The end of week session at the Malta Stock Exchange welcomed its newly listed equity RS2 Software on a relatively subdued session, with just four different equities trading on the day to see the index marginally lower at 4,276 points.
RS2 Software commenced trading on the Malta Stock Exchange following a combined share offer, where the investing public subscribed for 12,500,000 ordinary shares. The day's activity in the profitable card management and payment software solutions company consisted of 30,000 shares which were swapped at the initial public offer price of €0.80 clinching the day's top spot in terms of volume activity. At the end of the session there stood a demand for 1,000 shares at €0.81 against supply of 3,000 shares offered at €0.899.
A sole trade in Bank of Valletta for a low volume of 398 shares was executed towards the end of the session, the said transaction brought the price down by 0.4 per cent to €4.98, thereby failing to breach the resistance level mark of €5.
HSBC Bank Malta registered a loss by the smallest of margins, when 2,940 shares were traded over six transactions to close the week off at €3.899.
Trading in Go failed to alter the previous day closing price of €2.60 on the execution of four deals with an aggregate of 3,064 shares.
In the fixed interest sector of the market, activity was spread across three corporate bonds and four government stocks. Among sovereign issues, the 5.5 MGS 2023 attracted the highest turnover, with 300,000 nominal being swapped over two transactions to close at €99.75, representing an increase of 0.35 per cent.
The 5.60 per cent GlobalCapital 2014/16 jumped 400 ticks as a mere 1,200 nominal were purchased across two trades pushing the price up to €94.00.
Weekly MSE equity report
This was a positive week for local equities, with the Malta Stock Exchange Index gaining a good 3.36 per cent. This positive performance was mainly the result of gains in the three main components of the Index.
HSBC Bank Malta was this week's best performer, registering an increase of 7.7 per cent on a total weekly turnover of 61,160 shares.
Bank of Valletta's share price gained 1.4 per cent over the week when a total of 50,743 shares were swapped over 52 deals. Similarly, Simonds Farsons Cisk ended the week marginally higher, gaining 0.04 per cent.
International Hotel Investments was this week's second best performing stock as it posted in a 4.31 per cent gain to close off at €1.064. Meanwhile, Maltapost gained further ground as it inched higher by 1.84 per cent to €0.83.
GlobalCapital registered the worst performance for the week, losing 3.7 per cent on a low volume of 2,899 shares.
Similarly, a negative performance was put forward by Go and Grand Harbour Marina which registered a drop of 1.9 per cent and 0.2 per cent respectively.
Trading activity in FIMBank, Lombard Bank Malta, Malta Internatioanl Airport, Middlesea Insurance failed to alter the previous week's closing prices.
The newly listed company, RS2 software followed suit as the equity traded in unchanged territory at €0.80.
This article has been prepared by Bank of Valletta p.l.c. (the Bank), which is licensed to conduct investment services business by the MFSA, for your general information only. This information is not a solicitation or offer by the Bank to acquire or sell securities. Nor does it constitute any form of advice by the Bank. Appropriate advice should be obtained before making any such decision. Past performance is not necessarily a guide to future performance and the value of your investments may fall or rise.