Financial news
MSE daily report
It was a busy end of week session on the Malta Stock Exchange with eleven equities trading and volumes just shy of 100,000 shares. The MSE Index registered a decline of 0.4 per cent to finish the week at 4,659 points. This was brought about by reductions in the heavy weighted banking shares which offset the positive gains elsewhere.
Simonds Farsons Cisk ended with the highest percentage gain of two per cent, at the equity close at €2.50, over a single deal for 2,000 shares.
Following Thursday's publication of its full year 2007 results, which showed an 18.1 per cent in its pre tax profits, 1,880 Lombard shares were exchanged during yesterday's session with a total of 4 deals all struck at the €13.20-level. This represents a 1.5 per cent gain on the previous day.
Trading activity in MaltaPost pushed the price slightly higher resulting in a gain of 0c1 or 0.1 per cent, over two transactions for a total of 32,030 shares. Plaza Centres attracted relatively good volume trades, with a total of 10,230 shares being exchanged over six deals. This activity brought about a slim gain to the price which terminated at the €1.70-level.
FIMBank shed 16.7 per cent to trade at $1.742 as the equity finally reacted to the fact that the shares started trading without the right of a one for five bonus issue.
Bank of Valletta suffered a 6c4 loss to close at €5.74, on 6,312 shares struck across nine deals. Similarly, HSBC Bank Malta closed lower by 2c8 or 0.6 per cent to terminate the week at €4.39.
Malta International Airport commenced trading 5.4 per cent lower at €3.15,1 as a rather aggressive seller offloaded shares immediately as trading commenced. A subsequent purchase order executed later in the session, restored the price back to the €3.325-level.
On the other hand, trades exchanged in Crimsonwing, Datatrak Holdings and Go did not alter their previous price levels.
This article has been prepared by Bank of Valletta p.l.c. (the Bank), which is licensed to conduct investment services business by the MFSA, for your general information only. This information is not a solicitation or offer by the Bank to acquire or sell securities. Nor does it constitute any form of advice by the Bank. Appropriate advice should be obtained before making any such decision. Past performance is not necessarily a guide to future performance and the value of your investments may fall or rise.