The MSE Equity Total Return Index increased by a marginal 0.06 per cent to close at 8,988.384 points. A total of 20 issues were active during the week of which eight gained ground, while five closed in the red.
Total turnover during the week spiked from €1.41m to €3.54m – with Bank of Valletta plc and Malta International Airport plc generating more than half of the total turnover.
In the banking sector, all the listed banks were active during the week of which the gainers and non-movers tallied to two a-piece.
Lombard Bank plc shares registered the weakest performance among its peers as the equity lost 3.5 per cent of its value to close the week at €2.20.
Banking counterpart, Bank of Valletta plc shares followed suit as the equity close the week 0.2 per cent lower at €2.10. A total of 78 transactions managed to generate a total turnover of €963,471.
Its peer, HSBC Bank Malta plc, closed the week flat at the €1.90 price level despite trading 25 times, generating a total turnover of €275,761.
Meanwhile, FIMBank plc traded twice over 10,000 shares to close the week at $0.70.
On Monday, Malta International Airport plc announced that in September there was a registered increase of more than 89,000 passenger movements over the same month last year, with a total of 626,488 guests welcomed at MIA.
The UK continued to lead Malta International Airport’s list of top markets, contributing 146,160 passenger movements to September’s total traffic.
The equity declined marginally on Monday despite the high turnover, but managed to recover later on during the week, closing 1.1 per cent higher at €4.60.
A total turnover of €919,383, was spread over 18 trades.
GO plc declined further as the equity closed 1.2 per cent lower at €3.472. A total turnover of €44,516 was generated among nine deals.
International Hotel Investment plc shares bounced back into positive territory as the equity advanced by 2.3 per cent to close at €0.614 – nearing an eight-week high. A total of 234,593 shares were exchanged over 17 transactions.
Last Tuesday, MaltaPost plc announced that the board will be meeting on December 11 to consider and approve the Financial Statements for the year ended September 30.
The equity notched a 4 per cent gain, to close the week at €1.98.
GlobalCapital plc strongly rebound from last week’s decline as yesterday the equity spiked by 15.3 per cent, closing at €0.37 – as a single deal over a slim volume was executed.
In the oil and gas sector, Medserv plc shares started off the week on a negative note, but yesterday managed to recoup its decline, closing flat at €1.26.
Total turnover during the week amounted to €197,693 spread over nine transactions.
Retail conglomerate, PG plc shares headed in negative territory during intra-week trading as the equity declined by 2.7 per cent, managing to recoup this decline on Thursday and yesterday, closing the week at the €1.50 price level.
Last Wednesday, Grand Harbour Marina plc announced that an EGM will be held on November 14, 2017. A single deal of 2,800 shares managed to drag the price lower by 18.8 per cent, hitting a new 2017 low at €0.726.
RS2 Software plc shares closed in the red for the second consecutive week as the equity declined by 0.7 per cent to close at €1.689.
Simonds Farsons Cisk plc shares held on to last week’s closing price as the equity closed the week at €9.47.
In property sector, Santumas Shareholdings plc outperformed its peers as the equity gained 2.7 per cent to close at €2.25. Its peers, Malita Investments plc and Malta Properties Company plc, followed suit as the equities closed 1.2 per cent and 0.2 per cent higher at €0.75 and €0.53 respectively.
In the same sector, Plaza Centres plc, MIDI plc and Tigne Mall plc, closed flat at €1.05, €0.31 and €0.96 respectively.
In the Local Sovereign Debt market, longer dated bonds were once again the best performers, particularly those bonds maturing beyond 2028. A total of 23 issues were active of which 15 headed north, while seven lost ground.
For the second consecutive week the 2.4% MGS 2041 (I) R was among the best performers during the week as the bond price appreciated by 1.6% to close at €105.20.
In the local corporate debt front, a total of 35 issues were active of which 16 closed higher, while eight declined.
The 3.75% Premier Capital plc Unsecured € 2026 recouped the majority of its three-week decline as the bond price increased by 2.5 per cent to close at €102.98.
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 Atlas Group.