The MSE Equity Total Return Index extended its positive trend to five straight weeks, adding a significant 0.465 per cent to close at 9,023.179 points. Turnover, which amounted to €2.3 million, was spread across 21 equities, of which six fell and ten gained ground.
Performances in the banking industry were mixed, as two appreciated in value while another two lost ground. FIMBank plc was the top performer among its peers with a 3.9 per cent increase in value, to close at a 14-month high of $0.80. The equity traded heavily as 312,669 shares changed hands across 26 deals.
Bank of Valletta plc also generated a substantial turnover of €248,836 over 63 transactions. However, the outcome of this activity was a negative movement in price of 1.45 per cent, closing at €1.36, having recovered from a low of €1.34. Similarly, Lombard Bank Malta plc shares fell by 0.83 per cent to close at €2.40, as four deals of 13,000 shares were concluded. HSBC Bank Malta plc shares appreciated by 1.1 per cent to €1.83, as a slim volume of 10,040 shares was recorded across five deals.
Malta International Airport plc shares bounced back from the previous week’s loss, as it was up 0.81 per cent to recapture the €6.20 price level. In total, 49,249 shares traded across 23 deals.
In the telecommunications sector, GO plc surrendered a portion of the previous week’s gain, as it lost 0.98 per cent in value to settle at €4.04. The equity was one of the most liquid, as €438,729 worth of shares changed hands over 23 deals.
International Hotel Investments plc closed unchanged at €0.63, despite a couple of deals of a combined 3,330 shares.
Likewise, contrasting performances registered by MaltaPost plc cancelled each other out, as the equity ultimately closed unchanged at €1.64. Traded volume totalled 18,245 shares.
Mapfre Middlesea plc kicked off the week strongly by trading at €1.94, but ultimately settled at €1.93, translating to a more modest gain of 0.52 per cent. A total of four deals were struck, in which 29,762 shares were exchanged.
The share price of GlobalCapital plc hiked 17.19 per cent, as just one deal of 6,709 shares was registered.
RS2 Software plc traded twice, as 10,583 shares changed ownership. The equity closed 2.56 per cent lower at €1.14.
In the food and beverage industry, Simonds Farsons Cisk plc shares continued on a positive trend for the sixth successive week, climbing 1.27 per cent to a price of €8.00.
Oil and gas logistics specialists, Medserv plc traded eight times this week, temporarily falling to a price of €1.00, before returning to last week’s closing price of €1.07. In total, 18,600 shares were exchanged.
After weeks of inactivity, a single transaction of just 60 Loqus Holdings plc shares was executed at €0.055, translating to an 8.91 per cent gain.
The top performer in the industry was Malta Properties Company plc
In the property sector, Plaza Centres plc shares oscillated between a weekly high of €1.03 and a low of €1.01, to ultimately close unchanged at €1.03. The equity was negotiated across nine transactions of 60,500 shares.
MIDI plc enjoyed a strong week, as it added another 5.07 per cent to last week’s already impressive rally, to close at a new all-time high of €0.725. The equity was also the most liquid of the session, as 633,164 shares were exchanged over 44 trades.
The top performer in the industry however, was Malta Properties Company plc, as it soared 8.41 per cent to €0.58. MPC also traded heavily as 400,692 shares changed hands over 28 deals.
At the other end of the spectrum, the worst performer of the session was Malita Investments plc, with a 3.85 per cent decline in its share price, to close at €0.875. Traded volume amounted to 41,294 shares across three deals.
To a lesser extent, Tigne’ Mall plc also traded in negative territory, as it drifted 2.62 per cent to €0.93. In total, four deals of a combined 24,833 shares were executed.
Trident Estates plc traded 11 times as 26,211 shares changed hands. The outcome was a sizeable gain of 5.47 per cent to €1.35.
Main Street Complex plc closed unchanged at €0.65 despite a significant traded volume of 48,000 shares over three deals.
In the corporate bond market, 45 issues were active, of which 20 advanced while 15 headed south. Turnover amounted to €2.2 million over 220 deals.
The 5% Mediterranean Investments Holding plc Unsecured € 2022 registered the best performance, having increased by 1.66 per cent, to close at €104.
Meanwhile, the 5.75% Medserv plc Unsecured USD 2026 headed the list of fallers, as it was down by 1.96 per cent to close at par. The 4.25% GAP Group plc Secured € 2023 was the most liquid issue, as ten deals worth €335,080 were negotiated, closing unchanged at €105. The 4% International Hotel Investments plc Unsecured € 2026 recovered the previous week’s loss, as it regained 0.55 per cent to return to a price of €103.06.
In the sovereign debt market, turnover totalled €6.7 million and was spread across 21 issues, of which eight advanced and 13 declined.
More than half of the turnover was generated by the top performer, the 2.4% MGS 2041 (I). A turnover of €3.5 million was generated by this issue, closing 1.25 per cent higher at €105.05. Meanwhile, the 2.5% MGS 2036 (I) was the worst performer, as it declined by 0.66 per cent, to close at €105.50.
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: 2122 4410, or email info@jesmondmizzi.com.
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