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]