The Malta Stock Exchange index appreciated by a further 0.93 per cent, closing the week at 4,587.178 points. Turnover amounted to €1.5million spread across 17 equities of which 13 gained ground, three fell and one closed unchanged.
HSBC Bank Malta plc shares headed the list of gainers, having soared by €0.06 or 3.8 per cent across 21 deals of 42,486 shares, closing at €1.66. The bank announced that its AGM will be held on April 15 to approve the audited accounts for the year ended December 31, 2015, the directors’ and auditors’ report, and to declare a final gross dividend of €0.026 per share.
Bank of Valletta plc shares oscillated between a weekly high of €2.285 and a low of €2.27, to ultimately close 0.6 per cent higher at €2.284. The equity witnessed 51 trades of 181,819 shares.
FIMBank plc shares increased by 0.7 per cent over six transactions of 41,299 shares, to close at $0.74. Shareholders on the official register as at April 6 were to receive one bonus issue for every 25 shares held.
Lombard Bank Malta plc shares partially erased the previous week’s losses, having advanced by 1.4 per cent as two trades of 9,710 shares were struck, to close at €2.23. The bank announced that its AGM will be held on April 28 to approve the audited financial statements, consider the report of the directors and auditors for the year ended December 31, 2015, and declare a final net dividend of €0.026 per share.
International Hotel Investments plc shares increased by 1.6 per cent as 112,425 shares changed ownership across 19 trades, closing at €0.65. On Thursday, the company announced that its AGM will be held on June 9, 2016.
Malta Properties Company plc shares were the best performers for the week, having strengthened by €0.03 or 5.4 per cent, closing at €0.59.
GO plc shares edged 0.9 per cent higher as 17 deals of 31,176 shares changed hands, closing at €3.48.
In the IT sector, 6PM Holdings plc shares rose by a further 3.5 per cent as 29,000 shares changed hands, to close £0.03 higher at £0.88. The company announced that an extraordinary general meeting will be held on April 28 for shareholders to authorise the company to furnish in confidence information, including unpublished sensitive information as may be necessary to enable a bona fide offeror(s), a bona fide transferor(s) and their respective advisers to make, confirm, withdraw or modify an offer to acquire a substantial shareholding in the company. Also, in furtherance of this resolution, the board of directors would be authorised to disclose information as deemed fit and proper.
RS2 Software plc share price increased by an additional 0.5 per cent over 28 deals of 67,215 shares, closing at €3.80.
Malita Investments plc shares partially erased the previous week’s losses, having recouped by 2.2 per cent across two transactions of 1,800 shares, to close at €0.94. The company announced that its next AGM will be held on April 26 to consider and approve the annual report and financial statements for the year ended December 31, 2015, the directors’ and auditors’ reports, and to recommend a gross dividend of €3,258,377, equating to a final net dividend of €0.0143 per share.
Medserv plc shares increased by a further 4.1 per cent over 20 deals of 114,073 shares, closing €0.07 higher at €1.80.
Simonds Farsons Cisk plc shares also extended the previous week’s gains, having advanced by one per cent as four trades of 3,974 shares were executed, to close at €6.10.
Malta International Airport plc shares succumbed to selling pressure, having declined by €0.119 or 2.7 per cent across 15 deals of 19,078 shares, closing at €4.38. After close of trading yesterday, the company reported that it registered a 13 per cent surge in passenger movements this winter compared to a five per cent growth rate registered the year before. The local airport operator witnessed 800,724 passenger movements in the first quarter of the year. March saw 327,524 passenger movements – resulting in a 19 per cent increase over 2015.
Plaza Centres plc shares slipped by 1.5 per cent as two deals of 63,533 shares were struck, closing at €1.02.
Tigne Mall plc shares increased by 0.1 per cent over two trades of 20,000 shares, to close at €1.05.
MIDI plc shares fell by 2.6 per cent over 11 transactions of 174,476 shares, to close at €0.37.
MaltaPost plc shares were the only non-movers for the week, having traded flat at €1.98 on a sole transaction of a mere 475 shares.
In the corporate bond market, 32 issues were active, of which 17 fell, six gained ground and nine closed unchanged. Turnover amounted to €718,387. Despite the gains registered in the equity of 6PM, the 5.1% 6PM Holdings plc Unsecured Bonds € 2025 declined by 1.3 per cent to close at €109.59.
After close of trading yesterday, Corinthia Finance plc announced that the issue of €40 million 4.25% Corinthia Finance plc Unsecured Bonds 2026 has been oversubscribed. As a result, the intermediaries’ offer has been cancelled.
In the sovereign debt market, turnover totalled to €17.3 million spread over 24 issues of which 19 decreased, four gained ground and the 2% MGS 2020 (V) traded unchanged at €107.79. The recently issued 2.5% MGS 2036 (I) r increased by a further 0.3 per cent on the highest volume for the week of €7.5 million, closing at €105.02.
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 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.