Losses in almost all trading sessions resulted in a decline of 0.89 per cent in the Malta Stock Exchange index this week, closing at 3,005.464 points. The index edged below the 3,000 mark during yesterday's session, although a final-second increase of €0.04 in the share price of BOV kept the index above the 3,000 level, having declined by 0.233 per cent on the day. The only gain in the index was registered on Tuesday, with a marginal rise of 0.075 per cent.
This week 10 equities were traded eight closing in negative territory, one remaining unchanged, and only one closing in positive territory.
A total of 236 deals were registered over the week with a turnover of over €19.16 million, more than double the value traded last week. In the equity market 83 transactions were executed for a total value of €241,388, while in the government bond market 66 deals were registered for a value traded of over €11.35 million. A total of 77 deals were registered in the corporate bond market for a value of over €1.32 million. In the Treasury Bills market a total of 10 transactions were registered for a total value of over €6.24 million.
Bank of Valletta plc was the only equity to register a rise in its share price, registering a rise of one per cent and closing the week at €3.02, a rise of €0.03. BOV shares were the most traded this week, as 51,069 shares changed hands on 45 deals, for a total value of €153,181.
The equity traded at a high of €3.03, which was reached on Wednesday, and a low of €2.96 on Monday. Gains of 1.35 per cent, one per cent and 0.66 per cent were registered on Tuesday, Wednesday and yesterday respectively, having decreased on Monday and Thursday by one per cent and 0.99 per cent respectively. BOV is now the only gainer year to date, with a positive performance of 4.44 per cent.
FIMBank plc saw a decrease of almost 3.5 per cent, as the equity traded only on Thursday, closing at $1.25, with 2,000 shares changing hands on two deals, thus losing $0.045 from its previous closing price.
HSBC Bank Malta plc suffered three consecutive days of losses during the week, totalling a fall of 1.87 per cent week on week. HSBC closed the week at €2.62, a decline of €0.05, as 23,410 shares changed hands over 19 transactions.
Lombard Bank plc closed the week at €2.54, a decline of €0.009, as 2,380 shares changed hands across four deals, dropping a further 0.35 per cent.
Maltapost plc traded only yesterday to remain unchanged at €0.69, with 2,044 shares changing hands on a single deal.
The share price of Simonds Farsons Cisk plc depreciated by 5.06 per cent on Tuesday, having traded just 264 shares on three deals. The closing share price was €1.595, a decrease of €0.085.
Malta International Airport plc decreased by 3.47 per cent to close the week at €2.12. MIA decreased both on Monday and Tuesday by €0.05, although having recouped some of the losses on Wednesday, increasing by €0.02. A volume of 6,085 shares changed hands across five deals, having decreased by €0.08 on the week.
This week, Middlesea Insurance plc registered a decline of €0.01 on Thursday, closing at €1.64, as a single deal of 206 shares was registered.
Go plc is on its fourth consecutive week loss, having decreased by 0.59 per cent on Thursday. Go closed the week at €1.69, as 1,100 shares changed hands over two transactions.
Plaza Centres plc registered a single deal of 1,000 shares on Thursday, as the equity declined by 0.55 per cent, closing the week at €1.64.
The €20 million Corinthia Finance plc bond maturing between 2016 and 2019, with an over allocation option of €5 million, closed soon after applications opened for the public.
This article, which was compiled by Jesmond Mizzi Financial Services Ltd, does not intend to give investment advice and the contents therein should not be construed as such. JMFS is licensed to conduct investment services by the MFSA.
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 JMFS at 67/3, South Street, Valletta or on telephone 2122 4410 or e-mail jmizzi@jmfs.net.