MSE Index ends week 0.4% higher
MSE Trading Report for week ending December 11, 2015
The MSE Index fully recouped its previous week’s losses having registered a 0.42 per cent increase, to close at 4,486.643 points. Turnover amounted to €1.6m as activity was spread across 17 equities, of which 10 gained ground, six fell and one closed unchanged.
Mapfre Middlesea plc shares headed the list of gainers having appreciated by eight per cent as three trades of 7,850 shares were struck, to close €0.17 higher at €2.29. Conversely, Malta Properties Company plc shares were the worst performers having stumbled by €0.06 or 10.7 per cent, closing at €0.50. The equity was active on 72 trades of 569,578 shares.
Bank of Valletta plc (BOV) shares oscillated between a weekly high of €2.335 and a low of €2.305, to ultimately close at €2.33 and thus registering a 1.5 per cent gain. The banking equity was negotiated across 19 transactions of 36,706 shares. Similarly, FIMBank plc shares advanced by a further 6.8 per cent over eight transactions of 62,540 shares, to close at $0.694.
Lombard Bank Malta plc shares advanced by a further 1.3 per cent over seven trades of 38,207 shares, closing at €2.41. On a negative note, HSBC Bank Malta plc shares declined by one per cent as 21,062 shares changed ownership, to close at €1.781. The bank announced that the next board meeting will be held on February 22, 2016 to approve the final audited accounts for the financial year ending December 31, 2015 and to consider the declaration of a final dividend to be recommended at the bank’s forthcoming Annual General Meeting due to be held on April 15, 2016.
Meanwhile, Simonds Farsons Cisk plc shares sustained their upward streak having appreciated by 0.5 per cent to close at a fresh high of €6.40. Conversely, Malta International Airport plc (MIA) shares closed the week 0.3 per cent lower at €4, despite closing at its all-time high of €4.05 on Wednesday. The local airport operator’s shares witnessed 12 deals of 32,409 shares.
On Tuesday,MIA announced positive traffic results for November 2015, which record an upward trend in journeys, passenger movements, seat capacity and in cargo and mail shipping. Flights to Spain, Italy and the United Kingdom registered and increase in passengers when compared to the same period of the previous year while traffic numbers to France and Germany dipped.
In the I.T. sector, RS2 Software plc shares edged 0.3 per cent higher as eight deals of 63,000 shares were struck, to close at€3.095. Meanwhile, 6pm Holdings plc shares traded flat at £0.68 on a sole transaction of 2,205 shares.
Medserv plc shares recouped by one per cent as 12,000 shares changed hands, closing at €2.12. The company announced that it has submitted an application to the Listing Authority for the approval of a prospectus and for the admissibility to listing on the official list of the Malta Stock Exchange of unsecured bonds and ordinary shares to be issued pursuant to a rights issue. Moreover, 20,000,002 ordinary shares of a nominal value of €0.10 per ordinary share were issued to those shareholders on the register of shareholders after settlement on the close of business on October 30, 2015.
The share price of Plaza Centres plc registered a 3.1 per cent increase as a single deal of a scant 16 shares was executed, to close at €1. Similarly, Tigne Mall plc shares fully erased its previous losses having advanced by 2.7 per cent, closing at €0.965.
GO plc was the most liquid equity having witnessed 29 deals of 235,440 shares worth €683.5k. The telecommunications provider’s shares fell by €0.05 or 1.7 per cent, to close at its weekly low of €2.90. On a similar note, International Hotel Investments plc shares declined by 2.4 per cent as four deals of 13,590 shares were negotiated, closing at €0.801.
Malita Investments plc strengthened by 3.7 per cent as two trades of 7,000 shares were executed, to close €0.035 higher at €0.985. On the other hand, MaltaPost plc shares edged one per cent lower across three deals of 4,753 shares, closing at €1.97.
In the corporate bond market 19 bonds were active of which 10 decreased, eight closed unchanged and the 6.25% International Hotel Investments plc € 2017-2020 increased by a marginal 0.6 per cent, to close at €105.50. Total turnover amounted to €263,540. On Wednesday, BOV announced that its offer for subscription to the public of a maximum of €75,000,000 in the 3.50% p.a. Subordinated Notes 2030 issue exceeded €113 million, which were received from over 2,600 applicants. The allocation policy will be announced next Monday.
In the sovereign debt market turnover amounted to €1.9m spread across 13 issues of which 10 rose and three fell in value. The 3% MGS 2040 (I) registered the best performance having increased by 1.5 per cent, to close at €108.61. On the other hand, the 2.3% MGS 2029 (II) FI Oct 15 r was the most liquid issue having witnessed a turnover of €894,850.