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MSE | Wednesday, 07 January 2009

GlobalCapital Financial Management Ltd - Malta Stock Exchange Review

Bank of Valletta p.l.c. shares extends positive run

Yesterday, at Garrison Chapel the local market remained in positive terrain as the Malta Stock Exchange index finished marginally higher by 0.10 per cent or 3.12 points at 3,226.52 points. The sole gainer of the day was Bank of Valletta p.l.c. Meanwhile, GO p.l.c., Malta International Airport p.l.c. and MaltaPost p.l.c. finished on the back foot.
The shares of Bank of Valletta p.l.c. were in the limelight again after its share price finished up by €2c0 or 0.56 per cent to settle at the €3.60 level. Turnover amounted to 16,283 shares and swapped across twenty-three transactions. These shares carried a market value of €58,575.57. At market close, best unsatisfied bids stood at €3.59 for 1,300 shares against best offers of 2,887 shares at €3.599. Week on week Bank of Valletta p.l.c. gained 3.75 per cent from its closing price of €3.47 on Tuesday 30th December.
On the telecommunications front, GO p.l.c. shares opened at €1.752. At the end of the session, the share price terminated fractionally lower and finished at €1.751, down by €0c1. The volume was quite low as 1,700 shares changed hands in three trades. The total turnover of the week amounted to 6,090 shares and swapped in eight deals.
On even lower turnover, the share price of Malta International Airport p.l.c. decreased by €0c1 at €2.497 across 500 shares.
Trading in MaltaPost p.l.c. was restricted to two deals. The share price declined €0c1 to settle at the €0.817 across 2,021 shares. At the end of trading, bids for 3,000 shares stood at €0.75, whereas the best offer for 2,157 shares stood at €0.817. Week on week MaltaPost p.l.c. lost 0.12 per cent from its closing price of €0.818 on Tuesday 30 December.
Elsewhere on the board, FIMBank p.l.c. maintained its previous session price at US$1.45 after 600 shares worth US$870 were swapped in a single transaction. GlobalCapital p.l.c. shares are currently trading at €1.991.
In the fixed interest market, a total of €448,015 (Twenty-Three deals) were transacted in Government Bonds. Out of the nine stocks that were negotiated during the second session of the week only one bond finished in positive terrain. This was the 7.8 per cent Malta Government Stock maturing in 2013 and gained 0.69 per cent at €118.98. The most traded Government stock was the 5 per cent Malta Government Stock maturing in 2021(I) with a total volume of 234,211 and closed at €104.74, down by 0.82 per cent.
A total of €135,369 (Eleven deals) were transacted in Corporate Bonds. The 6.15 per cent Bank of Valletta p.l.c. 2010 and the 7 per cent Gap Developments p.l.c. 2011-2013 lost 0.25 per cent and 3.41 per cent to finish at €101.50 and €85 respectively. On a positive note, the 6.5 per cent Corinthia Finance p.l.c. that matures in 2010 and the 7.5 per cent Mediterranean Investments Holdings p.l.c. 2012-2014 increased by 0.15 per cent and 0.06 per cent to close at €100.65 and €102.57 respectively.
The turnover value in the Treasury Bill secondary market amounted to €368,725 (One deal).

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 info@globalcapital.com.mt 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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07 January 2009
ISSUE NO. 564

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