The Malta Stock Exchange (MSE) index last Friday closed in positive territory, erasing a large portion of the previous week’s loss as the index gained 0.63 per cent to close at 4,470.812 points, with banking equities paving the way to the positive outcome.
A total of 17 equities were active during the week, of which the majority lost ground, five closed higher and three remained unchanged on a total turnover of €1.03 million.
During November the MSE index lost 1.58 per cent.
HSBC Bank Malta plc rebounded from the previous week’s 2.7 per cent loss by gaining 3.1 per cent during the week to close at €1.855. Total turnover for the week amounted to €159,906, spread over 17 transactions.
In the same sector, Bank of Valletta plc (BOV) shares oscillated between positive and negative territory, closing the week 1.3 per cent higher at €2.23 after a total turnover worth €294,102 spread over 72 deals – accounting to almost 30 per cent of the week’s total trading activity.
Malta International Airport plc (MIA)’s share price fell by three cents during the week to close at €4.05. Total turnover in MIA shares amounted to €76,142, spread over 16 transactions.
On a similar negative note, Mapfre Middlesea plc shares lost ground by 3.6 per cent after not trading last week, to close the week at €2.12. Total turnover amounted to €2,539 spread over three deals.
RS2 Software plc shares managed to rally by four per cent after having lost 0.9 per cent the previous week. The equity closed the week at €1.598, as total activity was spread over 17 deals with a total turnover of €67,055.
Santumas Shareholdings plc shares traded ex-share split last Monday as per its company announcement on November 21 with an adjusted price of €1.201.
During the week the equity rallied by 4.9 per cent to close the week at €1.26 – total turnover amounted to a mere €19,000 split between two deals.
Meanwhile, a single deal of 5,000 shares in Midi plc saw the price of the equity fall by 2.94 per cent to close the week at €0.33.
Malita Investments plc erased part of the previous week’s 2.24 per cent gain by closing 1.2 per cent lower at €0.859. Total turnover amounted to €15,582 spread over two deals.
Despite trading five times during the week with a total turnover amounting to €212,860 the price of Simonds Farsons Cisk plc (SFC) shares failed to change, closing flat at €6.45.
Six transactions amounting to 7,000 shares in GO plc saw the price of the equity fall for the second consecutive week, having declined by 0.6 per cent during the week, to close at €3.22.
International Hotel Investments plc (IHI) snapped a three-week losing streak, as the equity remained afloat at €0.62. Total turnover amounted to €20,145 spread over three deals.
Fimbank plc closed in the red for the fourth successive week as the equity fell by 0.6 per cent to close the week at $0.60. Total turnover amounted to $70,680, spread over five deals.
On the other hand, Tigné Mall plc shares made a strong late run as the equity gained 4.55 per cent last week to close at €1.15. Total turnover amounted to €29,010 spread over four transactions.
6PM Holdings plc shares ended a 14-week drought with a single deal of 2,163 shares, closing unchanged at £0.80.
Five deals amounting to a total turnover of €22,710 in Malta Properties Company plc (MPC) managed to drag the price of the equity 2.5 per cent lower, to close the week at €0.585.
Two deals amounting to 13,700 shares in Plaza Centers plc lowered their price to close the week at €1.10.
Elsewhere, low volumes in Lombard Bank plc saw its price decline by two cents to close the week at €2.08 on a turnover of a mere 49 shares.
In the corporate debt market a total of 37 issues were active during the week, of which the majority closed in positive territory for the second consecutive week, four closed lower, while nine remained afloat.
The 3.75 per cent Premier Capital plc unsecured bonds € 2026 started trading last Thursday and closed the week 1.4 per cent higher at €101.40 as turnover reached €150,958, spread over 15 transactions.
In the sovereign debt market a total of 25 issues were active, of which 12 closed in positive territory, 11 closed in negative territory, while the remaining two issues remained afloat.
The largest decline was registered in the 2.1 per cent MGS 2040 (i) r, as the stock declined by 0.98 per cent to close at €101 on a turnover of €1.03 million.
Meanwhile, last week’s top gainer was the 4.5 per cent MGS 2028 (II), registering an increase of 0.4 per cent at €133.23.
This article, which was compiled by Jesmond Mizzi Financial Advisors Ltd, 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 Ltd at 67, Level 3, South Street, Valletta, or on Tel. 2122 4410, or e-mail info@jesmondmizzi.com.