Treasury announces MGS issue as MSE recovers 1.38 per cent
This week the Malta Stock Exchange index closed at 3,519.719 points, at a gain of 1.38% over last week. Since the beginning of the year the index lost 28.72%. During the week, 14 equities were negotiated, with four closing in positive territory, eight...
This week the Malta Stock Exchange index closed at 3,519.719 points, at a gain of 1.38% over last week. Since the beginning of the year the index lost 28.72%. During the week, 14 equities were negotiated, with four closing in positive territory, eight in negative territory and two remaining stable. During the week Go plc was the best performer while Middlesea Insurance plc lost most territory.
A total of 303 deals were registered on the stock exchange for a turnover of over €5.3 million. In the equity market 201 transactions were carried out for a total value of €878,395. In the corporate bond market 76 transactions for a total value of €454,774 were carried out, while in the government bond market 16 transactions were executed for a value over €1.6 million. Ten transactions were carried out in Treasury Bills for a value of over €2.3 million.
On Monday, the Treasury announced the issue of two new Malta Government Stocks for a total amount of €50 million, subject to an over-allotment option of up to a further €15 million. While the 5.1% MGS 2014 III will be offered at €101.50 for every €100 nominal, giving a yield to maturity of 4.79% per annum, the 5.0% MGS 2021I will be offered at €99.50 for every €100 nominal, giving a yield to maturity of 5.05% per annum. Subscriptions will be available for the public as from Monday October 20 and will close on Wednesday October 22, 2008.
The most active equity during the week was the banking sector where both Bank of Valletta plc and HSBC Bank Malta plc ended the week in positive territory as they appreciated by 2.78% and 3.45% respectively. The share price of Bank of Valletta plc closed at €3.70 from €3.60 as 79,828 shares changed hands across 74 deals, for a total value of €293,846. The equity traded at a low of €3.549 and at a high of €3.75. The share price of HSBC Bank Malta plc closed at €3 from €2.90 at the end of the previous week as 75,932 shares changed hands across 61 deals for a total value of €222,428. HSBC shares traded at a low of €2.849 during the week. Lombard Bank Malta plc lost 0.71% and closed at €2.949 while FIMBank plc lost 1.84% as it closed at $1.60. The volumes traded were 28,219 shares and 8,550 shares respectively.
Go plc saw its share price increase by 5% during this week as it closed at €2.10 from €2 last week. Twelve transactions were carried out as 11,441 shares changed hands for a total value of €23,611. Simonds Farsons Cisk plc also increased in value as its share price appreciated by 1.15% and closed at €2.63. This happened as only 1,500 shares changed hands across three deals.
Middlesea Insurance plc experienced a decline in its value as its share price dropped by 6.75% to €2.75. This was the result of just 2,000 shares changing hands across three deals for a total value of €5,520. The share price of Malta International Airport plc dropped by 5.17% and closed at €2.75 on six transactions for a total volume of 17,325 shares. RS2 Software plc experienced a drop of 2.19% from €0.821 to €.803 on a single deal of 30,000 shares. The share price of Crimsonwing plc dropped by 0.40% and closed at €0.498 as three deals were executed for a total volume of 49,000 shares. MaltaPost plc saw its share price drop by 0.24% from €0.82 to €0.818 as 16,000 shares were traded across seven deals.
Grand Harbour Marina plc saw its share price decrease by 0.05% from €2.20 to €2.199 on four deals of a total volume of 15,300 shares. On Wednesday Grand Harbour Marina plc issued its Interim directors' Statement in which the directors confirmed the sale of a second 30-metre super-yacht berth also concluded for a value of €0.5 million. This was initially announced on September 18 through the company's majority shareholder Camper & Nicholsons Marina Investments Ltd.
The share price of Santumas Shareholdings plc remained stable at €3 on a single deal of 477 shares. Likewise the share price of International Hotel Investments plc remained stable at €0.98 despite 124,712 shares changing hands across 11 deals for a total value of €121,078.
This article, compiled by Jesmond Mizzi Financial Services Ltd (JMFS), does not intend to give investment advice and the contents thereof should not be construed as such. JMFS is licensed to conduct investment services by the MFSA. 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 please contact JMFS at 67/3 South Street, Valletta, or on tel. 2122 4410 or e-mail jmizzi@jmfs.net.