20 April 2005


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Malta Stock Exchange weekly round up

Jesmond Mizzi in his weekly market review looks back at market activity between
13 - 19 April

The Malta Stock Exchange index traded mostly in positive territory over the last five trading sessions with a week on week increase of 83 basis points. The index has seen a gain of 2.44% and a year to date increase of 13.08% and it now stands at the level of 3470.411.
The total equity volume for the week was 413,935 nominal shares and 173 trades were registered averaging a total value of Lm 752,656.
The best performer for the week was Maltacom plc with a week on week increase of 9.49%. As at year to date, Maltacom now stands at the level of how it started, that is Lm1.50. This increase in share price of 5c was achieved through 22 deals with a total of 34,300 shares being executed. The lowest price MLC shares traded throughout the week was Lm1.38 and closed at the highest traded price of Lm1.50.
The banking sector was in a positive territory in these last five trading days, especially when notifying that HSBC has increased with a week on week of 0.20% and a year to date increase of 22.23%, and Bank of Valletta once again reaching the Lm5.00 level to close off the week at the highest trading price of Lm5.05. BOV’s week on week gain was of 3.27% and as at year to date, it now stands at a gain of 12.47%. HSBC saw a total of 65,107 shares being executed in a total of 84 deals whereas BOV saw a total of 30,617 shares being traded in 38 transactions. The Board Of Directors of BOV plc are scheduled to meet on Thursday 28th April 2005 to discuss the Group’s and the Bank’s interim financial statements for the half-year ended 31st March 2005 and the consideration of the declaration of an interim dividend. Lombard Bank saw a total increase of 2.11% week on week in a total of somewhat less than 1,700 shares being traded. In the last five trading days, Lombard Bank increased by a total of 10c0 in its share price. FIMBank Ltd did not trade throughout the week and kept its price level of Lm1.21. As at year to date, this equity stands at a gain of 22.84%. FIMBank Ltd. Announced that its Annual General Meeting (AGM) will be taking place on the 5th May 2005 where a total of resolutions will be discussed including the amendment of the company’s name. FIMBank Ltd. also recommended that no dividend will be paid in respect of the year under review. International Hotel Investments gained a total of 3.86% week on week. IHI equity was the most traded share throughout the last five trading days, with a total of 264,028 shares being executed in a total of 11 deals. As at year to date it stands at a gain of 4.00%.
Middlesea Insurance was the least gainer throughout the last five trading days with a total increase of 0.03% whereas Simonds Farsons Cisk was the only share price to close in a negative territory. Middlesea Insurance increased in its share price by a minimal of 0c1 to close off at Lm3.101 whereas Simonds Farsons Cisk fell by 5c5 to close off the week at Lm1.14, a decline of 4.60% week on week.
Plaza Centres gained a total of 2c0 to close off the week at 64c. As at year to date, Plaza Centres stands at a gain of 4.07% whereas week on week it gained a total of 3.23%. This increase of 2c was achieved from 2 deals and 1,500 shares changing hands.
San Tumas Shareholding registered an increase of 4c to reach the level that it had started off with in the beginning of the year. Throughout the week it has increased by a total of 5.26%. This increase was achieved by a one time trade on Friday of a total of 2,135 shares.
Malta International Airport has increased by a total of 2c, a week on week increase of 1.60% to close off the week at Lm1.27. The highest price to trade throughout the last five trading sessions was that of Lm1.28. As at year to date, MIA stands at a gain of 12.39%.
Apart from FIM Bank plc, another three equities have kept their price at level without any trades throughout the last week. These were, Global Financial Services Group, Suncrest Hotels, and Datatrak. Their closing prices were Lm1.27, 35c2, and 20c respectively. Whereas Suncrest still stands at a year to date gain of 6.99%, both GFSG and Datatrak still stand at a loss of 9.09% and 15.25% respectively.
On the Bond market, we saw the total nominal values of Lm298,060 and Lm1,111,033 on corporate bonds and Malta Government Stocks respectively.

Daily Reports for the last five trading sessions.

Wednesday, 13th April 2005
Activity on the local bourse was spread out on four equities. HSBC equities were the most traded with a total of 16 deals out of 25. BOV and HSBC kept their price at level whereas Lombard Bank and Malta International Airport share price rose by 1c0 and 3c0 respectively.

On the bond market, there were a total of 13 transactions with a total value of Lm174,000.

The MSE Index rose by 4 basis points to close off at 3392.

Thursday, 14th April 2005.
Today the local bourse saw a positive turnout with a total of five equities being traded and gaining in their price. Trading was quiet for both the equity and the bond markets.

The bond market saw a total of nine deals being traded with a total value of Lm102,596.

The MSE Index increased by a total of 13 basis points to close at 3405.

Friday, 15th April 2005.
Today the local bourse saw another positive day to close off the week in positive territory. The three largest companies, BOV, HSBC and MLC dominated the activity throughout the day. These three equities saw a total of 32 deals being traded out of the total 35. All three equities closed off the week in positive territory. The losers on today’s market were MIA and SFC to see a fall of 1c0 and 0c6 respectively.

Trading on the bond market was quite substantial. A total of 32 transactions were recorded summing up to a total value of approximately Lm705,000.

The MSE Index increased by 30 basis points and closed off at 3435.

Monday, 18th April 2005
A positive start for this week’s trading on the local bourse. Activity was dominated from BOV and HSBC equities. BOV registered a total gain of 9c5 whereas HSBC share price fell by 1c0. Throughout the day, another four shares were traded, out of which only one closed in a negative territory.

Activity on the bond market was a substantial one with 44 transactions totaling Lm307,214.

The MSE Index increased by 17 basis points to close at the 3452.338 level.

Tuesday, 19th April 2005
Another positive day on the local stock exchange, were the three largest listed companies dominated once again the local trading. The three equities registered a total of 34 deals out of a total of 35 transactions. A total of 1400 MIA shares were executed in one transaction, the price did not change and closed at Lm1.27.

The trading in the bond market was spread out in a total of 18 transactions with a total value of Lm138,653.

The MSE Index increased by a total of 18 basis points to close off at 3740.411.

For further information please call at our offices on 21224410 or email info@jmfs.net. This article does not intend to give investment advice and the contents therein should not be construed as such. Readers are encouraged to seek professional advice regarding their personal financial situation. The value of investments can go down as well as up. Past performance is no guarantee for future performance. Jesmond Mizzi Financial Services Limited is licensed to conduct investment services by the Malta Financial Services Authority.



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