MSE Equity Total Return Index continued to decline, as the index fell by 0.52 per cent to close the week at 8,868.448 points.

A total of 16 equities were active during the week of which six headed north, while seven lost ground. In a four-day trading week, total turnover declined week-on-week from €3.53 million to €1.35 million.

Malta International Airport plc shares reached a 16-month high, settling at the €4.32 price level – as the equity traded positively for three consecutive sessions.

A total turnover of €144,221 was generated over 16 trades.

In contrast, International Hotel Investments plc shares plunged by 6.4 per cent to close at €0.57, a 2017 low.

A total of four trades generated a total turnover of €6,567.

On Monday, the company an-nounced that it had concluded a five-year contract with a major European oil company to lease 1,222 square metres at its Commercial Centre in Tripoli, adjacent to the Corinthia Tripoli Hotel.

The contract is worth just over €1 million annually.

In the banking industry, Lombard Bank plc shares outperformed its peers as the equity traded positively during the session closing 0.7 per cent higher at €2.215.

The equity traded over a single deal on slim volume.

On the other hand, HSBC Bank Malta plc and FIMBank plc shares traded lower.

HSBC shares lost one per cent of its value to close at €1.901, while FIMBank shares declined by 3.3 per cent to hit a near two-month low at $0.725.

Elsewhere, Bank of Valletta plc shares closed flat at €2.09, having recovered from a low of €2.071 – as 35 trades managed to generate a total turnover of €246,903.

In the telecommunications sector, GO plc shares extended last week’s decline as the equity lost 1.1 per cent of its value, closing at €3.51.

At the other end of the spectrum, Maltapost plc shares fully recouped last week’s decline as the equity appreciated by 4.2 per cent to close at €1.98.

Total turnover was just over €100,000. It was spread over five transactions.

In the financial services sector, five trades amounting to 57,850 shares saw the price of Global Capital plc plunge by 17.50 per cent to close at €0.33.

The retail conglomerate, PG plc climbed back to its all-time high as the equity added on a marginal 0.1 per cent, to close the week at €1.41.

A total of nine trades generated a total turnover of €45,410.

Similarly, Simonds Farsons Cisk plc shares reached a fresh all-time high, as the equity hit the €9.00 price level. A total of three trades saw 2,353 shares change hands.

RS2 Software plc shares closed marginally lower, as the equity oscillated between negative and positive ground, closing at €1.735.

Turnover amounted to €211,681, spread over seven trades.

In the property sector, Tigne Mall plc shares was the best performer among its counterparts, while Malta Properties Company plc shares registered the weakest performance.

Tigne Mall shares increased by 1.9 per cent closing at €0.978, while Malta Properties shares declined by 3.1 per cent to close at €0.503.

Their peers, Plaza Centres plc and Malita Investments plc closed unchanged at €1.05 and €0.749 respectively.

On Monday, 6pm Holdings plc announced that its board is scheduled to meet on September 27, 2017, to consider and if thought fit, approve the Company’s Financial Statements for the financial year ended December 31, 2016.

Another negative week hit the Local Sovereign Debt market, as out of 20 issues, the absolute majority amounting to 15 closed in the red, while four gained ground and one closed unchanged.

Longer-dated bonds continued to decline further as the  2.1% MGS 2039(I) R was the least effected among the lot, as the price declined by 0.16 per cent to close at €98.84, having traded at a weekly high of €100.

In the local corporate debt market a total of 33 issues were active during the week, as gainers and losers tallied to 11.

The newly listed 3.5% Simonds Farsons Cisk plc Unsecured € 2027, appreciated by 3.1 per cent in its first week of trading, closing at €103.05.

This article, compiled by Jesmond Mizzi Financial Advisors Limited, does not intend to give investment advice and the contents therein should not be construed as such. The company is licensed to conduct investment services by the MFSA and is a Member of the Malta Stock Exchange and a member of the Atlas Group.

The directors or related parties, including the company, and their clients are likely to have an interest in securities mentioned.

For further details contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, tel: 21224410 or info@jesmondmizzi.com.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.