MSE | Wednesday, 08 April 2009

GlobalCapital Financial Management Ltd - Malta Stock Exchange Review

Local bourse continues to fall slowly

Yesterday, the local stock exchange closed lower at 2644.87 points, down 0.14% despite a good gain by HSBC Bank Malta p.l.c. A low volume of 7,442 shares were traded for the total equity turnover of €15,015. Just eleven trades were transacted of all five stocks traded.
HSBC Bank Malta p.l.c. was the clear leader and recorded four trades over a weak volume of 2,740 shares. This equity was the sole gainer and increased by €0.04 or 1.92% to close higher at €2.12 per share. At market close best unsatisfied bids stood at 6,350 shares for €2.08 against best offers at 373 shares for €2.12. On Thursday 2nd April, HSBC Bank Malta p.l.c. announced that the shareholders approved all the Ordinary Resolutions on the agenda in its Annual General Meeting held on 1st April 2009.
Remaining on the banking sector Bank of Valletta p.l.c., which faired better than most other stocks traded to remain unchanged at €2.07 per share. A total of four deals were executed over a volume of 3,701 shares, the highest volume traded by all stocks. Week on week, the shares of Bank of Valletta lost 4.61% from its closing price of €2.17 on Tuesday 31st March.
Elsewhere on the local market, Malta International Airport p.l.c. faired well to remain neutral. Just 285 shares were dealt through one trade. Week on week, MIA shares decreased 5.96% from its closing price of €2.18 on Tuesday 31st March.
International Hotel Investments p.l.c. recorded a loss of €0.02 per share and closed at €0.78 across 350 shares. The total trades were swapped over one deal. On Friday 3rd April, the Board of Directors of International Hotel Investments p.l.c. shall meet on Thursday, 9th April 2009 to approve the Financial Statements for year ended 31st December 2008.
Simonds Farsons Cisk p.l.c. depreciated the most, recording a loss of €0.14 per share. Closing price settled at €1.75 through the exchange of one trade being exchanged by 366 shares.
On Thursday 2nd April MaltaPost p.l.c. announced that Mr Mohammed Ibrahim Hussain Marafie disposed some of the shares on the Malta Stock Exchange on 26th March 2009. The shareholding in MaltaPost p.l.c. has fallen below the 5% threshold. Furthermore, Al Nour International Holding Co KSCC holds a total of 1,484,915 shares of MaltaPost plc representing 5.09758% of the equity capital of the company.
Middlesea Insurance p.l.c. announced on Tuesday 7th April that the Board of Directors shall meet on Monday 27th April to consider and approve the Company’s Audited Financial Statements for the financial year ended 31st December 2008. Furthermore, they shall consider the declaration of a final dividend to be recommended to the Company’s Annual General Meeting.
In the fixed interest market, a total of €442,543 (Twenty-One deals) was transacted in Government Bonds. Meanwhile, a total of €32,130 (Eight deals) was transacted in Corporate Bonds.


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08 April 2009

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