The MSE Equity Total Return Index fell by 1.03 per cent, as out of 19 active equities, 11 fell and only three gained ground. The index closed at 8,930.232 points – thus still registering a 3.012 per cent gain as at year-to-date. Turnover fell from the previous week’s €2.3 million to €904,755.
Bank of Valletta plc shares were the most liquid, having witnessed 67 transactions of 287,597 shares. The banking equity declined by 0.7 per cent and closed at €1.35.
FIMBank plc shares oscillated between a weekly high of $0.80 and a low of $0.75, to ultimately close the week 5.6 per cent lower at $0.755. The trade finance bank’s shares were negotiated across 12 deals of 88,281 shares.
HSBC Bank Malta plc shares slipped by €0.03 or 1.6 per cent across 12 deals of 31,441 shares, closing at €1.80.
The investments and insurance services provider GlobalCapital plc, registered the worst performance for the week, having stumbled by 6 per cent, partially erasing the previous week’s 17.2 per cent rally. GlobalCapital shares were active on one trade of 480 shares.
In the same sector, Mapfre Middlesea plc shares declined by a minimal 0.5 per cent, as three deals of 7,400 shares were negotiated, to close at €1.92.
The telecommunications services provider GO plc, recorded a 0.5 per cent decrease in its share price, as 8,052 shares changed ownership over 10 transactions, closing at €4.02 – up by 13.3 per cent as at year-to-date. Last Tuesday, GO announced that it will convene an Extraordinary General Meeting on December 3, 2018 in relation to the disposal of a maximum of 49 per cent shareholding of BMIT Technologies plc. Shareholders on the register as at November 2, 2018 shall receive notice of the Extraordinary General Meeting.
Malta International Airport plc shares traded flat at €6.20 on six trades of 12,905 shares. The local airport operator’s shares have appreciated by 31.9 per cent as at year-to-date.
MIDI plc shares extended their winning streak, having closed in the green for the third consecutive week. The property management equity was executed across 10 deals of 56,834 shares and closed 0.7 per cent higher at €0.73 – rallying by 108.6 per cent as at year-to-date.
In the same sector, Malita Investments plc shares increased by 0.6 per cent over four transactions of 21,190 shares, closing at €0.88. Meanwhile, Malta Properties Company plc shares fell by 1.7 per cent across nine trades of 69,128 shares, to close at €0.57.
Trident Estates plc shares traded unchanged at €1.35, as 14,500 shares changed ownership over six deals.
Tigne’ Mall plc shares registered a loss for the third consecutive week, having declined by 1.1 per cent across six transactions of 40,000 shares, closing at €0.92 – a 14-month low.
Plaza Centres plc shares closed unchanged at €1.03, despite having reached a weekly low of €1.01. The shopping mall owner’s shares were active on three trades of 3,225 shares.
Main Street Complex plc shares traded flat at €0.65 on three deals of 40,000 shares.
MIDI plc shares extended their winning streak
In the I.T. sector, Loqus Holdings plc (Loqus) shares added on to the previous week’s 8.9 per cent increase, having appreciated by 10 per cent, however the equity is still 65.4 per cent in the red as at year-to-date, having closed at €0.061. Activity in the I.T. equity was spread across three transactions of 28,424 shares.
Loqus published the financial statements for the financial year ended June 30, 2018, subject to Annual General Meeting (AGM) approval. The results show an increase in the group’s profit for the year of 33 per cent, to €642,042. This was partially the result of an increase in revenue from €3.5 million in the year ending in 2017, to €3.9 million in 2018.
RS2 Software plc shares slipped by 1.8 per cent across nine trades of 45,650 shares, closing at €1.12 – down by 27.3 per cent as at year-to-date.
The retail and supermarkets owner PG plc, registered a 1.4 per cent loss in its share price as 20,800 shares changed hands over four deals, closing at a five-week low of €1.38. PG held its AGM on October 18, 2018, during which the shareholders approved the financial statements for the financial year ended April 30, 2018 and re-appointed PricewaterhouseCoopers as auditors of the company. As the Articles of Association provide that the first directors shall hold office for a period of three years before retiring by rotation, no election of directors was held, and the composition of the Board remained unchanged.
MaltaPost plc announced that the board of directors will meet on December 17, 2018, to consider and approve the financial statements for the year ended September 30, 2018. The equity was not active last week.
The oil and gas logistics services provider Medserv plc, registered a 0.9 per cent decrease in its share price, as 2,000 shares were executed over one transaction, to close at €1.06.
International Hotel Investments plc shares closed unchanged for the second consecutive week at €0.63 on one trade of 5,000 shares.
In the corporate bond market, 41 issues were active, of which nine gained ground and 16 fell. Turnover fell to €1.1 million from €2.2 million. The 5% Hal Mann Vella Group plc Secured Bonds € 2024 was the best performer, having advanced by 1.9 per cent, as seven deals worth €66,613 were concluded, closing at €107.
The 4.8% Mediterranean Maritime Hub Finance plc € 2026 headed the list of fallers, having declined by 2.7 per cent, as one transaction of 10,000 shares was negotiated, to close at €102.12. Meanwhile, the 4.25% GAP Group plc Secured € 2023 was the most liquid issue, having witnessed 11 trades worth €227,228, closing 0.02 per cent lower at €104.99.
Investors geared towards the sovereign debt market, as turnover totalled €11.3 million. Activity was spread across 23 issues, of which 15 advanced and seven fell.
The 5.25% MGS 2030 (I) was the most heavily traded, having witnessed a turnover of €6.2 million, closing 0.6 per cent higher at €137.94. Meanwhile, the 2.5% MGS 2036 (I) headed the list of gainers, having appreciated by 1 per cent over 11 deals worth €249,945, closing at €106.92.
The 2.1% MGS 2039 (I) was the worst performer, having declined by 1.5 per cent on 29 trades worth €420,359, to close at €99.45.
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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