The Malta Stock Exchange index continued with its positive run as it closed at 3,990.228 points, gaining 1.31 per cent on the week, after last week's gains of 3.77 per cent. The MSE index is now 19.19 per cent down year to date.
This week, 12 equities were negotiated, with seven equities closing in positive territory, four in negative territory and RS2 Software plc remaining unchanged. During the week, Maltapost plc was the best performer, while Grand Harbour Marina plc lost most ground.
A total of 204 trades were registered on the stock exchange, with a total turnover of over €6.24 million, including a put-through trade of €121,589.
In the equity market, 112 deals were executed for a total value of over €1.04 million. In the corporate bond market 30 deals were carried out, for a value of €310,779, while in the government bond market, 46 deals were executed for a total value of €880,162. In the Treasury bills market, 15 deals were executed for a total value of over €3.88 million.
In the banking sector, HSBC Bank Malta plc was the best performer. HSBC continued its positive run after last week's gains, as it registered an increase of 3.66 per cent.
The closing price for the week was €3.40, a rise of €0.12, with 24,128 shares changing hands over 20 deals.
HSBC traded at a high of €3.40 and a low of €3.30. On the other hand, FIMBank plc lost just $0.001 from last week's share price, as it closed the week at $1.908, decreasing by 0.05 per cent on the week, with a volume of 264,369 shares traded over 12 deals, for a total value of €358,449. Bank of Valletta plc lost some of last week's gains, as it closed €0.009 less than last week, closing the week at €4.69, thus decreasing by 0.19 per cent, with 13,571 shares being traded over 17 deals.
RS2 Software plc was the only equity which remained stable on the week not withstanding a drop of €0.004 during the week. RS2 closed the week at €0.829, with 3,415 shares changing hands over three deals.
Maltapost plc registered a rise of 3.9 per cent in its share price. Maltapost closed the week at €0.80, €0.03 higher than last week, with a volume of 153,881 shares changing hands over 16 deals. Plaza Centres plc registered a rise of €0.05 in its share price.
The equity closed the week at €1.75, increasing by 2.94 per cent from last week, as 96,200 shares were traded over seven deals. Likewise, Malta International Airport plc (MIA) increased by €0.05 from last week.
MIA traded 1,750 shares over four deals, closing the week at €3, 1.69 per cent higher than last week. International Hotel Investments plc appreciated by €0.01 on the week. The closing price for the week was €1.06, therefore, increasing by 0.95 per cent on the week, with 28,478 shares being traded over 12 deals. Go plc also registered an increase in its share price. Go closed the week at €2.309, increasing by €0.009, or 0.39 per cent, from last week, as 17,315 shares changed hands on 11 deals.
Crimsonwing plc was the other equity which registered a rise in its share price, after closing the week at €0.518, increasing by 1.57 per cent, or €0.008, with 35,000 shares changing hands on five deals.
Grand Harbour Marina plc traded twice during the week, as it registered a loss of 6.52 per cent in its share price. The equity closed the week at €2.15, thus losing €0.15 on the week, having traded 2,600 shares. Middlesea Insurance plc also experienced a loss in its share price, as it closed the week at €3.05, therefore decreasing by 1.61 per cent on the week, or €0.05, with 48,850 shares changing hands on three deals.
This article, which was compiled by Jesmond Mizzi Financial Services Ltd (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.