MSE | Wednesday, 19 September 2007

All flat at Garrison Chapel

GlobalCapital Financial Management Ltd - Malta Stock Exchange Review

Yesterday, the local bourse witnessed a lacklustre session as the MSE Index closed completely flat at 4894.571 points. All traded equities including leading banking stocks Bank of Valletta p.l.c. and HSBC Bank Malta p.l.c. preferred to stay on the sidelines in a wait and see mood.
On the banking front, Bank of Valletta p.l.c. was the most liquid stock of the day as 33,253 shares changed hands. The share price traded unchanged throughout the session to close at Lm3.60 (Eur8.39) across 13 transactions carrying a market value of Lm119,710 (Eur278,849.29). Week on week Bank of Valletta p.l.c. lost 0.55% from its previous close of Lm3.62 (Eur8.43) on Tuesday 11th September.
HSBC Bank Malta p.l.c. followed suit as the share price traded sideways without effecting its previous session close at Lm1.92 (Eur4.47). The price shifted in a very tight range of Lm1.919 (Eur4.47) to Lm1.92 (Eur4.47). A total of 15,088 shares changed hands and swapped across 13 deals. At the end of trading, bids for 3,000 shares were at Lm1.915 (Eur4.46), whereas the best offer for 6,468 shares stood at Lm1.92 (Eur4.47). Week on week HSBC Bank Malta p.l.c. gained 0.52% from its previous close of Lm1.91 (Eur4.45) on Tuesday 11th September. The total turnover of the week amounted to 46,921 shares carrying a market value of Lm89,969 (Eur209,571.40).
Remaining on the banking front, foreign-denominated FIMbank p.l.c. closed the session locked at $1.94. Total volume for today amounted to 14,002 shares totting up a value of $27,163 across a single transaction. Furthermore, GlobalCapital p.l.c. shares closed flat at Lm1.87 (Eur4.36).
On the telecommunication front the share price of Maltacom p.l.c. was stuck at Lm1.39 (Eur3.24). Five deals were transacted across 11,000 shares being traded. At market close, the best demand for 950 shares were at Lm1.38 (Eur3.21), whereas the best supply for 550 shares stood at Lm1.39 (Eur3.24). Week on week Maltacom p.l.c. surrendered a notable 2.11% from its previous close of Lm1.42 (Eur3.31) on Tuesday 11th September.
Elsewhere on the board Simonds Farsons Cisk p.l.c. maintained its previous session price at Lm1.05 (Eur2.45) after 2,400 shares were swapped across a single transaction. The total turnover of the week amounted to 15,832 shares carrying a market value of Lm16,622 (Eur38,718.84).
Following a company announcement issued on Monday 17th September, Simonds Farsons Cisk p.l.c. announced that the Board of Directors shall meet on Wednesday 26th September to consider and approve the Company’s Financial Statements for the six month period ending on 31st July 2007. Furthermore they shall consider the distribution of an interim dividend on all Ordinary Shares of 12c5 (Eur0.29) each held by shareholders on the Register as at 5th October 2007.
In the fixed interest market, a total of Lm 21,957 (Eur51,146.05) (7 deals) were transacted in Government Bonds whilst a total of Lm7,520 (Eur17,516.89) (2 Deals) were transacted in Corporate Bonds.
The turnover value in the Treasury Bill market amounted to Lm21,847 (Eu50,889.82).
The amount in EUR is quoted for information purposes only and is the result of a conversion using the Central Parity Rate of 1 EUR = Lm 0.429300 established by the Central Bank of Malta