The Malta Stock Exchange index fully recouped the previous week’s decline, having gained 1.39 per cent, to close at 4,480.165 points.
A total of 17 equities were active of which seven gained ground, eight fell in value and two closed unchanged as turnover reached €3.9 million compared to €1.7 million traded last week.
Malta Properties Company plc shares rallied significantly as on Tuesday the equity traded at an opening price of €0.46 and closed the week at €0.72, with an intraweek high of €0.799, over the highest turnover worth €1.17m. The nominal price of the shares was of €0.32 and the value attributed to the dividend in kind distributed by Go plc was of €0.3313.
Conversely, GO plc shares declined by €0.01 or 3.2 per cent as 24 deals of 115,211 shares were struck, closing at €3.00.
In the banking sector, FIMBank plc shares headed the list of gainers having advanced by 17 per cent as 526,389 shares changed hands, closing $0.085 higher at $0.585.
Likewise, Lombard Bank Malta plc shares advanced by €0.07 or 3.2 per cent over six trades of 23,621 shares, to close at €2.25.
HSBC Bank Malta plc shares oscillated between a weekly high of €1.82 and a low of €1.75, to ultimately close at €1.79. The banking equity witnessed 43 deals of 133,468 shares. On Thursday the bank issued an announcement pursuant to the interim directors’ statement issued last week in which it was stated that despite the challenging operating environment, the bank is focusing on improving its productivity and cost effectiveness. As part of this process, the bank has approved a plan to deliver sustainable cost savings mainly through an early retirement scheme for employees, the cost of which will depend on the number of applications received. This programme will reduce profitability in the current financial year but will support an increased level of profitability in future years.
Bank of Valletta plc shares edged 0.4 per cent lower as 94 trades of 404,462 shares were struck, closing at €2.27. On Thursday, the bank announced that at the annual general meeting due to be held on December 17, inter alia, the bank’s audited financial statements as at September 30, 2015 will be presented for approval of the shareholders together with the proposed gross final dividend payment of €0.085 per share. Also for approval of the shareholders will be the proposed bonus issue of one bonus share for every 12 shares held to be allotted to members on the company’s register as at January 15, 2016.
Simonds Farsons Cisk plc shares advanced to a record high of €6.20 as 10 trades of 29,355 shares were negotiated – registering a 3.3 per cent increase.
Likewise, RS2 Software plc shares extended their winning streak having advanced by a further four per cent as 118,380 shares changed ownership, closing at an all-time high of €3.10.
6PM Holdings plc shares closed unchanged at £0.68 as six deals of 17,764 shares were executed.
On a similar note, MaltaPost plc shares traded unchanged at their all-time high of €1.99 over a sole transaction of a mere 500 shares.
MIDI plc shares fully recouped the previous week’s negative performance having advanced by 14.1 per cent, closing €0.045 higher at €0.365.
Meanwhile, Pefaco International plc shares appreciated by €0.05 or 2.3 per cent on Tuesday over a single transaction of a mere 100 shares.
Mapfre Middlesea plc shares declined by 0.4 per cent over five trades of 2,576 shares, closing at €2.28.
Likewise, International Hotel Investments plc shares decreased by 0.4 per cent as six trades of 62,846 shares were negotiated, to close at €0.846.
On a similar note, Malita Investments plc shares edged 1.1 per cent lower as five trades of 43,200 shares were struck, closing at €0.92.
Likewise, Medserv plc shares slipped by 0.7 per cent as 5,222 shares changed ownership, to close at €2.125.
Malta International Airport plc shares swayed between a record high of €4.05 and a weekly low of €3.96, to ultimately close at €4.01. The local airport operator’s shares were negotiated across 27 trades of 40,900 shares.
In the corporate bond market 32 issues were active of which 11 declined, seven increased and 14 closed unchanged. The 5.8% International Hotel Investments plc 2023 was the best performer having advanced by 1.4 per cent, to close at €108.50, while the 5.5% Mediterranean Investments Holding plc Unsecured € 2020 headed the list of fallers having declined by 2.4 per cent, to close at €104.
Meanwhile, in the sovereign debt market 24 issues were active of which 19 registered an increase in value, while five fell. The 2.3% MGS 2029 (II) FI Oct 15 r was the most liquid issue having witnessed a turnover of €3.4m. On the other hand, 5.2% MGS 2031 (I) registered the best performance having appreciated by 1.6 per cent, closing at €144.50.
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.