MSE

Trading Report for week ending October 14, 2011

Index

trades marginally higher

As opposed to last week’s minimal loss

the Malta Stock Exchange (MSE) managed to trade marginally higher by gaining

0.5 per cent to end the week at 3,120.445 points. The index experienced quite a

positive week as it traded in positive territory in three out five sessions

with International Hotels Investments plc

(IHI), Lombard Bank plc and Malta International Airport plc proved

to be a key source of support. Volatility was on a high note this week as total

trading volume reached 578,406 shares which were executed over 181

transactions, while turnover amounted to Eur888,804. Activity was spread across

14 equities, of which seven appreciated in value, three lost ground and four closed

unchanged.

Meanwhile, in the Government Stock Market bond

investors’ enthusiasm was dampened, as from the 13 active issues 12 traded

in negative territory and one registered a minimal gains, as globally shares

traded higher and safer bonds traded lower. The long-dated 5.25% MGS 2030 was the most liquid issue as turnover reached Eur410,581.

In the Corporate Bond Market trading

volume amounted to 960,612 nominal, traded over 27 issues with running yields

experiencing dissimilar directions, as six gained ground, nine posted losses

and 12 closed sideways. The 6.5% IHI

2012-2014 bond headed the list of losers as it recorded a loss of two per

cent.

In the equity

market, Lombard Bank plc was the

best performing banking equity as its share value surged by 5.02 per cent. The

banking equity was active in the first four sessions of the week, as it closed

unchanged on Monday and Tuesday, but closing lower in the mid-week session. On

Thursday the Bank closed markedly higher by registering a gain of 5.4 per cent

to end the week at Eur2.72. This despite a total of 3,520 shares changing

ownership over five transactions. Likewise, FIMBank plc managed to move in line with its peer, as 0.13 per cent

was added to its share value with the equity being active during one session.

One deal of 17,944 shares was executed on Thursday.

On the contrary, for the third week in a row Bank of Valletta plc shares headed

south by recording a loss of two per cent to end the week at Eur2.45. The Bank

was active in all five session as it depreciated in three, while it posted

gains in the remaining sessions. The equity had the lion’s share as total

trading value reached Eur345,474 which were traded over a total of 140,323

shares. Similarly, HSBC Bank Malta plc

was also on the downside as it slipped by 0.4 per cent across 29 trades worth Eur60,261

to end the week at Eur2.64. Meanwhile, the other active financial equity, Middlesea Insurance plc closed

unchanged at Eur0.92 over two sessions with a total of 5,338 shares being

traded.

International

Hotels Investments plc shares put together some solid gains

by snapping a 3.1 per cent increase to end the week at Eur0.82. The hoteliers

operator was active across three sessions in which it traded flat on Monday,

posted a loss in the following session, while it advanced during the last

trading day of the week. Malta

International Airport plc was the top performer for the week, as the

airport operator rallied by 5.8 per cent or Eur0.09 to reach a three month high

of Eur1.66. Trading volume amounted to 102,920 shares which were dealt across

21 trades.

From the beverage sector Simonds Farsons Cisk plc saw its price increasing by 1.7 per cent

to end the week at Eur1.83. Furthermore, both RS2 Software plc and Maltapost

plc registered some modest gains, as the former appreciated by 1.5 per cent

over 12,500 shares to end the week at Eur0.599, while the postal operator

gained 1.1 per cent across 17 trades of 80,955 shares to close the week at Eur0.99.

On a negative note, Grand Harbour Marina plc slipped by one per cent over 9,400 shares

to close the week at Eur1.95. Meanwhile, GO

plc shares closed unchanged at Eur1.10. On Wednesday the telecommunications

equity tumbled by 6.1 per cent to close the session at Eur1.052, just above its

all time low of Eur1.05. In the following session the equity partially

cancelled the losses incurred by gaining 4.6 per cent. The other non-movers for

the week were Plaza Centres plc and Crimsonwing plc which maintained their

previous closing prices at Eur1.80 and Eur0.338 respectively.

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]