Issue link: https://maltatoday.uberflip.com/i/554768
maltatoday, WEDNESDAY, 12 AUGUST 2015 12 Business Today Regular market closed – 11/08/2015 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ● 6PM 1,300 988.000 2 0.760 0.760 0.760 0.760 0.000 ▲ BOV 58,030 133,269.930 16 2.300 2.290 2.299 2.300 0.001 ▲ GO 68,750 241,676.080 22 3.590 3.490 3.490 3.585 0.085 ▼ HSB 1,000 1,879.000 1 1.879 1.879 1.879 1.879 -0.001 ● MIA 5,200 20,280.000 1 3.900 3.900 3.900 3.900 0.000 ▲ MMS 1,736 3,578.800 2 2.070 2.050 2.050 2.070 0.030 ▼ G15B 42,862 43,252.040 2 100.910 100.910 100.910 100.910 -0.020 ▼ G16A 10,483 10,910.710 3 104.080 104.080 104.080 104.080 -0.020 ▲ G16B 3,495 3,709.590 1 106.140 106.140 106.140 106.140 0.030 ▲ G19E 660,000 731,544.000 1 110.840 110.840 110.840 110.840 0.040 ▲ G21A 49,801 61,688.490 5 123.870 123.870 123.870 123.870 0.110 ▲ G22A 6,989 8,866.940 1 126.870 126.870 126.870 126.870 0.220 ▲ G22B 4,500 5,446.800 1 121.040 121.040 121.040 121.040 0.140 ▲ G28B 73,500 95,094.100 2 129.500 129.370 129.370 129.500 0.600 ▲ G30A 10,000 13,982.000 3 139.820 139.820 139.820 139.820 0.580 ▲ G32A 70,000 93,112.000 3 133.030 133.000 133.000 133.030 0.480 ▲ G32B 180,000 234,519.200 3 130.300 129.780 129.780 130.300 0.470 ▲ G33A 2,000 2,584.800 1 129.240 129.240 129.240 129.240 0.640 ● G34A 16,000 20,305.600 1 126.910 126.910 126.910 126.910 0.000 ▲ G40A 41,500 45,308.220 4 109.580 108.000 108.000 109.580 0.840 ▲ 6PM25 25,500 27,675.000 2 109.000 108.500 109.000 108.500 0.500 ▲ AX24A 8,100 9,195.930 2 113.530 113.530 113.530 113.530 0.010 ▲ CF19A 5,000 5,275.000 1 105.500 105.500 105.500 105.500 0.500 ● MB15A 10,000 10,101.000 2 101.010 101.010 101.010 101.010 0.000 ▲ MD18A 23,000 24,382.300 2 106.010 106.010 106.010 106.010 0.250 ● MF24A 4,000 4,442.800 1 111.070 111.070 111.070 111.070 0.000 ▲ MI20A 136,200 144,372.000 2 106.000 106.000 106.000 106.000 0.490 ● MI21A 50,200 50,702.000 5 101.000 101.000 101.000 101.000 0.000 ▼ PG20A 10,000 11,050.000 1 110.500 110.500 110.500 110.500 -1.550 ▲ TI20A 3,400 3,743.200 2 110.200 110.050 110.050 110.200 0.150 Market Summary as at August 11, 2015 Equity Offi cial List Session State ................................................................... closed Number of trades ............................................................. 95 Volume Traded ................................................................. 1,582,546 Value of € denominated securities .................................... 2,061,947.530 Value of US$ denominated securities ................................ 0.000 Value of GBP£ denominated securities .............................. 988.000 Current Index ................................................................... 4,244.364 Previous Index ................................................................. 4,231.602 Change in Index (%) ......................................................... 0.302% 6pm Holdings plc .......................... 0.760 0.00% Malta International Airport plc ....... 3.900 0.00% Bank of Valletta plc ........................ 2.300 0.04% MaltaPost plc ................................. 1.600 0.00% FIMBank plc .................................. 0.450 0.00% Medserv plc .................................. 2.370 0.00% GlobalCapital plc ........................... 0.800 0.00% Mapfre Middlesea plc .................... 2.070 1.47% GO plc ........................................... 3.585 2.43% MIDI plc ........................................ 0.340 0.00% Grand Harbour Marina plc ............. 0.945 0.00% Plaza Centres plc ........................... 0.950 0.00% HSBC Bank Malta plc ..................... 1.879 -0.05% RS2 Software plc............................ 2.140 0.00% International Hotel Investments plc 0.810 0.00% Simonds Farsons Cisk plc ............... 5.250 0.00% Island Hotels Group Holdings plc ... 1.101 0.00% Tigné Mall plc ................................ 0.880 0.00% Lombard Bank Malta plc ................ 2.100 0.00% Pefaco International plc ................. 2.190 0.00% Malita Investments plc ................... 0.936 0.00% Santumas Shareholdings plc ......... 2.050 0.00% MSE Index Google becomes Alphabet, Berkshire Hathaway buys Precision Castparts Equity markets started the new week with a resilient session on Monday, as all major European in- dexes posted gains above 0.75%, while the FTSE 100 closed fl at on the day. In the US, stocks re- bounded after the negative per- formance of last week, with some major names posting sizable daily gains such as Apple Inc., advanc- ing 3.64%, AT&T Inc. adding 1.61%, and Walt Disney Co. clos- ing 1.51% higher. Warner Buffett's investment company Berkshire Hathaway Inc. was once again in the spotlight as the Omaha-based giant announced another mega acquisition, after agreeing to buy the metal and aviation components maker Precision Castparts Corp. in a deal valued at $37.52 billion. Buffett's firm is expected to pay $235 a share in an all-cash transaction that offers Precision's shareholders a 21% premium over last Friday's closing price. Precision Castparts, which mainly supplies the aerospace industry and competes with the kinds of Boeing Co., Airbus Group SE and, to some extent, General Electric Co., closed last week with a market capitalization of about $26.70 billion and the expectation to generate about $10 billion in sales this year, while maintaining an operating margin of 27%. The deal is said to be two thirds financed by cash in hand, and a third through cash borrowed from banks and the debt markets, and will help Berkshire put some of its excess cash to use. This acquisition, which comes just a month after the finalization of the merger between Kraft and Heinz, which Berkshire acquired last year in combination with private equity firm 3G, along with the already owned BNSF, is deemed to shift the profile of the Omaha- based conglomerate toward the heavy industries sector. Moreover, the latest deal also represents another major step in Buffett's attempt to reshape the firm into a diversified conglomerate, shying away from the insurance and stock picking core business that has characterized Berkshire over the past 50 years. Berkshire's shares closed flat yesterday, after appreciating more than 9.5% over the past 12 months. In contrast, shares in Precision Castparts jumped 19.10%, to $230.92, recovering almost all losses recorded over the last four quarters. Investors were also surprised by the announcement that Google Inc. will undertake a major corporate structure change, creating a holding company that will oversee the various business lines of the firm, which in turn will become independent subsidiaries. The intention of the co-founder and current CEO, Larry Page, is to streamline the tech giant's corporate structure, giving the different units more focus, independence and financing transparency, addressing some of the issues raised by regulators and investors alike. Larry Page is expected to maintain his role as CEO of the newly formed holding company, while co-founder Sergey Brin will be appointed chairman of Alphabet, and Sundar Pichie, currently Google Inc's deputy- CEO, will be appointed CEO of the Google division, which remains the subsidiary generating the bulk of revenues for the group. Google shares, which closed slightly down on Monday, jumped almost 6% in after-hour trading, bringing the share price to $702.79, and adding to the positive momentum surrounding the tech stock. This article was issued by Paolo Zonno, trader/analyst at Calamatta Cuschieri. For more information visit, www.cc.com.mt. The information, views and opinions provided in this article are being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Calamatta Cuschieri & Co. Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.