MSE

Trading Report for week ending December 3, 2010

Gainers

and losers tally

Despite three positive sessions during

the week, the Malta Stock Exchange Index

lost 0.54 per cent, which was mainly due to a drop of 0.671 per cent registered

on Monday. The Index suffered its second consecutive weekly loss closing the

week at 3,470.976 points. The number of gainers and losers tallied at five in

the equity market, while two other equities remained unchanged. Trading volume

during the week rose to 383,380 shares with activity in FIMBank plc shares again dominating the market.

Turnover in the Corporate Bonds market increased significantly this week, from last week’s Eur1.36m to Eur5.37m,

however this was mainly due to the repurchase of Eur3.75m by Baystreet Finance plc 2012 of its 8%

Bonds. This repurchase by the company amounts to 63.4% of the original amount

of Bonds outstanding. Mean while in the Government

Stocks market a nominal of 1.47m was traded across 90 deals, reaching a

value of Eur1.55m. In the Treasury Bills

market a single trade worth Eur1.94m was registered.

After last week’s return to trading, GlobalCapital plc shares this week led

the way for positive performers, with a staggering rise of 26.38 per cent

yesterday, or Eur0.263. The equity closed the week at Eur1.26, with 21,800 shares

being exchanged over four deals, and thus almost bouncing back to last week’s

closing price of Eur1.28.

FIMBank

plc shares were the best performers in the

banking sector, as shares traded increased to 146,746

across six deals, with trade being almost equally concentrated on two sessions.

FIMBank’s share price appreciated to by 2.15 per cent to $0.95 on Monday,

remaining intact during the following trading session.

The share price of Bank of Valletta plc returned to

positive territory as its gain this

week matched last week’s decline of 0.54

per cent.  Volatility in the equity’s share

price was again low, trading between Eur3.679 and this week’s closing share

price of Eur3.70. Volume traded decreased slightly on the week amounting to

56,766 shares over 70 deals.

Conversely, HSBC Bank Malta plc shares continued

to fall, closing the week 1.7 per cent lower at Eur2.89, after trading at a

high of Eur2.93 and a low of Eur2.88, with trading volume increasing

significantly to 75,949 shares across 40 trades.

Lombard

Bank plc closed the week unchanged at Eur2.57, having

registered two transactions of 3,600 shares. Similarly, RS2 Software plc share price remained flat at Eur0.50 from Monday

to Wednesday, as 4,000 shares changed hands across three deals.

On the other hand, Simonds Farsons Cisk plc was the worst performer this week, with a

drop of 2.86 per cent on Tuesday, while trading unchanged yesterday. The equity

closed at Eur1.70, as equities changing hands amounted to 2,114 over two trades.

In contrast, GO plc shares advanced by Eur0.01 or 0.53 per cent, to close the

week at Eur1.91, as shares traded totalled 35,940 shares on 16 deals.

On the negative side, MaltaPost plc share price retreated by

2.11 per cent, or Eur0.02. A total of 8,606 shares changed hands across five

deals, and thus lowering the share price to Eur0.93.

Likewise, Middlesea Insurance plc lost in value this week, as its share

price fell marginally lower to Eur1.045. Declines of 0.29 per cent and 0.19 per

cent were registered on Wednesday and Thursday, while remaining flat yesterday,

as these movements were backed up by 8,000 shares over four trades.

Malta

International Airport plc was the other gainer this week, as its

shares rose by 1.23 per cent in value, to close at Eur1.645, with 3,627 shares changing

hands on five transactions. On the other hand, International Hotel Investments plc lost 1.95 per cent, having

registered six deals of 16,232 shares, reducing its share price to Eur0.755, a

decrease of Eur0.015.

During the week, Crimsonwing plc issued its Interim Financial Statements for the

six-month financial period ending September 30, 2010. Profit after tax for the

six-month period declined minimally from Eur151,510 to Eur148,034, however the

income tax expense lose from Eur1,934 to Eur145,238. The company also reported

that revenue for the 6months increased to Eur7.06m, a rise of 17.5 per cent.

On Thursday, the Directors of MIDI plc announced that an EGM was held

on December 2, 2010 where a resolution was passed to enable companies that are

Connected Persons of some of the Directors to participate in the share issue.

This was followed by another announcement confirming that the share issue had

closed.

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]