BOV shares break €2.30 barrier pre-results
MSE Trading Report for week ending October 28, 2016
The MSE Index ended the week in positive territory, with a 0.11 per cent increase closing at 4,550.729 points. A total of 15 equities were active, of which six gained ground, four slipped, while five remained afloat. Turnover in the equity market spiked from €1.14m to €2.85m
Bank of Valletta plc traded higher as its share price appreciated by 0.66 per cent, registering an adjusted yearly high of €2.305, with a total turnover of just over €1m, spread over 49 deals, in anticipation of the bank’s annual results. Infact, after Friday’s close of business, the bank announced its financial year end results as atSeptember 30, 2016, reporting a profit before tax of €145.9m, after accounting for a one off gain resulting from the proceeds of sale of their interest in VISA Europe of €27.5m. In addition the board resolved to recommend, for approval of the AGM, the payment of final gross dividend of €0.0852 and also a bonus share issue of one for every thirteen shares held.
HSBC Bank Malta plccontinued to maintain its rally for the fourth consecutive week, adding a further 0.53 per cent on its previous gains, to close the week at €1.91, with a total trade value of around €247k spread over 56 transactions.
Meanwhile, the share price of FIMBank plc maintained last week’s closing price at $ 0.88, spread over two trades of 12,517 shares.
Mapfre Middlesea plc shares moved 0.55 per cent higher, closing the week at €2.011c, spread over three transactions with a turnover of €4.5k.
A single trade of 2,000 shares inLombard Bank Malta plc failed to veer the equity’s price, leaving the price unchanged at €2.18.
GO plcshares remained upbeat for the second consecutive week registering a gain of almost one per cent, closing the week at €3.23 with a turnover of almost €64k spread over six trades.
RS2 Software plcshares managed to rebound from its rocky start earlier in the week closing flat at €1.50, registering the second largest turnover of the week of € 965k.
After being inactive last week, Simonds Farsons Cisk plc shares plunged by 3.57 per cent, closing the week at €6.75, spread over three transaction on low volumes.
Malta Properties Company plcoscillated between positive and negative ground closing the week in negative territory, as it declined by 1.61 per cent with a trade value of €37k spread over 16 trades. Also on a negative note, a single trade of 4,000 shares in GlobalCapital plc dragged the price down 4.26 per cent to €0.45 adding to last week’s four per cent loss.
International Hotel Investments plcremained flat at €0.66c as 8,000 shares changed hands. .
Malta International Airport plc shares declined for the third consecutive week, having eased 0.12 per cent to €4.145 with a total trade value of €144k, spread over 21 trades.
In the oil and gas industry, Medserv plc climbed by 0.60 per cent, closing at €1.509 over high volumes amounting to 229k shares.
In the property sector, one trade of 7,000 shares in MIDI plc left its price unchanged at €0.325.
Loqus Holdings plc shares also locked a positive return, as its share price advanced by0.7 per cent to €0.14 on a thin volume of 400 shares.
In the corporate bond market, a total of 34 issues were traded reaching a turnover of €2m. The majority of the traded issues remained afloat, 11 declined and ten gained ground.
Premier Capital plcannounced the approval of a €65 million Unsecured Bond Issue, with a coupon of 3.75 per cent and maturing in 2026, issued at par. Current bondholders of the 6.8% Premier Capital plc 2017-2020, to be redeemed on March 16, 2017, have a reserved amount of €30 million. Preference of up to €3 million is being granted to shareholders, directors or employees of Hili Ventures Limited,while a further €12 million will be reserved to bondholders of Hili Properties and PTL Holdings.
In the sovereign debt market, turnover fell from €19.7 million to € 14.7m All but one of the twenty six traded issues closed the week lower following last week’s rally. On Friday, The Treasury announced that all applications in the 1.5% MGS 2022 (IV) Fungibility Issue were accepted in full, while applications in the2.1% MGS 2039 (I)up to and including 45,000 in nominal terms shall be met in full, while applications above 45,000 in nominal terms shall receive a minimum of 45,000 nominal per applicant plus an additional 11 per cent of the remaining unallocated balance per applicant rounded up to the nearest 100.