The Malta Stock Exchange index added on to the previous week’s decline having slipped by 0.81 per cent, closing at 4,426.375 points.
Activity was spread across 11 equities of which five fell, three closed unchanged and another three gained ground. Turnover amounted to €1.2 million.
GO plc shares added on to its recent winning streak registering its sixth consecutive week of gains, having appreciated by 1.3 per cent over three deals of 10,000 shares, to close €0.04 higher at €3.14 – the telecommunications equity has registered a year to date gain of four per cent.
On the other hand, Malta Properties Company plc shares fell by a further 3.7 per cent as 147,680 shares changed ownership, to close at €0.52 – thus reducing the year to date gain to three per cent.
In the banking sector, FIMBank plc shares were the only movers for the week having slipped by $0.06 or 6.2 per cent as three trades of 63,600 shares were struck, closing at $0.915. Despite this sharp fall, the equity is still up 44 per cent year to date.
Meanwhile, Bank of Valletta plc shares closed unchanged at €2.25 as 40 transactions of 108,610 shares were executed.
HSBC Bank Malta plc shares were active on 16 deals of 44,172 shares. The equity oscillated between a weekly high of €1.60 and a low of €1.57, to ultimately close unchanged at its weekly high.
Medserv plc shares headed the list of gainers, having partially recouped the previous week’s loss of 9.1 per cent by 4.7 per cent as 17 transactions of 66,076 shares were negotiated, closing the week €0.07 higher at €1.57.
Conversely, RS2 Software plc shares were the worst performers having stumbled by €0.14 or 7.9 per cent across the highest turnover for the week of 331,436 shares. The IT equity swayed from a weekly high of €1.77 and a low of €1.50, to finally close at €1.64 – dragging the equity down 8.7 per cent year to date.
Malta International Airport plc shares edged 0.2 per cent higher as 23,654 shares changed hands over 10 deals, closing at €4.25. On Tuesday, MIA published its traffic results for the month of August. The company reported the highest monthly passenger movements – up by 2.3 per cent over the same month last year, primarily due to an increase in seat capacity. The top drivers of passenger traffic were the UK and Italy, which were also listed among the airport’s top five markets together with Germany, France and Spain. However, the most significant growth year-on-year was reported for Poland and Spain.
Plaza Centres plc shares decreased by 1.2 per cent over a sole trade of 1,250 shares, closing at €1.135, however, year to date gains total 13.5 per cent.
Similarly, MIDI plc shares fell by 0.3 per cent across one transaction of 4,250 shares, to close at €0.349.
The other non-movers for the week were Simonds Farsons Cisk plc shares having traded flat at €6.50 over a single deal of 1,000 shares.
During the week, Global Capital plc announced that following the Rights Issue of 16,792,452 new ordinary shares, having a nominal value of €0.291172, the following shareholders have exceeded the five per cent threshold: Investar Plc (52.60 per cent), BAI Co. (Mtius) Ltd (21.33 per cent), Christopher J. Pace (5.04 per cent) while Provident Real Estate Fund Ltd (2.50 per cent) has fallen below the threshold. The equity was not active this week.
In the corporate bond market 27 issues were active of which 10 declined, nine gained ground and eight closed unchanged, as turnover reached €1.2 million. The 4% MIDI plc Secured € 2026 was the most liquid issue having witnessed a turnover of €343,425, to close 0.2 per cent higher at €104.20.
In the sovereign debt market turnover amounted to €10.3 million spread across 23 issues of which 10 fell and 13 appreciated. The long-dated 2.4% MGS 2041 (I) r registered the best performance having rallied by one per cent across the highest turnover for the week of €5.3m, closing at €107.50. The 3% MGS 2040 (I) closed half a per cent higher at €117.20 having also traded at a yearly high of €117.98 on a turnover of €1.1 million over the four days of trading.
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.