Index wipes out 0.9 per cent from last weekâ
MSE
Trading Report for week ending November 25, 2011
Index
wipes out 0.9 per cent from last week’s gains
The Malta Stock
Exchange (MSE) index surrendered some of the gains recorded in the previous week
by recording a loss of 0.9 per cent to end the week at 3,127.594 points. The
index endured a torrid week, as it headed southwards in four out of five
sessions, with the negative performance by HSBC
Bank Malta plc and Go plc being
the primary cause for the index’s negative close. Trading volume throughout the
week decreased drastically to 246,144 shares with Bank of Valletta plc being the most traded equity. Turnover in the week reached EUR457,009 which was
traded over nine equities, of which gainers and non-movers tallied to two,
while losers totalled to five.
Meanwhile, the negative sentiment which
lately surrounded the Malta Government
Bonds market was this week re-affirmed. In fact all 12 stocks active this
week recorded losses, which ranged from a mere 0.16 per cent to 2 per cent
recorded by the 4.6% MGS 2020. This bond once again headed the list of losers
as it hampered by a further 2.03 per cent. In the Corporate Bond Market, yields took a divergent approach as from the
23 liquid stocks five appreciated in value, seven edged lower while one closed
flat.
In the equity market, HSBC Bank Malta plc laid down the gains it recorded in the previous week as it got hammered
by a loss of 3.4 per cent or EUR0.09 to end the week at EUR2.60. The bank was
active in four sessions during the week in which the heaviest loss was
registered on Wednesday as the equity slipped by 2.2 per cent over
insignificant volume. In the following two sessions the equity continued to
depreciate in value by recording losses of 0.8 per cent and 0.4 per cent
respectively. A total of 33,537 shares changed ownership over 26 transactions.
The other active banking equity, Bank
of Valletta plc maintained its previous price at EUR2.50. The equity
commenced trading in the first session of the week were it closed unchanged,
while it posted gains in the following two sessions. On Thursday the equity
contracted by 1.2 per cent while it closed unchanged in the last session of the
week. The bank had the lion’s share as total trading value reached EUR284,616
traded over 40 transactions. On Thursday the company presented the resolutions for consideration at the 38th Annual
General Meeting which is scheduled to be held on Friday December 16, 2011.
From the hotelier’s
sector, International Hotels Investments
plc was the week’s overall best performer as it rose by a further 1.1 per
cent. On Monday the equity came under selling pressure as it tumbled by a
strong 7.1 per cent over 1,000 shares to close the day at EUR0.78. However, on
Tuesday the hotels operator equity reversed all the losses incurred in the previous
session as it surged by a sharp 8.9 per cent over 46,547shares. The equity
closed the week at EUR0.849. The other positive performer for the week was Malta International Airport plc which
appreciated by a minimal 0.6 per cent on Friday to end the week at EUR1.70.
From the telecommunications sector, Go plc surrendered most of the gains it
registered in the previous week by snapping a loss of 1.9 per cent. The equity
was active in two sessions, were it closed unchanged on Monday over low volumes
of 801 shares. In the mid-week session the equity slipped by 1.9 per cent over
3,000 shares to notch the price down to EUR1.04. Likewise, from the beverage
sector, Simonds Farsons Cisk plc
eased lower by 1.1 per cent on Tuesday to close the week at EUR1.81.
Maltapost plc was also among the list of losers, as the
postal operator declined by 3.1 per cent to close at a price level of EUR0.95.
A total of 2,975 shares changed hands over two deals which were dealt across
two sessions. From the I.T. sector, Crimsonwing
plc failed to sustain last week’s rally by posting a loss of 14.3 per cent on
Monday to close the week at EUR0.30.
Meanwhile, the other non-mover for the week
was Midi plc which maintained its
previous closing price at EUR0.39 over a single session of 20,000 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]