MSE

Trading Report for week ending July 13, 2012

HSBC

shares extend gains     

For the second week

in a row the Malta Stock Exchange (MSE)

Index sustained its upward trend by gaining a minimal 0.2 per cent to end

the week at 3,041.316 points. In the week the index oscillated between positive

and negative ground with total turnover amounting to EUR666,703 traded over 12

equities, in which gainers, losers and non-movers tallied to four. Trading

volume amounted to just over one million shares traded over a total of 82

transactions.

Banking equities

emerged as key determinants for the index appreciation, with HSBC Bank Malta plc garnering support

for the second consecutive week, while Bank

of Valletta plc and FIMBank plc

managed to close the week on a positive note by recording scant gains.

Conversely, GO plc partially shed

its recent strong gains by registering a sharp loss on low volumes.   

In the local Government Stock market, stocks

were snuffed out with renewed buying interest, as from the 21 active issues 19

traded in positive territory, while two posted minimal losses. Total trading

value for the week amounted to just over EUR13.1m with the 3.6% MGS 2013 being the most liquid as turnover amounted to over

10m nominal. Meanwhile, in the Corporate

Bonds market yields were mixed, as from the 28 active issues nine gained

ground, 11 closed unchanged, while eight sagged lower. The worst performer for

the session was the 5.6% Global Capital

plc 2014/15 which plummeted by 5.1 per cent.

In the equity market, HSBC Bank Malta plc extended its

positive stance for three weeks in a row by recording a further gain of 2.3 per

cent to close the week at EUR2.67. The equity was active in four sessions in

which it registered the said gains in two sessions, while it closed unchanged

in the other two. Total trading volume reached 32,102 which were traded across

20 deals.

Likewise, Bank of Valletta plc managed to halt its recent downward trend by

recuperating a minimal 0.2 per cent to its share value. The banking equity was

active throughout the week with turnover reaching 92,011 shares which were

dealt across 36 trades to end the week at EUR2.055. The other active bank was FIMBank plc which advanced by 1.2 per

cent to re-touch the $0.86 price level, thus maintaining the pole position of 11.7

per cent on a year-to-date basis.

The other active financial was Middlesea Insurance plc which closed

flat at EUR0.64 over a single session of 3,000 shares.

From the hoteliers sector, International Hotel Investments plc shares

rose by a meagre 0.12 per cent, as 3,170 shares changed hands over three

transactions to close the week at EUR0.85.

Conversely, from the telecommunication

sector GO plc shares mirror imaged

last week’s performance with significant loss of 9.9 per cent, thus recording a

decline of 15.4 per cent over two weeks. Activity was spread over 1,950 shares

which were dealt across two trades to close the week at EUR1.00. Meanwhile, on

Friday the company announced that Mr. Markus Golder has been appointed as Chief

Commercial Officer while Mr. David Kay resigned from Chief Executive Officer

for personal reasons.

Also on a negative note both, Plaza Centres plc and Midi plc ended the week on a sour note

across high volumes. The former slipped by 3.5 per cent over 321,000 shares to

close at EUR0.579, while the latter plunged by 6.1 per cent three trades worth EUR167,400

to close at EUR0.31. Likewise, Island

Hotels Group Holdings plc edged lower by a minimal 0.5 per cent to move

towards the EUR0.845 price level.

Meanwhile, the other non-movers for

the week were Malta International

Airport plc, Simonds Farsons Cisk

plc and RS2 Software plc which

closed at EUR1.75, EUR2.00 and EUR0.50 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]