The Treasury of Malta, last Friday announced that the total applications received for the second issue of the 3% 62+ Malta Government Savings Bond 2022 amounted to €64.3million – 31.2 million from new applicants while €33.1 million from the previous issue applicants.
The offer to eligible applicants was for a total of €30 million.
New applicants will be subject to the same allocation policy applied for the applicants of the first issuance of the 62+ Malta Government Savings Bond held in September 2017. After this allocation exercise is concluded, the remaining amount from the €30 million on issue, will be allocated among all the eligible applicants of the 62+ Malta Government Savings Bond of October 2017, made up of new applicants and the previous applicants.
The details of the second element of the allotment policy will be communicated through a press release and published on the Treasury’s website immediately after the vetting of applications for compliance with the provisions of the prospectus.
The MSE Equity Total Return Index fell by 0.126 per cent as the index lost 0.6 per cent last Friday following three positive days of trading, to close at 8,977.09 points.
Activity was spread across 17 equities of which four increased and eight fell as turnover fell to €2.8 million from €3.5 million traded in the previous week.
Malta Properties Company plc shares headed the list of fallers after having registered three-weekly gains. The equity declined by 4.9 per cent as six trades of 41,220 shares were struck, to close at €0.504. MIDI plc shares edged 2.6 per cent across five transactions of 107,000 shares, to close at €0.302 – a one-month low.
In the same sector, Tigne Mall plc shares slipped by a minimal 0.5 per cent on one deal of 1,000 shares, closing at €0.955.
HSBC Bank Malta plc shares fell by €0.045 or 2.4 per cent as eight trades of 18,919 shares were negotiated, to close at €1.855, with the depreciation in price mainly occurring last Friday.
Lombard Bank Malta plc shares slipped by a marginal 0.05 per cent over nine deals of 61,886 shares, closing at €2.20.
Meanwhile, Bank of Valletta plc (BOV) shares oscillated between a weekly high of €2.111 and a low of €2.07, to ultimately close at €2.10.
The banking equity witnessed a turnover of over €1 million spread across 49 trades.
Last Thursday, BOV announced that the board of directors is scheduled to meet next Thursday to consider and approve the group’s and the bank’s second interim financial statements for the period October 1, 2016 to September 30, 2017.
The trade finance bank FIMBank plc registered no change in its share price of $0.70 as one transaction of 6,622 shares was executed.
The insurance and investments provider Mapfre Middlesea plc’s shares were active on one deal of 4,350 shares, to close 0.9 per cent higher at €1.86. In the same sector, GlobalCapital plc shares slipped by 2.7 per cent as 25,000 shares changed hands over three trades, closing at €0.36.
GO plc shares were the best performers having appreciated by €0.118 or 3.4 per cent, after having declined by 1.2 per cent in the previous week.
The telecommunications pro-vider’s shares were negotiated across eight transactions of 15,400 shares and closed at €3.59.
Malta International Airport plc shares stayed faithful to its ongoing winning streak having recorded an increase for the seventh week. The local airport operator’s shares witnessed the highest turnover of €1.4 million spread across 32 deals, closing €0.08 or 1.7 per cent higher at €4.68 – a 20-month high.
MaltaPost plc shares advanced by €0.05 or 2.5 per cent as 12,574 shares changed ownership across six trades, to close at a four-month high of €2.03.
The supermarkets and retail owner PG plc fully erased the previous week’s 0.7 per cent increase in its share price, having declined by 2.7 per cent as five transactions of 2,575 shares were struck, closing €0.04 lower at €1.46.
RS2 Software plc shares fell by 0.6 per cent last week, after having registered two weekly declines. The I.T. equity witnessed three deals of 18,100 shares, to close at €1.679.
The food and beverage supplier Simonds Farsons Cisk plc traded flat at €9.47 on one trade of 117 shares.
International Hotel Investments plc (IHI) shares traded unchanged at €0.614 over three deals of 6,000 shares.
The other non-movers were Medserv plc shares having closed unchanged at €1.26. The oil and logistics services provider’s shares were executed over one transaction of 2,993 shares.
In the corporate bond market turnover totalled €674,397, as 30 issues were active of which 16 gained in value while six lost ground. The 5.75% International Hotel Investments plc Unsecured € 2025 was the best performer having increased by 2.8% to close at €109, while the 5.3% United Finance plc Unsecured € Bonds 2023 headed the list of fallers having declined by 2.8 per cent, closing at €105.01.
Last Monday, Mediterranean Bank plc announced the basis of acceptance for the issue of Euro equivalent of €20,000,000 5% Subordinated Unsecured Bonds 2027. Interest on the bonds commenced on October 13, 2017, while last Thursday, the bonds were admitted to listing on the official list of the MSE and trading commenced last Friday.
In the local sovereign debt market 21 issues were active of which 11 rose and 10 fell as turnover fell from €6.1million to €4.1million last week. The 2.1% MGS 2039 (I) was the most liquid issue having witnessed a turnover of €1.8 million, to close 0.4 per cent lower at €100.26.
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: 21224410, or email info@jesmondmizzi.com.
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