MSE | Wednesday, 09 July 2008

GO p.l.c. shares gain 4 per cent

GlobalCapital Financial Management Ltd - Malta Stock Exchange Review

Yesterday, the majority of the traded equities apart from Bank of Valletta p.l.c. recorded a positive movement. The Malta Stock Exchange index increased 0.31 per cent to close at 4222.90 points. GO p.l.c. had a positive performance and Malta International Airport p.l.c. and Simonds Farsons Cisk p.l.c. followed suit.
On the winners list GO p.l.c. topped the volume chart as 13,272 shares were swapped across seven transactions. The share price finished €10c0 higher to settle at the €2.60 level. The price shifted in a range of €2.50 to €2.60. At market close, best unsatisfied bids stood at €2.50 for 4,600 shares against best offers of 2,600 shares at €2.60. Week on week, GO p.l.c. gained 1.96 per cent from its closing price of €2.55 on Tuesday 1 July.
Trading in Malta International Airport p.l.c. was restricted to three deals. The share price advanced €1c0 to finish at €3.12. The total turnover amounted to 2,200 shares and carried a market value of €6,864.
The shares of Simonds Farsons Cisk p.l.c. also managed to stay above water. The share price traded €2c0 higher at €2.78. However, the volume was low as only 500 shares changed hands across a single deal.
On the banking front Bank of Valletta p.l.c. slipped €0c5 to close the second session of the week at €4.864 across 3,200 shares. The lowest traded price was €4.864, whereas the highest traded price of the day was €4.868. At the end of trading, bids for 1,000 shares stood at €4.78, whereas the best offer for 1,620 shares stood at €4.865. Week on week, Bank of Valletta p.l.c. surrendered 1.74 per cent from its closing price of €4.95 on Tuesday 1 July.
Elsewhere on the board, International Hotel Investments p.l.c. maintained its previous session price at €1.05 after 9,523 shares worth €9,999.15 were swapped in three transactions.
On Wednesday 2 July HSBC Bank Malta p.l.c. announced that on 1 July 2008, the said Company has acquired 4,998 Ordinary shares of €2.329373 each in HSBC Securities Services (Malta) Limited from HSBC Global Asset Management (Malta) Limited formerly HSBC Fund Management (Malta) Limited. As a result of this transaction HSBC Securities Services (Malta) Limited has become a direct subsidiary of HSBC Bank Malta p.l.c.
On Thursday 4 July Datatrak Holdings p.l.c. announced that the Company issued adverts in two daily newspapers inviting shareholders to nominate fit and proper persons for appointment as directors on the 26 June. In accordance with the provisions of the Company’s articles of association the invitation to shareholders for such nominations closes on the 14th day following the date of the advert, accordingly the 14th day is the 9 July 2008 and not as erroneously shown in the adverts the 15 July 2008. Accordingly submissions of nomination form will close in the 9 July 2008.
On Thursday 4 July, the Board of Directors of Lombard Bank Malta p.l.c. announced that they will be meeting on Tuesday 26 August, 2008 to consider and approve the Group’s and the Bank’s Financial Statements for the half year ended 30 June 2008.
In the fixed interest market, a total of €2,438,447.56 (16 Deals) were transacted in Government Bonds, whereas a total of €7,454 (1 Deal) were transacted in Corporate Bonds.
The turnover value in the Treasury Bill secondary market amounted to €99,005.13.
the latter, through its shareholding in accordance with Article 97 of the Company’s Memorandum and Articles of Association. There are no other matters to disclose in accordance with Listing Rules 8.16.3 to 8.16.8. Following a special Board Meeting convened immediately after the AGM, Mr Mario C. Grech was appointed Executive Chairmen and Mr Roderick E.D. Chalmers was appointed Deputy Chairman of the Board of Directors.