The MSE Equity Total Return Index recouped from the previous week’s minimal 0.021 per cent loss, having advanced by 0.424 per cent, to close at 8,633.597 points. Meanwhile, global equities recovered as investors shrugged off the latest indications of rising inflation in the United States which caused result in interest moving higher at an accelerated pace.
Last week, turnover in the local equity market fell from the previous week’s €1.9 million to €1.6 million, as activity was spread over 18 equities of which six fell and eight gained ground.
FIMBank plc shares recovered the previous week’s loss of 8.8 per cent, having appreciated by 9.7 per cent as 17,500 shares changed ownership over four deals, to close $0.06 higher at $0.68 – a three-week high.
Lombard Bank Malta plc shares rose by €0.04 or 1.7 per cent across two trades of 14,651 shares, closing at a one-month high of €2.34. Bank of Valletta plc shares fell marginally by 0.6 per cent over the highest turnover of 199,793 shares worth €363,038. The banking equity closed at €1.81. BOV announced that its forthcoming Annual General Meeting (AGM) will be held on May 10, 2018.
HSBC Bank Malta plc shares closed unchanged at €1.82 as five transactions of 24,035 shares were executed.
The insurance and investments services provider Mapfre Middlesea plc registered no change in its share price of €1.85 as three deals of 12,650 shares were negotiated.
In the same sector, GlobalCapital plc announced the resignation of their Chief Operations Officer (COO) Mr Paul Said, who shall be stepping down from his position in the company on April 10, 2018.
A further announcement shall be made in due course regarding the appointment of a new COO.
Santumas Shareholdings plc shares slipped by 0.7 per cent over one transaction of 2,000 shares, closing at €1.50.
Malta International Airport plc shares extended the previous week’s 2.9% increase, having advanced by another 1.2% or €0.06 across nine trades of 39,495 shares, to close at a four-week high of €4.96.
Simonds Farsons Cisk plc (SFC) shares closed unchanged at €7.45, despite having reached a weekly low of €7.40. The food and beverage supplier’s shares were negotiated across 12 transactions of 63,909 shares.
SFC’s spin-off Trident Estates plc recorded a 7 per cent rally in its share price as 28,429 shares changed hands over 21 trades, to close €0.13 higher at €1.98 – having traded at a high of €2.00.
Malta Properties Company plc shares climbed by 2.6 per cent across seven deals of 54,720 shares, closing at €0.482. In the same sector, Malita Investments plc shares partially erased the previous week’s 2.4 per cent loss, having recouped by 1.2 per cent. The equity closed at €0.83.
MIDI plc shares increased by 2.9 per cent over seven trades of 207,000 shares, closing at €0.356.
Tigne Mall plc shares slipped by a further 1.9 per cent, adding to a similar loss registered in the previous week. The equity witnessed two deals of 4,000 shares and closed at €1.01.
In the same sector, Plaza Centres plc shares traded flat at €1.01 on two trades of 46,000 shares.
RS2 Software plc shares stayed faithful to their ongoing losing streak, having registered a decline for the seventh consecutive. The IT equity fell by 1.5 per cent across 10 deals of 38,360 shares and closed at €1.31.
FIMBank plc shares recover the previous week’s loss
The retail and supermarkets owner PG plc shed 0.7 per cent of its share price as 3,500 shares changed ownership over two trades, to close at €1.39.
GO plc shares recouped the previous week’s 1.7 per cent loss having increased by 1.7 per cent as eight transactions of 13,371 shares were executed.
The telecommunications equity closed at €3.56.
International Hotel Investments plc extended the previous week’s loss having decreased by another 1.6 per cent as nine deals of 119,000 shares were concluded, to close at €0.62.
MaltaPost plc held its AGM on February 9, 2018 during which all the ordinary as well as extraordinary resolutions on the agenda were approved.
Last Monday, the company announced that a net dividend of €0.04 per nominal €0.25 share shall be distributed, representing a final net payment of €1,506,189.
The postal operator’s shares were not active this week.
In the corporate bond market 38 issues were active of which 15 appreciated and nine declined.
Turnover increased to €2.4 million from the previous week’s €1.3 million. The 5.1% 6PM Holdings plc Unsecured € 2025 was the most active issue having witnessed a turnover worth €906,266. The 6PM bond registered the highest loss having stumbled by 10.8 per cent, to close at €95. The negative performance following the approval and publication of the 2017 Interim Financial Statements of 6PM which had long been awaited. Trading recommenced following the Listing Authority announcement that sufficient information has now been made public by the company for listing and trading of its securities.
Therefore, as from February 12, 2018 the suspension of listing and trading in the bonds was terminated.
Meanwhile, the 5% Dizz Finance plc Unsecured € 2026 recorded the best performance having rallied by 3.8 per cent as five deals worth €18,390 were negotiated, closing at €109.
In the sovereign debt market turnover fell to €2.7 million from the previous week’s €4.7 million.
Activity was spread over 22 issues of which three minimally increased and 16 lost ground. The 4.3% MGS 2033 (I) r headed the list of fallers having slipped by 2.3 per cent as six trades worth €387,081 were executed, closing at €130.92.
The 2.3% MGS 2029 (II) registered the highest gain having increased by 0.4 per cent as four trades worth €77,461 were concluded, to close at €109.16.
The 4.45% MGS 2032 (II) and the 4.5% MGS 2028 (II) followed suit having advanced by 0.13 per cent and 0.04 per cent respectively. The former closed at €133.11 and the latter closed at €130.
In the Prospects MTF market, a new issue, namely the 5.5% AST Group plc Unsecured Bonds 2028 has been admitted to the Prospects MTF List.
Trading in the security commenced on February 12, 2018. No trades have been recorded in this issue last week.
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 and their clients are likely to have an interest in securities mentioned in this article. For further information contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, tel: 2122 4410, or email info@jesmondmizzi.com.
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