The MSE Equity Total Return Index recouped by 0.063 per cent after having declined by 0.367 per cent the previous week, to close at 8,988.384 points. Turnover amounted to €3.5 million and was spread across 20 equities of which five fell and eight gained ground.
Malta International Airport plc (MIA) shares have recorded an increase for the seventh consecutive week, having advanced by another 1.1 per cent last week.
The local airport operator witnessed 18 deals of 200,930 shares and closed €0.05 higher at €4.60.
Last Monday, MIA announced that in September the airport registered an increase of more than 89,000 passenger movements over the same month last year, with a total of 626,488 guests welcomed at MIA – translating into an increase of 16.7 per cent over 2016.
The United Kingdom continued to lead MIA’s list of top markets, contributing 146,160 passenger movements to September’s total traffic, and growing by 4.7 per cent over last year mainly due to an increase in capacity as a result of the Cruise & Fly operation.
GlobalCapital plc shares were the best performers having rallied by 15.3 per cent over one transaction of 5,000 shares.
The insurance and investments provider’s share price closed €0.049 higher at €0.37.
Grand Harbour Marina plc shares headed the list of fallers having stumbled by €0.168 or 18.8 per cent over a single deal of 2,800 shares, closing at €0.726 – a record low. The company announced that an Extraordinary General Meeting is scheduled to be held on the November 14, 2017.
Lombard Bank Malta plc shares declined by 3.5 per cent, after having advanced by 3.6 per cent during the previous week. The equity was active on three deals of 9,684 shares and closed €0.079 lower at €2.201.
Bank of Valletta plc shares slipped by 0.2 per cent across 78 trades of 457,904 shares, to close at €2.10. HSBC Bank Malta plc shares closed unchanged at their weekly high of €1.90, having traded at a weekly low of €1.85 last Wednesday.
The banking equity was active on 25 trades of 146,117 shares.
The trade finance bank FIMBank plc registered no change in its share price having closed at $0.70 as 10,000 shares changed ownership over two deals.
MaltaPost plc shares rose by €0.076 or 4 per cent as 18,953 shares exchanged hands over four trades, closing at €1.98.
The board will be meeting on December 11, 2017 to consider and approve the financial statements for the year ended September 30, 2017.
In the property management sector, Malita Investments plc shares registered the best performance having increased by 1.2 per cent as one deal of 4,000 shares was struck, to close at €0.75. Malta Properties Company plc shares followed suit having climbed by a minimal 0.2 per cent over six transactions of 31,570, closing at €0.53 – a three-week high.
In the same sector, Plaza Centres plc shares closed unchanged at €1.05, despite having reached a weekly low of €1.02. The equity was executed over six trades of 53,000 shares. Tigne Mall plc shares traded flat at €0.96 on two transactions of 55,500 shares.
MIDI plc shares also traded unchanged at €0.31 across eight deals of 795,000 shares.
International Hotel Investments plc shares increased by 2.3 per cent as 17 deals of 234,593 shares were negotiated, to close at a seven-week high of €0.614.
Supermarkets and retail owner, PG plc recouped the previous week’s 0.7 per cent loss having ad-vanced by 0.7 per cent as 13 trades of 141,822 shares were executed, closing at €1.50, have recouped from a weekly low of €1.45.
Santumas Shareholdings plc shares rose by €0.06 or 2.7% over four transactions of 19,976 shares, to close at €2.25.
GO plc recorded a 1.2 per cent loss in its share price as nine deals of 12,802 shares were struck, closing €0.043 lower at €3.472.
RS2 Software plc shares edged by 0.7 per cent across five trades of 169,452 shares, to close at €1.689.
Simonds Farsons Cisk plc registered no change in its share price of €9.47. The equity was active on two transactions of 1,881 shares.
The oil and logistics company Medserv plc’s shares closed unchanged at €1.26 as nine deals of 159,257 shares were negotiated.
In the sovereign debt market turnover amounted to €6.1 million spread across 23 issues of which 15 increased and seven declined. The long-dated bonds registered the highest positive performance. The 2.1% MGS 2039 (I) was the most liquid issue having witnessed a turnover of €2.9 million, to close 0.6 per cent higher at €100.64.
In the corporate bond market 35 issues were active of which 16 advanced and eight fell as turnover totalled €1.5 million.
The 5.9% HSBC Bank Malta Plc € Subordinated 2018 was the worst performer having declined by 2.2 per cent, to close at €102, while the 4% International Hotel Investments plc Unsecured € 2026 headed the list of gainers having advanced by 2.5 per cent, closing at €102.49.
Last Tuesday, the board of directors of 6pm Holdings plc, which has a bond listed on the Malta Stock Exchange, approved the Company’s audited Financial Statements for the year ended Dec. 31, 2016. The Group reported a loss after tax of GBP12.66m compared to the restated loss of GBP4.76m reported in the financial year of 2015. The net liabilities as at 2016 stood at GBP13.8 million.
The board has determined that the results in respect of the financial years ended Dec. 31, 2014 and Dec. 31, 2015 were materially mis-stated, resulting from a failure of internal controls and management in the Group operations.
The restated financial statements show that during the financial years of 2014 and 2015, revenue as well as profit/(loss) before tax have declined.
The restated profit/(loss) before tax during both reporting periods stood at negative GBP0.1m and negative GBP3.2m, from the previous profit before tax of GBP0.9m and GBP1.6m respectively.
The restated net assets/liabilities during the financial year ending December 31, 2015 show a net liabilities of GBP0.5m, from the previous reported net assets of GBP15.8m.
Furthermore, the company stated that after due consideration of the group’s and company’s profitability, statement of financial position, capital adequacy, solvency and guarantee of support from Idox Group, the directors are satisfied that at the time of approval of the financial statements, the group and company have access to resources to continue to operate as a going concern for the foreseeable future.
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