The MSE Equity Total Return Index partially erased the previous week’s 0.691 per cent loss, having advanced by 0.107 per cent, to close at 8,489.028 points.
Activity was spread across 22 equities of which six fell and eight gained ground, reaching a turnover of €1.15 million.
Shares of Main Street Complex plc (Main Street) of a nominal value of €19,384,619 have been admitted to trading last Thursday.
The recent combined offer of 7,538,460 shares in the company offered for sale by Embassy Limited, and 5,230,769 newly-issued shares were subscribed in full.
Main Street shares increased by 6.2 per cent from their offer price of €0.65. The shopping mall owner’s shares were active on three deals of 2,700 shares and closed €0.04 higher at €0.69.
In the same sector, Tigne Mall plc shares increased by €0.04 or 4.2 per cent across nine trades of 74,395 shares, closing at €1 – a 12-week high.
The annual general meeting of Tigne Mall plc shall be held on June 25, 2018.
During the meeting, all ordinary resolutions, including the financial statements, the proposed final net dividend of €0.0128 per share shall be considered and approved.
Meanwhile, Plaza Centres plc (Plaza) shares closed unchanged for the fourth consecutive week at €1.04, as 54,800 shares changed ownership over two transactions.
Plaza announced that during the annual general meeting, held on May 30, the financial statements for 2017, the reappointment of the auditors, and the directors’ remuneration were approved. The net dividend of €0.0294 per share as recommended by the directors was also approved.
Bank of Valletta plc shares recouped the previous week’s 0.3 per cent loss, having advanced by 0.3 per cent as 44 trades of 80,330 shares were executed, to close at €1.75.
The bank informed its shareholders that following the admission to the official list of the 5,772,064 shares issued through the Scrip Dividend programme, the total number of voting rights has increased to 530,772,064 votes.
HSBC Bank Malta plc shares added to the previous week’s 1.7 per cent loss, having slipped by 1.2 per cent across 21 transactions of 69,696 shares, closing €0.02 lower at €1.69.
FIMBank plc shares closed unchanged last week at $0.52 as five trades of 215,000 shares were concluded.
Meanwhile, Lombard Bank Malta plc shares closed unchanged at €2.30 as two deals of 7,850 shares were executed.
The investments and insurance services provider, GlobalCapital plc registered a 6.3 per cent increase in its share price as one trade of 253 shares was struck, to close at €0.34.
In the same sector, Mapfre Middlesea plc shares traded flat at €2.04 on two deals of 4,800 shares.
Santumas Shareholdings plc shares extended the previous week’s 4 per cent increase, having recovered by 44.2 per cent over 10 trades of 38,000 shares, to close €0.46 higher at €1.50.
The telecommunications services provider GO plc recorded a 0.6 per cent decline in its share price – extending the previous week’s 1.7 per cent loss. The equity witnessed eight transactions of 21,282 shares, closing at €3.40 – a 16-month low.
Simonds Farsons Cisk plc (SFC) shares added to the previous week’s 2.2 per cent decrease, having slipped by 0.8 per cent as 5,298 shares changed hands over five trades, to close €0.05 lower at €6.50. The company’s AGM is scheduled for June 21, 2018.
SFC’s spin-off Trident Estates plc registered a decline in its share price for the third consecutive week, having decreased by €0.10 or 7.1 per cent as 12 deals of 54,520 shares were negotiated, closing at a low of €1.30.
MIDI plc shares partially erased the previous week’s 15.2 per cent rally, having fell marginally by 0.9 per cent.
The property management company’s shares were active on five transactions of 65,000 shares and closed at €0.436.
MIDI plc shares partially erased the previous week’s 15.2 per cent rally
Meanwhile, Malita Investments plc shares closed unchanged at €0.84 as five trades of 41,000 shares were concluded.
Malta International Airport plc shares advanced by €0.04 or 0.8 per cent across 10 deals of 16,380 shares, closing at €5.
Medserv plc shares reversed the previous week’s 1.8 per cent gain, having dropped by €0.07 or 6.3 per cent as 24,930 shares changed ownership over six trades.
The oil and gas logistics services provider’s shares oscillated between a record low of €1 and a weekly high of €1.05 at which it closed. The company’s AGM was held last Monday, at which all resolutions were approved.
In the I.T. sector, Loqus Holdings plc shares appreciated by 31.6 per cent across two deals of 7,161 shares, closing at €0.10.
Meanwhile, RS2 Software plc shares closed unchanged at €1.17, having recouped from a weekly low of €1.10, as 16 transactions of 88,405 shares were negotiated.
MaltaPost plc shares recouped the previous week’s 2.8 per cent loss having climbed by €0.05 or 2.9 per cent as three deals of 5,500 shares were concluded, to close at €1.80.
PG plc shares closed unchanged at €1.28, despite having reached a weekly high of €1.32.
The retail and supermarkets owner’s shares witnessed 11 trades of 74,490 shares.
International Hotel Investments plc shares closed unchanged at €0.63 as 11 transactions of 44,355 shares were executed.
In the corporate bond market 39 issues were active of which 17 advanced and six declined. Turnover fell to €1.5 million from the previous week’s €1.9 million.
The 3.75% Bortex Group Finance plc Unsecured € 2027 headed the list of fallers, having slipped by 2 per cent on six deals worth €32,760, closing at €101.55, while the 4.4% Von der Heyden Group Finance plc Unsecured € 2024 was the best performer having advanced by 2.2 per cent over the highest turnover of 17 trades worth €186,454, to close at €102.75.
In the sovereign debt market turnover increased to €5.5 million from the previous week’s €4.4 million.
Activity was spread over 22 issues of which 14 lost ground and seven increased.
The 2.4% MGS 2041 (I) was the most liquid issue having witnessed a turnover of €3.1 million. The long-dated issue has registered a loss for three consecutive weeks and was the worst performer having slipped by 0.82 per cent, closing at €105.17.
The 2.1% MGS 2039 (I) recorded the best performance having increased by 0.6 per cent, despite having registered declines for the previous two consecutive weeks, to close at €101.33.
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 in this article.
For further information contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, or on Tel: 21224410, or email info@jesmondmizzi.com.
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