The Malta Stock Exchange index extended its recent winning streak by a further 0.5 per cent, to close at 4,096.937 points – a 23 per cent gain year-to-date.
Turnover amounted to €2.1 million and was spread across 17 equities of which 10 gained ground, six fell in value and one closed unchanged.
Simonds Farsons Cisk plc shares were the top-performers for the week, having appreciated by a staggering €0.45 or 11.1 per cent as three deals albeit on a low volume of 2,944 shares, closing at a record high of €4.50.
Likewise, RS2 Software plc shares advanced by 10 per cent across the highest turnover for the week of €412,835. The IT equity oscillated between an all-time high of €1.97 and a weekly low of €1.79, to ultimately close at €1.969.
Medserv plc shares gained 2.4 per cent over nine trades of 24,260 shares, closing at a record high of €2.355 and thus marking a 62.4 per cent year-to-date gain.
Similarly, Tigne Mall plc shares edged 1.2 per cent higher to also close at an all-time high of €0.86. The equity was active on five trades of 19,500 shares. Meanwhile, Plaza Centres plc shares partially erased last week’s two per cent gain, having declined by 0.9 per cent over four trades of 128,000 shares to close at €0.981.
Conversely, MIDI plc shares registered a 2.1 per cent increase on a sole transaction of 8,000 shares, to close at €0.338.
In the banking sector, Lombard Bank Malta plc shares registered the highest gain of 1.4 per cent over five transactions of 28,727 shares, closing at €1.85.
Bank of Valletta plc shares edged 0.4 per cent higher as 59 deals of 147,781 shares were struck, closing at €2.298.
Conversely, HSBC Bank Malta plc shares erased last week’s gain, having declined by 1.1 per cent to the €1.80 level as 191,213 shares changed ownership.
FIMBank plc shares gained a marginal 0.2 per cent across two trades of 29,058 shares, closing at $0.466.
International Hotel Investments plc (IHI) shares fell by €0.044 or 4.8 per cent as 271,665 shares changed ownership, closing at €0.876. On Thursday, the company announced that it has now completed its due diligence exercise with reference to the execution of a conditional agreement for the acquisition of all the issued share capital of Island Hotels Group Holdings plc (IHGH). The voluntary bid will be made by IHI in respect of all the issued shares in IHGH, and will be set out in an offer document to be issued by IHI on or around July 1, 2015. The consideration to be offered will consist in either a combined consideration or a cash alternative.
Go plc shares closed the week at a fresh eight-year high of €3.425 – registering a €0.125 or 3.8 per cent increase for the week. The telecommunications provider’s shares were negotiated across 44 trades of 102,692 shares.
In contrast, MaltaPost plc shares declined by €0.05 or 3.2 per cent as three transactions of 6,466 shares were struck, closing at €1.50.
Malita Investments plc registered a decrease in its share price for the fourth consecutive week, closing 1.1 per cent lower at €0.89 as 11 trades of 48,400 shares were executed.
Grand Harbour Marina plc shares sagged by 1.3 per cent across four transactions of 7,936 shares, closing at €1.875 while Mapfre Middlesea plc shares partially recovered last week’s loss by a slight 0.3 per cent, to close at €1.825.
Meanwhile, the only non-movers for the week were Malta International Airport plc shares having held on to the €3.35 level.
In the corporate bond market turnover was spread across 20 issues of which eight increased, three fell and nine closed unchanged. Turnover amounted to €629,037.
Mediterranean Investments Holding plc (MIH) announced that it has filed an application with the Listing Authority of the MFSA requesting admissibility to listing of €20 million 7.5 per cent unsecured bonds redeemable in 2020, to be issued at par. Subject to approval and effective admission, the net proceeds will be used by the issuer to redeem the €20m 7.5% MIH unsecured bonds 2015. The issuer will be granting preference to the holders of the maturing bonds to subscribe to the new bonds by surrendering the maturing bonds.
In the sovereign debt market turnover totalled €11.9 million. A total of 22 issues were active of which three slipped, 18 increased and one closed unchanged. The 4.65% MGS 2032 (I) was the most liquid issue having witnessed a turnover of €2.8 million nominal, closing at €131.54.
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: 2122 4410, or e-mail info@jesmondmizzi.com.