Losses in four trading sessions lowered the Malta Stock Exchange Index by 2.05 per cent week-on-week, closing yesterday session at 3,114.326 points. The index registered a rise only on Wednesday, an increase of 0.439 per cent, with losses in the other sessions of 0.755 per cent, 1.054 per cent, 0.139 per cent, and 0.548 per cent. Twelve equities were traded this week, with three closing in positive territory, four remaining unchanged, and five closing in negative territory.
A total of 282 deals were registered over the week with a turnover of over €18.04m, including three put-through trades of €13,959. In the equity market 137 deals were executed for a total value of €555,733, while in the corporate bond market 101 transactions were registered for a value traded of over €1.39m. A total of 33 deals were registered in the government bond market for a value of over €13.51m.
This week, the MGS most traded was the 7.5 per cent MGS 2011, with a value traded of over €10.94m. In the treasury bills market a total of eight transactions were registered for a total value of over €2.56m.
Lombard Bank plc was the only gainer from the banking sector this week, having recovered last week's loss. The equity closed the week at €2.50, a rise of €0.05, with 8,800 shares changing hands over seven deals. This rise was registered on Tuesday, having remained unchanged on other trading sessions.
The share price of FIMBank plc registered one of its worst weeks of the year, registering a staggering decline of 8.33 per cent, closing the week at $1.10, a decline of $0.10. The equity was the most traded in volume, with 245,244 shares changing hands on 16 deals, for a total value of €184,659.
Bank of Valletta plc remained unchanged throughout the week, closing at €3.35, with 31,403 shares changing hands on 37 deals, having traded at €3.389. Investors are eagerly awaiting the financial results of the Group to be announced next Friday.
HSBC Bank Malta plc lost almost all of last week's €0.06 gains, as the equity registered a decline of €0.05. The closing share price for the week was €2.75, a decrease of just under 1.8 per cent, as 21,225 shares changed hands over 19 transactions. HSBC traded at a high of €2.81, reached on Monday, and a low of €2.75.
HSBC registered gains of 0.36 per cent and 0.97 per cent on Monday and Wednesday respectively, with higher losses of 1.42 per cent and 1.68 per cent being registered on Tuesday and yesterday respectively.
GO plc continued to register gains this week, as the equity was the best performer, with an increase of 2.53 per cent. Gains were registered throughout the week, except for Tuesday, were the equity remained unchanged, with gains ranging from 0.06 per cent and 1.27 per cent. GO closed the week at €1.62, a rise of €0.04, as 28,765 shares changed hands across 20 deals.
The share price of Medserv plc reached a new yearly high of €3.999, at which the equity closed the week. The equity registered a volume of 23,150 shares on eight transactions, closing the week with a rise of 1.24 per cent.
Island Hotels Group Holdings plc registered its first upward movement on the MSE on Tuesday, with a rise of €0.05. This rise was subsequently erased on Thursday, as the share price retreated to €1.00, at which the equity closed the week unchanged, with 6,500 shares changing hands on four deals.
A loss of €0.009 on Wednesday, and a rise of the same amount registered yesterday, left the share price of MaltaPost plc unchanged at €0.70, with 10,346 shares changing hands on nine deals.
International Hotel Investments plc registered a decrease of 6.7 per cent this week, closing the week at €0.821, as 19,972 shares changed hands on three deals, thus losing €0.059 on the week.
Santumas Shareholdings plc closed the week unchanged at €2.50, with 2,500 shares changing hands over five transactions.
Malta International Airport registered a loss of 2.22 per cent, or €0.05, on Tuesday, closing the week at €2.20, as the equity registered four trades of 1,058 shares.
A rise of 2.48 per cent registered on Wednesday was not sufficient for the share price of Simonds Farsons Cisk plc (SFC) to register a rise on the week, as SFC registered a decline of 3.03 per cent yesterday, Week-on-week, the equity lost 0.62 per cent, closing at €1.60, with 4,790 shares changing hands on five deals.
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.