Issue link: https://maltatoday.uberflip.com/i/561386
maltatoday, WEDNESDAY, 26 AUGUST 2015 12 Business Today Regular market closed – 18/08/2015 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change t 6PM 2,587 1,886.770 2 0.730 0.710 0.730 0.710 -0.025 t BOV 47,732 107,427.040 19 2.261 2.245 2.261 2.250 -0.005 t GO 4,150 14,577.500 5 3.549 3.495 3.520 3.549 -0.011 t HSB 2,470 4,326.500 2 1.752 1.750 1.752 1.750 -0.004 l LOM 2,730 5,733.000 1 2.100 2.100 2.100 2.100 0.000 l MDS 10,764 25,510.680 2 2.370 2.370 2.370 2.370 0.000 l MIA 29,671 115,064.900 15 3.900 3.850 3.890 3.900 0.000 l MLT 7,130 6,673.680 2 0.936 0.936 0.936 0.936 0.000 s PZC 6,500 6,625.000 2 1.050 1.010 1.050 1.010 0.010 t RS2 3,300 7,572.250 4 2.295 2.290 2.290 2.295 -0.005 s TML 2,175 2,022.750 1 0.930 0.930 0.930 0.930 0.050 t G19C 8,700 9,545.640 1 109.720 109.720 109.720 109.720 -0.540 t G21A 7,000 8,612.800 3 123.040 123.040 123.040 123.040 -0.740 t G22B 20,800 24,999.520 2 120.190 120.190 120.190 120.190 -0.190 t G28B 6,000 7,684.200 1 128.070 128.070 128.070 128.070 -0.700 t G29B 100,000 102,430.000 2 102.430 102.430 102.430 102.430 -2.070 t G31A 11,500 15,989.600 2 139.040 139.040 139.040 139.040 -0.560 t G32A 20,000 26,472.000 2 132.360 132.360 132.360 132.360 -1.440 t G32B 6,000 7,779.000 1 129.650 129.650 129.650 129.650 -0.530 t G33A 5,000 6,406.500 1 128.130 128.130 128.130 128.130 -0.510 t G34A 9,000 11,364.300 1 126.270 126.270 126.270 126.270 -0.500 l G40A 160,300 172,492.250 8 108.000 107.100 108.000 108.000 0.000 t 6PM25 391,000 425,422.000 7 109.000 108.800 109.000 108.800 -0.200 l AX24A 7,000 7,910.700 1 113.010 113.010 113.010 113.010 0.000 s GF21A 43,500 46,658.100 1 107.260 107.260 107.260 107.260 0.200 l HB17A 670 700.150 1 104.500 104.500 104.500 104.500 0.000 l MI17A 1,000 1,015.000 1 101.500 101.500 101.500 101.500 0.000 l MI20A 152,100 161,226.000 3 106.000 106.000 106.000 106.000 0.000 l MI21A 79,800 80,518.200 4 100.900 100.900 100.900 100.900 0.000 l PG20A 5,000 5,530.000 1 110.600 110.600 110.600 110.600 0.000 l PG22A 9,400 10,481.200 3 111.520 111.500 111.520 111.500 0.000 Market Summary as at August 25, 2015 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 101 Volume Traded ................................................................. 1,162,979 Value of € denominated securities .................................... 1,428,770.460 Value of US$ denominated securities ................................ 0.000 Value of GBP£ denominated securities .............................. 1,886.770 Current Index ................................................................... 4,198.453 Previous Index ................................................................. 4,201.197 Change in Index (%) ......................................................... -0.065% 6pm Holdings plc ......................... 0.735 0.00% Malta International Airport plc ....... 3.900 0.00% Bank of Valletta plc ....................... 2.255 -0.62% MaltaPost plc ................................ 1.636 0.37% FIMBank plc ................................. 0.450 0.00% Medserv plc .................................. 2.370 0.00% GlobalCapital plc .......................... 0.800 0.00% Mapfre Middlesea plc .................... 2.250 0.00% GO plc .......................................... 3.560 -0.28% MIDI plc ........................................ 0.350 0.00% Grand Harbour Marina plc ............. 0.945 0.00% Plaza Centres plc ........................... 1.000 3.09% HSBC Bank Malta plc ..................... 1.754 0.23% RS2 Software plc ........................... 2.300 0.00% International Hotel Investments plc 0.776 0.00% Simonds Farsons Cisk plc .............. 5.500 3.97% Island Hotels Group Holdings plc .. 1.101 0.00% Tigné Mall plc ............................... 0.880 -1.12% 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 ........ 2.000 0.00% MSE Index Europe shares open higher despite further massive falls in China Shares in London and elsewhere in Europe rebounded at the start of trading yesterday, despite another night of steep falls for the Chinese stock market. The FTSE 100 rose 1.6% to 5,994.11, while Germany's Dax and Paris Cac were both up about 1.4%. The gains came after Chinese stocks continued their run of big losses. The main Shanghai Composite index closed down 7.6% at 2,964.97 points. Japan also saw more sharp falls and Tokyo's Nikkei index was 4% lower. The global sell-off is being driven by fears that China's slowing growth means less business for everyone else. China's booming economy of the last 30 years has seen the country suck in supplies of raw materials for manufacturing and, increasingly, manufactured and luxury goods from other countries. After decades of rapid growth, China is running out of steam. Investors globally are worried that firms and countries that rely on high demand from China – the world's second-largest economy and the second-largest importer of both goods and commercial services – will be affected. But although the slowdown in the Chinese economy will have a bearing on Chinese firms' profitability, many view the stock market as grossly inflated. The main Shanghai index more than doubled in the 12 months up to mid-June. Weak manufacturing figures from China prompted a massive fall in shares on Friday, which was followed by another, the biggest in eight years on Monday, triggering a mass sell-off across the globe. Capital Economics said investors had been "overreacting about economic risks in China", arguing that "the collapse of the equity bubble tells us next to nothing about the state of China's economy". The government, which has both money and the power to influence what are not free markets, has taken steps to lower the value of the yuan in order to boost demand for Chinese goods overseas. It has also intervened in the stock market to support values. Although very few Chinese people own shares – only about 2% of the population – they are extremely active on its stock market. They are responsible for the majority of daily turnover and the government is trying to ameliorate the impact of the trading rout on those individuals. Many bought shares with borrowed money, and as those investors fall in value, they are now selling investments to pay back. Oil rallies but still near six-year lows Oil bounced back from heavy losses on Tuesday but global oversupply and worries over the severity of the econom- ic slowdown in China, the world's top commodity con- sumer, kept prices near 6½- year lows. European equity markets recovered on Tuesday but Chinese stock markets closed down more than 7 percent, with panic selling intensifying after the flagship Shanghai Composite Index SSEC crashed through key support at 3,000 points. U.S. crude CLc1, also known at West Texas Intermediate or WTI, was up 65 cents at $38.89 a barrel by 0840 GMT (0440 EDT), while Brent LCOc1 was up 60 cents at $43.29. "It all depends on the European stock market," Commerzbank oil analyst Carsten Fritsch told Reuters Global Oil Forum. "If stocks fall further, oil will follow suit." Oil prices dropped to their lowest since early 2009 on Monday and many analysts think market fundamentals will keep prices low, despite Tuesday's slight uplift. "China's economy continues to slow and the (US) Fed may still hike rates before the end of the year. That puts further cracks into the two main growth pillars for the world economy of recent years: Chinese demand (including commodities) and easy money," HSBC's co-head of Asian Economics Research Frederic Neumann said. But he said a re-run of Asia's financial crisis in the late 1990s was unlikely. Daniel Ang at Singapore's Phillip Futures said the rebound for oil could be temporary: "Both WTI and Brent look like they are on their way to 2008 levels where prices hit a low of $32.4 and $36.2," Ang said. Shipping sources said a slowdown in demand was becoming visible in tanker traffic, where the number of very large crude carriers (VLCCs) fixed to arrive in Asia fell from 105 in June to 94 in July and 83 this month.