MSE | Wednesday, 22 April 2009

GlobalCapital Financial Management Ltd - Malta Stock Exchange Review

Local bourse makes strong gains

Yesterday, the local stock exchange closed higher at 2857.70 points, up 1.72% gaining 48.33 points. From 14th April to 21st April the local index climbed a total of 204.38 points or 7.7%. A total of 43,991 shares were exchanged for the total value of €108,558.91. Forty Five trades were exchanged on this day.
One of the local leading banks, Bank of Valletta p.l.c. closed higher at €2.45 per share, rising by a very respectable €0.096 or 4.08%. The equity was the second most liquid in all stocks traded and seventeen trades were swopped in which a volume of 9,921 shares were exchanged. Best bid stood at 978 shares at €2.45 against best offer of 1000 shares at €2.499. On Wednesday 15th April, the Board of Directors of Bank of Valletta p.l.c. announced that they are scheduled to meet on Thursday 30th April 2009 to consider and approve the Group’s and the Bank’s interim financial statements for the six months ended 31st March 2009. Furthermore, they shall consider, and if thought fit, declare an interim dividend.
Remaining in the banking sector, HSBC Bank Malta p.l.c. which also increased by a respectable €0.06 or 2.46%. The share price ended the session to close at €2.50. The increase in price was performed as twenty two deals were swapped over a volume of 31,320 shares. Best bid is at €2.45 for 1,420 shares against the best offer at €2.50 for 180 shares.
Elsewhere in the banking sector, Lombard Bank p.l.c. also increased its share price to close out at €2.50 increasing by a healthy €0.05 or 2.04%. A total of four deals were concluded through the exchanging of 2,000 shares.
Malta International Airport p.l.c. became the leading stock in terms of movement in share price. Although only two trades were recorded by the exchange of 750 shares, the stock soared to close at €2.17 gaining €0.10 or 4.83%.
In the fixed interest market, a total of €1,107,871 (Twenty One deals) was transacted in Government Bonds. Meanwhile, a total of €88,933.50 (Fifteen deals) was transacted in Corporate Bonds.


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22 April 2009

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