Issue link: https://maltatoday.uberflip.com/i/582103
maltatoday, WEDNESDAY, 7 OctObEr 2015 12 Business Today Regular market closed – 6/10/2015 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change t BOV 22,057 52,140.320 10 2.390 2.350 2.390 2.350 -0.040 t FIM 27,800 12,863.000 2 0.465 0.460 0.465 0.460 -0.035 s HSB 9,400 17,014.000 5 1.810 1.810 1.810 1.810 0.010 l IHI 2,240 1,785.800 2 0.800 0.795 0.795 0.800 0.000 s LOM 40,000 87,234.240 6 2.200 2.170 2.170 2.180 0.020 t MIA 8,289 31,781.320 4 3.880 3.800 3.880 3.830 -0.021 s MMS 2,650 5,599.450 1 2.113 2.113 2.113 2.113 0.002 s MTP 2,776 4,858.000 1 1.750 1.750 1.750 1.750 0.050 t RS2 8,000 20,000.000 3 2.500 2.500 2.500 2.500 -0.010 s SFC 2,735 15,862.000 4 5.800 5.799 5.800 5.800 0.049 t G16B 2,300 2,424.200 1 105.400 105.400 105.400 105.400 -0.020 t G17C 16,300 17,718.100 1 108.700 108.700 108.700 108.700 -0.020 t G19A 4,348 5,390.650 1 123.980 123.980 123.980 123.980 -0.080 t G19C 50,000 55,085.000 2 110.170 110.170 110.170 110.170 -0.070 t G22B 10,000 12,126.000 1 121.260 121.260 121.260 121.260 -0.370 t G24A 4,500 5,219.550 1 115.990 115.990 115.990 115.990 -0.440 t G28B 30,000 38,847.000 3 129.490 129.490 129.490 129.490 -0.780 t G30A 2,000 2,790.800 1 139.540 139.540 139.540 139.540 -0.930 t G31A 26,300 36,848.930 2 140.110 140.110 140.110 140.110 -0.900 t G32A 27,500 36,660.250 3 133.310 133.310 133.310 133.310 -0.820 t G32B 101,000 131,885.800 2 130.580 130.580 130.580 130.580 -0.800 t G33A 50,000 64,535.000 1 129.070 129.070 129.070 129.070 -0.840 t G34A 7,000 8,859.900 2 126.570 126.570 126.570 126.570 -0.890 t G40A 98,500 105,857.950 11 107.470 107.470 107.470 107.470 -0.960 l 6PM25 62,600 68,234.000 1 109.000 109.000 109.000 109.000 0.000 l BV18A 1,600 1,684.320 1 105.270 105.270 105.270 105.270 0.000 t BV19B 3,000 3,135.000 1 104.500 104.500 104.500 104.500 -0.750 l CF19A 2,000 2,080.000 1 104.000 104.000 104.000 104.000 0.000 t GC16A 1,000 959.500 1 95.950 95.950 95.950 95.950 -0.050 t IG19A 1,700 1,780.750 1 104.750 104.750 104.750 104.750 -1.250 t IH20A 5,000 5,202.500 1 104.050 104.050 104.050 104.050 -1.150 t MI17A 2,800 2,800.000 3 100.000 100.000 100.000 100.000 -0.500 Market Summary as at October 6, 2015 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 80 Volume Traded ................................................................. 635,395 Value of € denominated securities .................................... 846,400.330 Value of US$ denominated securities ................................ 12,863.000 Value of GBP£ denominated securities .............................. 0.000 Current Index ................................................................... 4,308.385 Previous Index ................................................................. 4,329.014 Change in Index (%) ......................................................... -0.477% 6pm Holdings plc .......................... 0.700 0.00% Malta International Airport plc ....... 3.830 -0.55% Bank of Valletta plc ....................... 2.350 -1.67% MaltaPost plc ................................ 1.750 2.94% FIMBank plc .................................. 0.460 -7.07% Medserv plc .................................. 3.095 0.00% GlobalCapital plc .......................... 0.800 0.00% Mapfre Middlesea plc .................... 2.113 0.09% GO plc .......................................... 3.450 0.00% MIDI plc ........................................ 0.360 0.00% Grand Harbour Marina plc ............. 1.000 0.00% Plaza Centres plc ........................... 0.980 0.00% HSBC Bank Malta plc ..................... 1.810 0.56% RS2 Software plc ........................... 2.500 -0.40% International Hotel Investments plc 0.800 0.00% Simonds Farsons Cisk plc ............... 5.800 0.85% Island Hotels Group Holdings plc .. 1.101 0.00% Tigné Mall plc ................................ 0.910 0.00% Lombard Bank Malta plc ............... 2.180 0.93% Pefaco International plc ................ 2.190 0.00% Malita Investments plc .................. 0.880 0.00% Santumas Shareholdings plc ........ 2.000 0.00% MSE Index Money Market Report for the week ending October 2, 2015 ECB Monetary Operations On Monday, September 28, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, September 29, and attracted bids from euro area eligible counterparties of €72.55 billion, €1.47 billion higher than the bid amount of the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of 0.05%, in accordance with current ECB policy. On Wednesday, September 30, the ECB conducted a three-month, longer-term refinancing operation to be settled as a fixed rate tender procedure with full allotment, with the rate fixed at the average rate of the MROs over the life of the operation. The auction attracted bids of €11.84 billion from euro area eligible counterparties, which amount was allotted in full in accordance with current ECB policy. Also on Wednesday, September 30, the ECB conducted a seven-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation attracted bids of $0.14 billion, which was allotted in full at a fixed rate of 0.64%. Domestic Treasury Bill Market In the domestic primary market for Treasury bills, the Treasury invited tenders for 28-day and 91-day bills maturing on October 29 and December 31, 2015, respectively. Bids of €19.00 million were submitted for the 28-day bills, with the Treasury accepting €4.00 million, while bids of €19.00 million were also submitted for the 91-day bills, with the Treasury accepting €15.50 million. Since €5.00 million worth of bills matured during the week, the outstanding balance of Treasury bills increased by €14.50 million, to stand at €267.10 million. The yield from the 28-day bill auction was 0.000%, down by 1.0 basis point from bids with a similar tenor issued on February 20, 2015, representing a bid price of 100.0000 per 100 nominal. The yield from the 91-day bill auction was 0.000%, up by 0.1 basis point from bids with a similar tenor issued on September 25, 2015, representing a bid price of 100.0000 per 100 nominal. During the week under review, there was no trading on the Malta Stock Exchange. On Tuesday the Treasury invited tenders for 28-day bills maturing on November 5, 2015. EIP buys GlobalCapital shares from Aberdeen Following the termination of the suspension of listing and trading of Global Capital p.l.c. (the Company) securities announced on the 24 Sep- tember 2015 by the Malta Financial Services Authority (MFSA), the Company has today announced on the Malta Stock Exchange that one of its shareholders - Aberdeen – had completed a transaction on the Malta Stock Exchange of its entire shareholding in GlobalCapital to EIP p.l.c. As a result of this transaction, EIP p.l.c. now holds 8.93% shareholding in GlobalCapital p.l.c. EIP p.l.c. is owned by Prof Paolo Catalfamo, who has a long career in asset management and private banking. During the first meeting of the Board of Directors held after the Annual General Meeting of the Company, Prof Paolo Catalfamo was appointed Chairman of GlobalCapital p.l.c. The new GlobalCapital Board of Directors elected by the Annual General Meeting is composed of Professor Paolo Catalfamo (Chairman), Joseph del Raso, Luigi LaFerla, Professor Andrea Gemma, Christopher J. Pace, Joseph Schembri and Reuben Zammit (Executive Director and serving Chief Executive Officer). EIP p.l.c. will support a capital increase for GlobalCapital p.l.c. As explained in updates that the Company issued earlier this year to maintain a fair market, EIP p.l.c. had informed the Company of its intent to accomplish two strategic objectives: to acquire a shareholding in GlobalCapital p.l.c. and to support the Company in any capital increases which the Company intends to make, up to the sum of €15,000,000. The transaction completed today between Aberdeen and EIP p.l.c. fulfils the first objective while the second objective, that of a capital increase for the Company, is being addressed by the new Board of Directors chaired by Prof Catalfamo. GlobalCapital Chairman Prof Paolo Catalfamo expressed his satisfaction that the transaction between EIP p.l.c. and Aberdeen was completed successfully. "This transaction represents the first important step towards implementing our vision for GlobalCapital. The Board of Directors is now focused on our second important step, that of ensuring adequate capital for the Company. "We are committed to place GlobalCapital on strong and sustainable long-term financial pillars. We are very pleased with the results of the aggressive transformation strategy implemented by the CEO together with the management team and we are equally pleased to note that GlobalCapital has returned to profit territory for the first time in the last seven years. We are very exited about the future of the Company," added Prof Catalfamo. MFSA lifts suspension of listing and trading in GlobalCapital securities In an announcement published on the Malta Stock Exchange on 24 September 2015, the Listing Authority said that it considered the publication of the Company's approved Annual Financial Statements for the year ending 31 December 2014, the Interim Directors Report for the period ended 30 June 2015 and the Company's announcement updating the market on the position of the shareholding of BAI Co. (Mtius.) Limited in the Company. Following this review, the Listing Authority expressed its opinion that sufficient information has been made public by the Company for trading in GlobalCapital securities to be resumed with effect from Friday 25 September 2015. The Authority also declared a termination of the suspension of listing and trading in the Company's securities. Profit trend sustained through the first six months of 2015 Earlier this year, GlobalCapital p.l.c. reported that a positive trend that started for the Company in the second half of 2014 has been sustained throughout the first six months of 2015 as the Group's operations remained in positive territory for two consecutive reporting periods covering twelve months. The Company's interim report for the first six months of 2015 had announced a profit before taxation of €1,176,197 compared to a loss of €966,897 for the same period in 2014. The Group had also announced a profit after taxation of €222,671 for the financial year ending in 2014, marking the Group's return to profit territory for the first time in the last seven years. The Group's profit for the first half of 2015 represents earnings per share of 3c7 compared to a loss per share of 7c8 for the January – June 2014 period. The Group's encouraging financial turnaround comes as a result of an aggressive transformation strategy that kicked off in the second six months of 2014 by a new management team led by CEO Reuben Zammit. GlobalCapital Financial Management Limited is licensed to provide investments service in Malta by the Malta Financial Services Authority (MFSA). GlobalCapital Insurance Brokers Limited carries on business of insurance broking and is regulated by the MFSA. GlobalCapital Life Insurance Limited is authorised to transact Long Term Insurance Business and is regulated by the MFSA. GlobalCapital Health Insurance Agency Limited acts as an insurance agent and is regulated by the MFSA. Registered address: Testaferrata Street, Ta' Xbiex XBX1403, Malta