MSE

Trading Report for week ending September 14, 2012

Most

shares trade in positive territory

The Malta Stock Exchange (MSE) Index managed

to partially snap back last week’s significant loss with a 0.7 per cent

appreciation to close the week at 3,075.727 points. The index experienced a

relatively positive week as it traded higher in three sessions. As opposed to the

previous week major banking equities returned to positive trading with Bank of Valletta plc shares cancelling

most of the losses incurred in the previous week, followed by HSBC Bank Malta plc which registered a

scant gain. On the contrary, Lombard

Bank plc upheld its negative saga and traded at a new low.

Throughout the week

investors’ confidence was bolstered, as from the 10 active equities seven edged

higher, two closed flat, while the other drifted lower. Total turnover for the

week amounted to EUR866,959 traded over a total 843,471 shares which were

executed across 105 transactions.

In the Malta Government Stock market, following the recent sell-off momentum,

throughout this week investors opted for a relatively balanced approach as

headlines from abroad imposed mixed feelings among investors. In fact, from the

22 active stocks 12 closed lower, nine gained ground, while the other closed unchanged.

Turnover in the week totalled just over EUR2.6m, of which 17 per cent were

traded within the 4.3% MGS 2022.

In the Corporate Bonds market, yields were

mixed as from the 21 active issues five traded in positive territory, six

recorded losses, while 10 closed flat. Following weeks of gains the 7.15% MIH GBP 2015-2017 headed

southwards with a 2.4 per cent depreciation.

In the equity market, Bank of Valletta plc retuned to

positive trading following last week’s decline. The equity advanced by 1.3 per

cent or EUR0.03 to close the week at EUR2.275. The banking equity was active

throughout the entire week as it gained two per cent on Monday, closed

unchanged in the following session, while it posted an equal 0.2 per cent

depreciation in the remaining three sessions. A total of 28,761 shares changed

hands across a total of 29 trades.

In line with its peer, HSBC Bank Malta plc rose by 0.2 per

cent, thus partially snapping back last week’s loss. The equity was active over

26,530 shares which were dealt over 17 deals to close the week at EUR2.74.

Conversely, Lombard Bank plc

extended its stream of losses for the fourth week in a row, as it lurched

downwards by a further 0.5 per cent, thus touching a new all time record low of

EUR1.93. The equity was active over four sessions, in which it gained ground in

one, turned negative in another, while it closed flat in the last two sessions

of the week.

The other active bank, FIMBank plc, closed the week unchanged

at $0.80 over two sessions. Activity was dealt over two trades totalling 29,250

shares.

On a positive note, from the

telecommunications industry, GO plc

recouped 0.6 per cent to close the week at the EUR0.855 price level after

trading at an intra-week high of EUR0.87. The equity swayed from positive to

negative in three sessions, while it traded flat on Tuesday. Turnover was on

high volumes of 678,050 shares which were dealt across 41 transactions.

Likewise, both Malta International Airport plc and Maltapost plc managed to close the week on higher grounds. The former

advanced by a further 0.5 per cent following last week’s gain, as investors

displayed confidence following the positive traffic results for the month of

August. A total of 50,000 shares were dealt over a single transaction to close

the week at EUR1.759. Meanwhile, the latter managed to gain 1.2 per cent on

very low volume, following a stream of negative performances to close the week

at EUR0.64.

The other gainer for the week was Midi plc which partially managed to cut

back last week’s huge loss with 12 per cent gain on a meagre 900 shares. The

equity closed the week at the EUR0.28 price level, thus a change of EUR0.03.

Likewise, from the beverage sector, Simonds

Farsons Cisk plc re-touched the EUR2.10 price level by gaining just below

two per cent over a mere 480 shares.

Finally, the other non-mover for the

day was Malita Investments plc which

closed at EUR0.52 after trading at an intra-week low of EUR0.519.

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]