MSE | Wednesday, 14 January 2009

GlobalCapital Financial Management Ltd - Malta Stock Exchange Review

A calm day at Garrison Chapel

Yesterday, during the second session of the week, the local market was characterised by slow-moving activity and subdued volumes. The Malta Stock Exchange index finished unchanged at 3,228.62 points. The two stocks that were negotiated were Bank of Valletta p.l.c. and International Hotel Investments p.l.c.
The shares of Bank of Valletta p.l.c. surrendered €60c0 to settle at the €3.00 level across 9,895 shares. However, this drop represents no decrease in value per one share held and reflects the bonus issue that the bank had declared. Bank of Valletta p.l.c. had announced that with effect from Thursday 15 January 2009, the amount of €26,666,667 from the Company’s retained earnings is capitalised for the purpose of a bonus issue of 26,666,667 fully paid ordinary shares of a nominal value of €1.00 per share. This represents one (1) bonus share for every five (5) shares held, to be allotted to the members appearing on the Register of Members as at the close of business on the Malta Stock Exchange on the 15 January 2009. At the end of trading, bids for 2,070 shares stood at €2.90, whereas the best offer for 2,937 shares stood at €3.00.
Large-cap International Hotel Investments p.l.c. maintained its previous session price at €0.87 after 5,017 shares worth €4,364.79 were swapped in one transaction. Week on week this stock gained 0.51 per cent from its closing price of €1.751 on Tuesday 6 January.
Meanwhile, the share price of GlobalCapital p.l.c. remained at €1.991.
On Wednesday 7 January FIMBank p.l.c. announced that the Board of Directors shall meet on Monday, 9 March 2009 to consider and approve the annual financial statements of the Company for the year ended 31 December 2008. Furthermore, the Board of Directors shall consider the payment of a dividend.
On Wednesday 7 January Medserv p.l.c. announced that on 1 January 2009 Mr Charles Galea has been appointed as “General Manager – Administration” of the Medserv group of companies. There are no disclosures to be made in terms of listing rules 8.16.3 to 8.16.8.
6pm Holdings p.l.c. announced on Friday 9 January that the Company has fully subscribed to the increase of issued share capital equivalent to €13,351,97 consisting of 5,732 ordinary shares of €2,329373 each fully paid up in 6pm Limited.
On Monday 12 January Datatrak Holdings p.l.c. announced that Mr Maurice Mizzi had resigned from his post as Director of the Company on the 19 December 2008, in view of his retirement from a number of directorships and other activities/commitments.
In the fixed interest market, a total of €49,318 (One trade) was transacted in Government Bonds. This was the 4.8 per cent Malta Government Stock maturing in 2016 and gained 0.15 per cent at €105.86 across a turnover of 46,588 units.
A total of €12,810 (Four trades) were transacted in Corporate Bonds. The 6.6 per cent Simonds Farsons Cisk 2010/12 and the 7 per cent Gap Developments p.l.c. 2011-2013 lost 0.11 per cent and 0.59 per cent to finish at €101 and €84.50 respectively. Meanwhile, the 6.7 per cent Mizzi Organisation Finance p.l.c. that matures in 2009/2012 and the 6.7 per cent AX Investments p.l.c. 2014-2016 finished static from their previous session close at €100.50 and €100 respectively.
The turnover value in the Treasury Bill secondary market amounted to €1,000,193 (One trade).

Issued by GlobalCapital Financial Management Ltd, 120 The Strand, Gzira, GZR1027 for information purposes only and is not intended to constitute any financial, legal or tax advice. This write up is not to be taken as investment advice to buy or sell any investment. Investors should seek professional advice prior to taking investment decisions and should note that the value of investments may fall as well as rise. Readers who would like more information are invited to send an E-mail to [email protected] or Tel: 21 342342. GlobalCapital Financial Management Ltd is a member of the Malta Stock Exchange and is licensed by the Malta Financial Services Authority (MFSA).



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14 January 2009

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