MSE | Wednesday, 10 June 2009

GlobalCapital Financial Management Ltd - Malta Stock Exchange Review

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

Yesterday, all traded equities apart from Lombard Bank Malta p.l.c. and HSBC Bank Malta p.l.c. recorded a positive movement over the closing price of the previous day. The Malta Stock Exchange index finished 0.20% or 6.12 points higher at 3067.81 points.
On the banking front, the shares of Bank of Valletta p.l.c. sparkled again. For the seventh consecutive time, the shares managed to gain. During the session, the price shifted in a very tight range of €2.55 to €2.58 to settle at the €2.58 level, up €3c0. The turnover was the second highest as 18,240 shares were swapped across eighteen trades and carried a market value of €46,815.50. Week on week the share price registered a satisfactory 7.46% gain from its closing price of €2.401 on Tuesday 2nd June.
The most liquid stock of the day was FIMBank p.l.c. A strong volume of 153,000 shares caused the price to increase by US$0c3 to read US$1.288. At the end of trading, bids for 680 shares stood at €1.25, whereas the best offer for 4,706 shares stood at €1.29.
Remaining on the banking sector, the shares of HSBC Bank Malta p.l.c. witnessed a relatively quiet day. The lowest traded price during the session was €2.58, whereas the highest traded price of the day was €2.581. At market close, the share price maintained its previous session price at €2.581 after 7,372 shares worth €19,020.63 were swapped in six transactions. The total turnover of the week amounted to 61,672 shares and changed hands across thirty-six deals.
The sole loser of the day was Lombard Bank p.l.c. A total of 1,100 shares decreased the price by €5c0 to close at €2.65. At market close, best unsatisfied bids stood at €2.50 for 3,442 shares against best offers of 900 shares at €2.65.
The shares of GlobalCapital p.l.c. were back in action. On a handful of trades which totalled to 100 shares, the share price climbed €5c0 to settle at the €1.55 level. These shares were swapped in one transaction.
On the telecommunications front, GO p.l.c. was another stock which made some headway. This equity managed to stay above water and traded €0c9 higher at €1.729 across 3,300 shares. Week on week the share price lost 0.63% from its closing price of €1.74 on Tuesday 2nd June.
In the fixed interest market, a total of €42,287 (seven deals) were transacted in Government Bonds. Meanwhile, a total of €121,166 (nineteen deals) were transacted in Corporate Bonds.
The turnover value in the Treasury Bill market amounted to €92,790 across two deals.

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 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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10 June 2009

Malta Today


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