover decreased in almost all

markets, excluding the Treasury Bills

market, as it rose from Eur1.2m to over Eur5.79m. In the equity market turnover declined by

almost half compared to last week, thus totalling Eur545,723. In the Corporate Bond market turnover remained

relatively stable at Eur646,166 on 82 deals, while in the Government Stock market 171 trades were executed for a total value

of over Eur3.41m.

Malta

International Airport plc was the best performer this week, as

the equity appreciated by 2.7 per cent. The closing share price was Eur1.60, as

the equity saw 26,220 shares change hands across eight deals. The share price

of MaltaPost plc also closed the

week higher with a gain of 2.22 per cent, or Eur0.02, registered on Friday,

closing the week at Eur0.92, as 6,172 shares changed hands over three trades.

MaltaPost now stands at a year-to-date gain of 31.43 per cent.

None of the banking equities

registered any gains this week. The worst performer in this sector was Lombard Bank plc, with a depreciation

of 3.7 per cent in its share price. The equity closed the week at Eur2.60, with

5,860 shares changing hands on three deals.

HSBC

Bank Malta plc continued to lose ground this week, with a fall of one per cent. HSBC

registered declines on three trading sessions, while increasing on a trading

session and remaining flat on Monday. A low of Eur2.75 was registered during

the week, while a high of Eur2.798 was registered on Monday. A total of 39

deals were registered, consisting of 55,100 shares, with the equity’s share

price closing at Eur2.77, thus increasing the year-to-date loss to 14.24 per

cent.

Bank

of Valletta plc closed the week unchanged at Eur3.24 and was the most traded

equity this week, with 57,571 shares changing hands over 45 transactions, for a

total value of Eur185,729. From Wednesday to Friday, the Bank registered gains

of 0.31 per cent in each session, as it recovered from a decline of 0.93 per

cent registered on Tuesday. This week the Group announced that the Board of

Directors would be meeting on Friday, October 29, 2010 to approve the Annual

Audited Financial Statements for the year ending September 30, 2010 and to

consider the declaration of a final dividend, to be recommended at the Annual

General Meeting.

FIMBank

plc shares also closed flat at $0.95 yesterday,

on three trades of 6,000 shares.

GO

plc registered a rise of 1.63 per cent, which

was spread equally across three trading sessions, with a gain of 0.54 per cent

in each of the sessions. The equity’s share price closed at Eur1.87, an

increase of Eur0.03, having registered 13 trades of over 36,000 shares.

Crimsonwing

plc was the worst performing traded equities,

with a loss of just over 9.5 per cent. Due to this fall, the equity’s

year-to-date performance slipped into the red by 2.56 per cent. The closing

share price was Eur0.38, as 39,449 shares were traded on three deals.

Intra-week the equity traded at a low of Eur0.35.

A single trade of 1,000 shares in Grand Harbour Marina plc closed the

week 1.02 per cent higher at Eur1.98.

Middlesea

Insurance plc and International

Hotel Investments plc closed the

week unchanged at Eur1.00 and Eur0.80 respectively, as the former registered

two deals of roughly 6,800 shares, while the latter had 37,500 shares changing

hands over nine transactions.

The share price of Simonds Farsons Cisk plc retreated by

1.71 per cent yesterday, or Eur0.03, following last week’s gain of 7.03 per

cent. The equity closed at Eur1.72,

with a volume of 5,740 shares changing hands across three deals.

On the other hand, the share price of Plaza Centres plc yesterday registered a rise of Eur0.015, or 0.89

per cent, closing at Eur1.70, on a single deal of 5,400 shares.

This article which was compiled by Atlas

JMFS Investment Services Limited, does not intend to give investment advice and

the contents therein should not be construed as such. Atlas JMFS is licensed to

conduct investment services by the MFSA and is a Member Firm of the Malta

Stock Exchange. 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 Atlas JMFS at 67, Level 3, South Street, Valletta,

or on Tel: 21224410, or email [email protected]