MSE

Trading Report for week ending June 28, 2012

Index

succumbs to IHI negative performance

Following Friday’s

Public holiday the Malta Stock Exchange

(MSE) Index failed to re-position itself in green ground as it recorded a

further decline of 0.9 per cent to end the week at 3,022.168 points. The index oscillated between

positive and negative ground with Thusday’s

session being the worst session as it recorded a significant loss of 0.9 per

cent.  The main dragger for the week was International Hotels Investments plc

which got hammered in Thursday’s session, while Bank of Valletta plc drifted lower for the second consecutive week.

Conversely, Simonds Farsons Cisk plc

upheld their positive stance with a further appreciation.  

The week was

characterised by 10 equities being active, in which gainers and non-movers

tallied to three, while losers totalled to seven. Total turnover for the week

amounted to EUR276,329 traded over 202,000 shares which were executed across 63

transactions.

In the local Government stock market, investors

lacked confidence, as from the 19 active stocks, 14 closed lower, four moved

higher and one closed unchanged. In the week turnover was on high trading

values of just over 22.7m with 45 per cent being traded within the 7.8% MGS 2013 issue. In the Corporate

Bonds yields took dissimilar directions, as seven advanced in value, five

edged lower, while nine closed unchanged. The 7.5% MIH 2015 headed the list of gainers with a two per cent

appreciation.

In the equity market, Bank of Valletta plc declined by a

further 0.4 per cent to close the week at EUR2.06. the banking equity was

active over three sessions as it shifted from negative to positive over a total

of 21 transactions which consisted of 43,816 shares. Conversely, HSBC Malta plc managed to recuperate some

of the losses it incurred in the previous week by gaining 0.4 per cent, with

Thursday’s session being the main determinant as the equity appreciated by 1.2

per cent. A total of 10,655 shares changed hands across 13 trades to close the

week at the EUR2.51 price level. Meanwhile, on Thursday the company announced

that the board of directors is scheduled to meet on August 7, 2012, to approve

the Group’s and Bank’s interim accounts for the half-year ending June 30, 2012.

Likewise, Middlesea Insurance plc closed the week higher by 1.6 per cent over

12,724 shares to close the week at EUR0.64. On the contrary, from the same

sector, Global Capital plc plunged

by 11.7 per cent over one transactions of 400 shares to close at the EUR0.83

price level. Meanwhile the other active financial was Lombard Bank plc which closed flat at EUR2.20 over a single deal of

500 shares.

From the hoteliers sector, International Hotels Investments plc

plummeted by 5.6 per cent in the last session of the week to close at EUR0.85.

A total of 1,050 shares were traded over two sessions. Similarly, following its

recent bullish trend, GO plc shares

closed minimally lower by 0.4 per cent across a single session of 2,500 to

close the week at EUR1.175. Grand

Harbour Marina plc slipped by 1.1 per cent over a significant volume of

30,000 shares to close at EUR1.828.

From the I.T. sector, both 6PM Holdings plc and Crimsonwing plc registered a markable

loss, with the former declining by 8.6 per cent over a single trade of 1,000 shares,

while the latter lurched downwards by 7.1 per cent over 36,335 in volumes to

close at EUR0.26. Meanwhile, the other active I.T. operator was RS2 Software plc which closed flat at EUR0.50.

Finally, Simonds Farsons Cisk plc shares advanced to a new record high of EUR2.15

for the year, as they surged by 7.5 per cent, thus totalling a gain of 19.4 per

cent on a year-to-date basis.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]