MSE | Wednesday, 08 July 2009

GlobalCapital Financial Management Ltd - Malta Stock Exchange Review

Three gainers and three losers recorded

Yesterday, on the Exchange floor, the local market witnessed a mixed session as three gainers and three losers were recorded. The Malta Stock Exchange index edged forward 0.09% to finish the second session of the week at 2943.70 points. A total of 25,108 shares were negotiated in the equity market.
After the shares of HSBC Bank Malta p.l.c. traded sideways for five consecutive sessions, yesterday, the share price gained €1c0 to settle at the €2.61 level. The volume remained low as 1,540 shares were swapped across a single transaction. Week on week the shares of HSBC Bank Malta p.l.c. gained 0.39% from its closing price of €2.60 on Tuesday 30th June.
Large-cap International Hotel Investments p.l.c. topped the volume chart as 7,153 shares changed hands in five deals. The share price traded €1c0 higher to close at €0.81. These shares carried a market value of €5,795.93. At the end of trading, bids for 1,250 shares stood at €0.82, whereas the best offer for 1,202 shares stood at €0.945.
Another stock that managed to advance was Malta International Airport p.l.c. The share price gained €1c0 to finish at €2.101. The lowest traded price during the session was €2.092, whereas the highest traded price of the day was €2.101. The total turnover of the week amounted to 12,618 shares.
On the other side of the spectrum, Bank of Valletta p.l.c. moved into negative terrain. The share price lost €2c4 to settle at the €2.635 level across 5,572 shares. At market close, best unsatisfied bids stood at €2.635 for 39 shares against best offers of 2,737 shares at €2.65. From last week the shares of Bank of Malta p.l.c. increased 1.35% from its closing price of €2.60 on Tuesday 30th June.
Remaining on the banking front, the shares of FIMBank p.l.c. witnessed a decline. The share price finished marginally lower by US$1c0 at US$1.17. The price shifted in a very tight range of US$1.17 to US$1.18.
Elsewhere on the board, the shares of GO p.l.c. were once again range-bound, shedding €2c0 at €1.80 across 4,900 shares. These shares were swapped across three trades. GO p.l.c. announced on Friday 3rd July that Forgendo Limited, the joint venture company between GO p.l.c. and Emirates International Telecommunications Malta Limited, has acquired a further 8,694 shares in Forthnet S.A. issued share capital, for a total consideration of €16,083.90. On Tuesday 7th July, GO p.l.c. announced that it has acquired a further 400,000 shares in Forthnet S.A. issued share capital, for a total consideration of €739,560.
On Wednesday 1st July, the Board of Directors of Lombard Bank Malta p.l.c. announced they will be meeting on Thursday 27th August 2009 to consider and approve the Group’s and the Bank’s Financial Statements for the half year ended 30th June 2009.
On Wednesday 1st July, Simonds Farsons Cisk p.l.c. announced that the allotment of 4,285,714 bonus shares of a nominal value of €0.30 each fully paid up on the close of business on the 25th June 2009, Simonds Farsons Cisk plc’s issued and paid up capital increased to €9,000,000 divided into 30,000,000 ordinary shares with a nominal value of €0.30 each fully paid up. Consequently, as at 30th June 2009, the total number of voting rights has increased to 30,000,000 votes. The Company has an authorized share capital of €9,000,000 divided into 30,000,000 ordinary shares with a nominal value of €0.30 each.
In the fixed interest market, a total of €40,519 (seven deals) were transacted in Corporate Bonds. Meanwhile, a total of €3,585,211 (seventeen deals) were transacted in Government Bonds.

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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08 July 2009


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