MSE | Wednesday, 28 November 2007

GlobalCapital p.l.c. shares took the podium

Global Capital Financial Management Ltd - Malta Stock Exchange Review

Yesterday, the local market moved to negative territory as large-caps Bank of Valletta p.l.c. and HSBC Bank Malta p.l.c. traded lower. The Malta Stock Exchange index slid another 0.36% or 17.22 points to finish the session at 4832.11 points. GlobalCapital p.l.c. was the only gainer of the day and topped the volume charts.
On a positive note GlobalCapital p.l.c. shares took the podium both in terms of performance and in volume. The share price gained 1c5 (Eur0.03) to settle at Lm1.795 (Eur4.18) across a robust volume of 54,000 shares. Global Capital p.l.c. was the most liquid stock of the day. These shares were swapped across nine transactions, carrying a market value of Lm96,463 (Eur224,698.35). The lowest traded price during the session was Lm1.76 (Eur4.10), whereas the highest traded price was Lm1.795 (Eur4.18). Week on week, GlobalCapital p.l.c. gained 0.84% from its closing price of Lm1.78 (Eur4.15) on Tuesday, 20th November.
On the back foot, the shares of Bank of Valletta p.l.c., the second largest capitalization stock on the Malta Stock Exchange’s Official List, continued zooming down. The share price retreated 1c4 (Eur0.03) to close at Lm3.55 (Eur8.27) across 5,710 shares. The price shifted in a range of Lm3.55 (Eur8.27) to Lm3.567 (Eur8.31). At market close, the best demand for 233 shares stood at Lm3.53 (Eur8.22), whereas the best supply for 3,520 shares stood at Lm3.549 (Eur8.27). The total turnover of the week amounted to 31,523 shares and carrying a market value of Lm112,412.92 (Eur261,851.67).
Remaining on the banking front the shares of HSBC Bank Malta p.l.c. were under pressure as they finished the session down by 1c5 (Eur3.50) at Lm1.955 (Eur4.55). Activity was low as only 4,300 shares changed hands across ten trades. At the end of trading, best unsatisfied bids stood at Lm1.95 (Eur4.54) for 8,015 shares against best offers of 2,440 shares at Lm1.955 (Eur4.55). Week on week, HSBC Bank Malta p.l.c. registered a 0.76% decline from its closing price of Lm1.97 (Eur4.59) on Tuesday, 20th November.
On the telecommunications front GO p.l.c. maintained its previous session close at Lm1.34 (Eur3.12) on slim turnover. For the fourth consecutive time the share price terminated unchanged as 2,332 shares changed hands over five deals. The total turnover of the week amounted to 16,682 shares and exchanged across fifteen transactions.
Elsewhere on the board, foreign-denominated International Hotel Investments p.l.c. followed suit. The share price traded sideways without effecting their previous session close at Eur1.01 across 1,850 shares. On Wednesday 21st November, International Hotel Investments p.l.c. announced that following the injection of new equity, IHI is now actively seeking the acquisition of other hotel properties which fit its strategy.
On Thursday 22nd November, Datatrak Holdings p.l.c. announced that with immediate effect Mr. Joseph Azzopardi has resigned from his post of director of the Company. Mr. Azzopardi was a non-executive director of the Company.
On Tuesday 27th November, FIMBank p.l.c. announced that MENAFACTORS Limited has commenced operations in the Dubai International Financial Centre (DIFC). MENAFACTORS Limited, a joint venture between FIMBank p.l.c. and National Bank of Dubai, was granted by the Dubai Financial Services Authority (DFSA) a Category 1 licence. Furthermore, MENAFACTORS Limited has an authorised and issued share capital of USD 10,000,000 divided into 20,000,000 ordinary shares of a nominal value of USD 0.50 each fully paid up. FIMBank p.l.c. shareholding in MENAFACTORS Ltd. amounts to 50% of the authorised and issued share capital.
In the fixed interest market, a total of Lm37,668 (Eur87,742.84) (9 Deals) were transacted in Government Bonds whilst a total of Lm14,672 (Eur34,176.57) (7 Deals) were transacted in Corporate Bonds.
The turnover value in the Treasury Bill market amounted to Lm34,514 (Eur80,396).
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.