This week the Malta Stock Exchange Index (MSE) closed at 4,273.023 points, at a gain of 3.36 per cent over the previous week. Since the beginning of the year the Index lost over 13 per cent. During the week, 13 equities were negotiated, with three equities closing in negative territory, four in positive territory while the rest remained stable. During the week, HSBC Bank Malta plc was the best performer while Grand Harbour Marina lost ground.
A total of 250 trades were registered on the stock exchange for a turnover of over €7.37 million. In the equity market, 179 deals were executed for a value of €843,089 while in the corporate bond market, 19 deals for a total value of €97,279 were carried out. All corporate bonds traded retained the same price as their opening price. In the government bond market, 40 trades were executed for a total value of over €3.64 million. In the Treasury Bills market, 12 deals were executed for a total value of over €2.79 million.
In the banking sector, the share price of HSBC Bank Malta plc had a very positive week as its share price increased during the week, losing ground slightly yesterday. The share price appreciated by 7.707 per cent, thus increasing by 27c9 as 61,160 shares changed hands across 70 deals, for the total value of €228,917.
The share price of Bank of Valletta plc went up by 1.26 per cent, as 50,743 shares changed hands over 52 deals. FIMBank plc did not experience any change in its share price as 11,499 shares changed hands across six deals. Lombard Bank plc saw its share price remain stable at €3 as six deals were executed, with 9,400 shares changing hands. International Hotel Investments plc saw its share price grow by 4.31 per cent, an increase of 4c4. The closing price was €1.064 as 8,167 shares changed hands over three deals. MaltaPost plc experienced an increase in its share price, as it closed at €0.83, thus increasing by 1.84 per cent, with 144,121 shares changing hands over nine deals. Malta International Airport plc share price remained stable as 8,300 shares changed hands over six deals. Middlesea Insurance plc also retained its price, thus closing at €3.41, over six deals with 20,189 shares changing hands. Middlesea Insurance plc announced that during the annual general meeting, the shareholders approved the payment of a dividend of €0.1281 per ordinary share. The company also announced that two extraordinary resolutions put to the general meeting were carried by the shareholders present at the meeting.
GO plc saw its share price drop by 1.89 per cent to €2.6 on nine deals for a total volume of 16,764 shares, being effected by the decrease in its price occurring on Monday. The share price of Grand Harbour Marina plc did not have a positive week as its share price slipped by 0.20 per cent to €2.045 on five trades, with 9,000 shares, changing hands.
GlobalCapital plc saw its share price fall by 3.7 per cent, closing at €2.60, although only 2,899 shares changed hands over four deals. RS2 Software plc traded for the first time yesterday, retaining its share price at €0.80. RS2 traded twice as 30,000 shares changed hands. Simonds Farsons Cisk plc traded once during the week, with 1,100 shares changing hands. The closing price remained the same for the week, closing at €2.721. Simonds Farsons Cisk plc also announced that during the annual general meeting, the shareholders approved all ordinary resolutions, and approved a net dividend of €0.06222 per share.
This article, which was compiled by Jesmond Mizzi Financial Services Limited (JMFS), 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 please contact JMFS at 67/3, South Street, Valletta, or on Tel: 2122 4410 or e-mail jmizzi@jmfs.net.