RS2 Software shares climb by 5.3 per cent

MSE Trading Report for week ending November 04, 2016

The MSE Index ended the week in negative territory, with a 0.72 per cent decline, closing at 4,517.987 points. A total of 19 equities were active, of which seven closed higher, eight lost ground, while four closed unchanged. Turnover in the equity market contracted from €2.85m to € 2.11m.

RS2 Software plc  managed to pull off a gain of 5.3 per cent, after ending a five-session winning streak on Friday, – The equity closed the week at €1.58, having traded at a low of €1.499 and a high of €1.62 as total turnover  amounted to around €363k, spread over 65 transactions.

HSBC Bank Malta plcshares plunged by 5.8 per cent, erasing a substantial part of the gains registered in the last two weeks, closing the week at the €1.80 price level –  with a total traded volume of  173.5k shares, spread over 42 trades. On the other hand, Bank of Valletta plc gained marginally, to close at €2.309, with a total turnover of €854.7k, spread over ninety trades, thus registering the highest turnover of the week.

In the same sector, Lombard Bank Malta plc rebounded from its loss earlier in the week to close unchanged at €2.18, spread over two trades of 1,517 shares.

On a positive note,Mapfre Middlesea plc shares, put on 1.4 per cent to close at €2.04, with a total turnover of €1.4k, spread over two trades.

Meanwhile, a single trade of 1,800 shares in FIMBank plc was enough to strengthen the price of the equity by 1.7 per cent to close at $0.895.

A sole trade of 3,333 shares in GlobalCapital plc failed to veer the price of the equity to close at €0.45.

Simonds Farsons Cisk plcshares, slipped, by a further 3.7 per cent to last week’s decline – to close the week at €6.50. A total turnover of around €146k was registered during the week, spread over 10 transactions

Malta International Airport plcshares lost ground during the week, as the equity declined by 4c5 to close at € 4.10, with a total trade volume of 9,365 shares.

One trade of 11,500 shares in Malita Investments plc executed on Monday managed to shrink its price by 1.6 per cent, to €0.865

MIDI plcshares managed a strong late run, as the equity advanced by 4.6 per cent to close the week at €0.34, with a total turnover of €27.7k, spread over four trades.

Malta Properties Company plcshares bounced back from its mid-week losses, as the declines were curbed during Friday’s session – closing the week one cent lower than its opening price at €0.60 – with trading volume amounting to just above 100k shares.

Despite being active throughout the week,GO plc shares declined marginally by 0.3 per cent, with a total turnover of €104.3k, spread over 17 trades. On the other hand, three trades amounting to 7,300 shares in Plaza Centres plc saw its price remain afloat at €1.12.

Medserv plc shares reversed last week’s 0.6 per cent gain to close at €1.50, with a total turnover of €144k, spread over eleven transactions.

Loqus Holdings plc sharescontinued their positive rally, reaching a new year-to-date high of €0.165, spread over two trades, amounting to 9,610 shares.

Two trades of 3,250 shares, earlier in the week, were enough to ease the price of International Hotel Investments plc by 0.2 per cent to close at €0.659. Earlier in the week, the directors confirmed that IHI improved its performance in the first three quarters of 2016 when compared to the corresponding period in 2015. They also reported that the positive outlook is likely to continue in the last quarter of the year.

Three trades of 3,100 shares in MaltaPost plc managed to steer the price of the equity in positive territory by 1.6 per cent to €1.88. Last Tuesday, the company announced that the board of directors’ o will be meeting on Tuesday December 6, 2016, to consider and approve the financial statements for year ended September 30, 2016

Elsewhere, Grand Harbour Marina plc shares remained unchanged at €0.869, with a total turnover of €2.6k spread over two trades.

In the corporate bond market, a total of 34 issues were traded reaching a turnover of €1.17m- ofwhich gainers and losers tallied at 12, while 10 closed unchanged.

In the sovereign debt front, turnover plunged from € 14.7m to €6.9m. Out of the twenty three active issues, only four closed in positive territory while the remaining issues lost ground.