The Malta Stock Exchange index ended the week in negative territory with a one per cent decline at 4,442.333 points.
A total of 15 equities were active of which a dominant 11 closed in the red, only one managed a gain while three closed flat.
Turnover in the equity market dropped from €1.2 million to €859,000.
This week’s only gainer was HSBC Bank Malta plc, having closed at its weekly high of €1.70 on the highest turnover for the week of €274,000.
On the other hand, no movement was noted in the closing price of Bank of Valletta plc, having closed at €2.29 after dropping to €2.265 intra-week. A total of 83,901 shares changed hands over 43 deals.
Meanwhile, the share price of FIMBank plc plunged by a further 3.8 per cent to $0.88 as 35,000 shares changed hands over four deals.
In the same sector, four deals of 6,791 shares in Mapfre Middlesea plc led to a 1.4 per cent drop as all deals were executed at €2.07.
Elsewhere, GO plc shares recorded their first weekly decline after 10 weeks of gains – a three per cent drop was in fact registered having closed €0.10 lower at €3.15 on a turnover of €31,000.
Similarly, the share price of International Hotel Investments plc plunged by 3.2 per cent to its weekly low of €0.615 as 41,588 shares changed hands.
A significant decline of 4.1 per cent was witnessed in the share price of Malta Properties Company plc as 12 deals of 93,836 shares were executed, closing at its weekly low of €0.566.
Meanwhile, two deals of 3,000 shares in Malita Investments plc were executed at €0.858 thus leading to a 2.5 per cent decline.
Plaza Centres plc erased part of last week’s gain having closed 0.9 per cent lower at €1.13 on a significant volume of 51,500 shares.
No movement was noted in the share price of Tigne Mall plc having closed at €1.08 on a turnover of €27,000.
RS2 Software plc shares extended last week’s decline by a further 1.3 per cent closing at €1.55, after failing to maintain its weekly high of €1.59 – a total of 14 deals of 44,317 shares were executed.
Another substantial drop was registered in the share price of Malta International Airport plc – trading in this equity ranged between a high of €4.20 and a low of €4.10, to close the week 1.9 per cent lower at €4.19.
Elsewhere, three deals of 15,000 shares were executed in Medserv plc, closing €0.04 lower at €1.53.
The share price of Grand Harbour Marina plc eased 0.1 per cent to €0.869 on a single deal of 3,000 shares.
No movement was registered in the shares of Simonds Farsons Cisk plc as three deals of just 501 shares were executed at €7.00.
In the corporate bond market, a total of 29 issues were traded reaching a turnover of €1.26 million. The majority of the traded issues closed in positive territory, nine declined and seven closed flat.
In the sovereign debt market, turnover soared from €10.2m to €24.3m. Yet again, the 2.4 per cent MGS 2041 (I) r took the lion’s share with a turnover of €10.5 million. Of the 26 traded issues, 14 gained ground while 12 declined.
On Thursday, the Accountant General announced the prices of the two new Malta Government Stocks on offer. The 1.5 per cent MGS 2022 (IV) Fungibility Issue is being offered at €107.25 resulting in a yield to maturity of 0.223 per cent while the 2.1 per cent MGS 2039 (I) is being offered at €102.50 resulting in a yield to maturity of 1.964 per cent – offers to subscribe will close on Wednesday or earlier at the discretion of the Treasury.
This article, 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 .