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Market Analysis

  • Investment Registration Scheme

    Investment Registration Scheme

    Legal Notice 256 of 2014 published on July 22 brought into effect the 2014 Investment Registration Scheme which was first announced in the Budget on November 4, 2013. This is the fourth registration scheme launched by the government of Malta...

  • European shares fall, weighed by earnings and Ukraine woes

    European shares closed lower yesterday, as strong US growth failed to offset some weak earnings reports and concern the conflict between Russia and Ukraine will escalate. Holcim’s and HeidelbergCement’s shares fell 4.8 per cent and 2.8 per cent...

  • Shipping movements

    The following ships are expected in Malta: The Oued Ziz from Skikda to Skikda, the CMA CGM Pelleas from Port Said to Genoa, the Vega Carina from Skikda to Tunis (all Carmelo Caruana Co. Ltd) and the Antwerp from Bejaia to Bejaia (Thomas Smith...

  • Is the European banking crisis returning?

    Is the European banking crisis returning?

    Last Thursday, fears over the health of one of Portugal’s largest banks triggered a sharp decline across international equity markets especially in the banking sector. Meanwhile, yields on Portuguese government bonds rose reflecting declining...

  • European shares recover as BES bounces back

    European equity markets recovered yesterday from losses in the previous session as a rebound in Banco Espirito Santo and in mining stocks lifted the region’s bourses. The pan-European FTSEurofirst 300 index, which had slipped 0.4 per cent on...

  • Shipping movements

    The following ships are expected in Malta: The EM Spetses from Mersin to Antalya, the Star Comet from Durres to Taranto, the CMA CGM Ivanhoe from Port Said to Genoa, the Stadt Schwerin from Algiers to Algiers, the CMA CGM Quarts from Damietta to...

  • Major stocks hover near record highs

    Major stock markets held near record highs yesterday on signs of an improving global economy and continued central bank support, while the dollar and bond yields rose on an upbeat report on US employment. The Dow Jones Industrial average and the...

  • Bidding war emerging for Forthnet?

    Bidding war emerging for Forthnet?

    In recent years, I wrote various articles covering developments at Forthnet and the wider Greek telecoms market due to Go’s indirect investment in Forthnet via the holding company Forgendo Ltd. Forgendo is equally owned by Go plc and Emirates...

  • Shipping movements

    The following ships are expected in Malta: The CMA CGM Marco Polo from Le Havre to Khor Fakkan (Carmelo Caruana Co. Ltd) today. The EM Spetses from Mersin to Antalya, the Sirius from Misurata to Mersin, the Oued Ziz from Skikda to Skikda, the AHS...

  • Secured v unsecured

    Secured v unsecured

    Earlier this month, two new bond issues were announced and it may have come as a surprise to many that, for the first time, the wording ‘unsecured’ was included in the title of the new bond on offer. On previous occasions, the terms ‘secured’,...

  • Dollar and Wall St soften ahead of action by Fed

    The dollar dipped and Wall Street equities softened yesterday as global markets puzzled over the odds that Federal Reserve Chair Janet Yellen will soon strike a more hawkish tone on monetary policy. Prices of US Treasuries recouped Tuesday’s losses.

  • Shipping movements

    The following ships are expected in Malta: The Coneast from El Kohms to Algiers, the OS Bodrum from Algiers to El Khoms, the Ecem Kalkavan from Civitavecchia to Naples (all Carmelo Caruana Co Ltd) and the Northern Jubilee from Port Said to Genoa...

  • Rizzo Farrugia MGS Index reaches new record levels

    Rizzo Farrugia MGS Index reaches new record levels

    The Rizzo Farrugia MGS Index was launched in December 2010 to enable market practitioners and investors to follow price trends in Malta Government Stocks. While the MSE Share Index tracks the movement in prices across the equity market, the MGS...

  • Stocks rise after ISM data, euro down ahead of ECB meeting

    US shares rebounded slightly yesterday after strong data on the US services sector, while soft European economic data weighed on European equities and weakened the euro a day ahead of a closely watched European Central Bank policy...

  • Shipping movements

    The following ships are expected in Malta: The Vega Sigma from Bejaia to Algiers (Carmelo Caruana Co. Ltd) and the Northern Jaguar from Port Said to Genoa (Thomas Smith Shipping Ltd) today. The Oued Ziz from Skikda to Skikda, the CMA CGM Azure...

  • The 2014 dividend league table

    The 2014 dividend league table

    The return on equity represents the profitability achieved in percentage terms compared to the capital invested by the shareholders, but another important ratio which is widely followed by investors is the dividend yield. This represents the...

  • World equity indexes, bond yields climb

    World stock markets and US bond yields rose yesterday on views the Federal Reserve could raise interest rates more slowly than expected. The euro declined for a second straight session against the dollar on expectations of further easing from the...

  • Shipping movements

    The following ships are expected in Malta: The Tyrusland from Tripoli to Tripoli, the Nicola from Tunis to Algiers (both Carmelo Caruana Co. Ltd) and the Maersk Savannah from Port Tangier to Port Said (Thomas Smith Shipping Ltd) today. The Makita...

  • The return on equity revisited

    The return on equity revisited

    Last January I wrote an article about the importance of the return on equity (ROE). At the time, the reporting season had not commenced and therefore the figures quoted were based on the 2012 financials with the exception of Bank of Valletta,...

  • Yields, sterling fall on ECB outlook as stocks dip in US

    Benchmark government bond yields in the US and Germany dropped yesterday after sources told Reuters a European Central Bank rate cut next month is “more or less a done deal,” while US stocks retreated slightly from recent record highs. Eurozone...

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