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MSE sustains positive trend

The Malta Stock Exchange index registered an increase for the eight consecutive week, advancing by a further 0.51 per cent to close at 4,128.819 points.

Turnover amounted to €1.85 million spread across 17 equities of which six declined, eight gained ground and three closed unchanged.

The best performer for the week was RS2 Software plc, having appreciated by a significant €0.215 or 10.8 per cent as 52 trades of 186,833 shares were struck. The equity oscillated between a weekly low of €2 and an all-time high of €2.22, to ultimately close at €2.215.

In the same sector, 6pm Holdings plc shares rallied by 4.8 per cent on Tuesday – its first active trading day since the bonus issue of one for every 50 shares held which was distributed in June. The IT equity witnessed a sole transaction of 1,000 shares to close £0.035 higher at £0.76.

Similarly, Loqus Holdings plc shares recovered by a slight 0.8 per cent following last week’s 7.7 per cent decline, as a sole trade of a mere 600 shares was struck, closing at €0.121.

Simonds Farsons Cisk plc shares soared by €0.15 or 3.3 per cent as 3,810 shares changed ownership, closing at a record high of €4.65.

Go plc shares climbed by 2.6 per cent as 34 deals of 127,322 shares were negotiated, closing at a nine-year high of €3.54.

Malta International Airport plc shares were back in positive territory having increased by 3.5 per cent over 28 transactions of 74,720 shares to close at €3.45. The board of directors is scheduled to meet on July 29 to consider and, if considered appropriate, approve the company’s interim financial statements for the six months ended June 30, 2015. The payment of an interim dividend will also be considered during the meeting.

Investors shied away from the banking sector as all active banking equities registered a decline in their share price. Lombard Bank Malta plc shares headed the list, having registered a 2.1 per cent decline as three transactions of 8,626 shares were negotiated, to close €0.039 lower at €1.82.

Bank of Valletta plc shares followed suit having declined by €0.04 or 1.7 per cent as 59 trades of 141,169 shares were executed, closing at €2.30.

HSBC Bank Malta plc shares also decreased to a lesser extent by 0.1 per cent as 109,491 shares changed hands, to close at €1.798.

Mapfre Middlesea plc shares slipped by a further 2.8 per cent across four deals of 12,500 shares, closing at €1.74.

Plaza Centres plc shares declined by a further one per cent over a sole transaction of 20,000 shares, closing at €0.96.

MIDI plc shares registered an increase for the fourth consecutive week, having appreciated by 2.9 per cent as three trades of 85,000 shares were struck, to close at €0.35.

Tigne Mall plc shares traded flat at €0.85 across four deals of 8,000 shares.

The other non-movers for the week were Medserv plc and Maltapost plc shares having closed unchanged at €2.355 and €1.50 respectively. Four transactions of 8,600 shares were executed in Medserv plc to close at €2.355, while two trades of 2,609 shares were negotiated in Maltapost plc.

International Hotel Investments plc shares extended their recent downward trend by a further 1.2 per cent across five deals of 29,520 shares, closing at €0.855.

Malita Investments plc shares gained 1.1 per cent as 62,000 shares changed ownership, closing at €0.90.

In the corporate bond market 20 issues were active of which seven gained ground, four declined and nine closed unchanged on a turnover of €1.5 millionm. The 4.5% Izola Bank plc € Unsecured 2025 was the most liquid issue having witnessed a turnover volume of 870,000 nominal, closing 0.7 per cent lower at €104.35.

The 7.15% Mediterranean Investments Holding plc Euro 2015-2017 headed the list of fallers having declined by one per cent, to close at €100.01, while the 4.6% HSBC Bank Malta plc € 2017 was the best performer having increased by 0.9 per cent, closing at €105.

The board of directors of 6PM Holdings plc announced that pursuant to the Listing Authority’s regulatory approval received on July 8, 2015, it will be issuing €13m 5.1% unsecured bonds in bonds redeemable in 2025, with a nominal value of €100 per bond issued at par. The issuer will be granting preference to shareholders listed in the share register at the Central Securities Depository as at close of business on June 8, 2015, to subscribe to the new bonds.

In the sovereign debt market turnover totalled €7.5m spread across 24 issues of which 14 gained ground, one closed unchanged and nine fell in value.

The 4.5% MGS 2028 (II) was the best performer having increased by 1.1 per cent, to close at €126.50. Meanwhile, the 5% MGS 2021 (I) was the most liquid issue having witnessed a turnover of €1.9m, closing 0.5 per cent higher at €122.09.

This article,which was 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 e-mail [email protected].

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