In the sovereign debt market turnover amounted to €15.2 million up from last week’s €8.7 million, as 28 bonds were active, of which long-term issues registered solid gains, while short dated issues declined marginally. Namely, the 4.3% MGS 2033 (I) r soared by 0.9 per cent, to close €0.99 higher at €114.99, while the 5.9% MGS 2015(II) declined by 0.1 per cent to close €0.14 lower at €104.53.
The MSE Index fully erased last week’s negative performance as it appreciated by 0.91 per cent, to close at 3,268.438 points. Activity was spread across 14 equities of which ten gained ground, two fell while another two equities closed unchanged, as trading increased from €910K to €1.4 million
Loqus Holdings plc shares were the best performers having rallied by 16.7 per cent on one trade of 7,500 shares, to close at €0.14. Meanwhile, from the same sector, 6pm Holdings plc shares headed the list of fallers as they fell by 2.9 per cent over two deals of 10,088 shares, closing at £0.68. RS2 Software plc shares fell marginally by 0.3 per cent across three transactions of 2,130 shares, closing at €2.92. Conversely, Crimsonwing plc shares advanced by 3.6 per cent as 4,703 shares were struck across two trades, to close €0.03 higher at €0.86.
In the banking sector, Lombard Bank Malta plc shares extended their recent winning streak as they soared by 2.5 per cent as 20,000 shares changed ownership across four deals, to close €0.044 higher at €1.799.
Bank of Valletta plc shares recouped last week’s losses as they edged 1.4 per cent higher as 41 trades of 146,323 shares were negotiated, closing at €2.21. The bank announced that at its Annual General Meeting held last Wednesday, the shareholders approved all of the resolutions on the agenda.
Meanwhile, HSBC Bank Malta plc shares closed the week unchanged at €1.90 as 32 transactions of 70,823 shares were executed. The equity traded at a low 0f €1.849 but recovered to €1.90 during yesterday’s session. The other non-movers for the week were Malta International Airport plc shares as they closed unchanged at €2.30. The local airport operator’s shares were active on seven deals of 66,800 shares.
Simonds Farsons Cisk plc shares traded at their all time high of €3.051. The equity edged 0.4 per cent higher as 5,460 shares exchanged hands. Likewise, Malita Investments plc shares advanced by 3.2 per cent as two trades of 12,000 shares were negotiated, to close at their record high of €0.64. Medserv plc shares experienced another good week as they appreciated by 1.8 per cent across two deals of 3,500 shares, to close at its 15 month high of €1.435.
GO plc shares fully recouped last week’s losses as they edged 0.8 per cent higher over 23 deals of 279,953 shares, closing at €2.52.
International Hotel Investments plc shares climbed by 3.8 per cent as they witnessed six deals of 30,977 shares, closing at €0.55. Likewise, Plaza Centres plc shares strengthened for the third consecutive week as they appreciated by 0.3 per cent, to close at €0.642.
The Board of Directors of Santumas Shareholdings plc is scheduled to meet on December 29, 2014 to consider and, if considered appropriate, approve the company’s interim financial statements for the six-months ending October 31, 2014. The equity was not active this week.
In the corporate bond market turnover totalled to €1.63 million (up from €1.3m) spread across 25 bonds of which 13 rose, six declined while another six closed unchanged. The 7.5% Mediterranean Investments Holding Plc (MIH) € 2015 was the best performer as it appreciated by 3.3 per cent, to close at €95. In an announcement released on Tuesday, the Directors noted that the financial performance of MIH for the twelve months ending December 2014 is expected to be slightly ahead as that of 2013 and in line with their forecast. Meanwhile, Eden Finance plc announced that it purchased and cancelled €149,000 worth of its 6.6% bonds due in 2017-2020. Likewise GlobalCapital plc announced that during the month of November the company repurchased 508,200 units of their 6.6% unsecured bond 2014-2016.
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This article which was compiled by Jesmond Mizzi Financial Advisors Limited, does not intend to give investment advice and the contents therein should not be construed as such. The Company is licensed to conduct investment services by the MFSA and is a Member of the Malta Stock Exchange and a member of the Atlas Group. 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 Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, or on Tel: 21224410, or email info@jesmondmizzi.com.