Issue link: https://maltatoday.uberflip.com/i/592425
maltatoday, WEDNESDAY, 28 OCTOBER 2015 12 Business Today Regular market closed – 27/10/2015 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ▲ BOV 59,050 141,649.820 12 2.400 2.392 2.392 2.400 0.010 ▲ HSB 23,894 43,145.450 9 1.820 1.800 1.801 1.820 0.019 ▲ MDS 1,000 3,150.260 2 3.151 3.150 3.151 3.150 0.055 ▲ MIA 9,345 35,957.720 7 3.850 3.821 3.821 3.850 0.029 ▼ MLT 10,000 9,200.000 1 0.920 0.920 0.920 0.920 -0.015 ▲ SFC 2,000 12,100.000 1 6.050 6.050 6.050 6.050 0.050 ▲ G20A 60,000 73,092.000 1 121.820 121.820 121.820 121.820 0.320 ● G20B 141,500 168,746.000 4 120.000 118.760 120.000 118.760 0.000 ▼ G22B 10,000 12,217.000 1 122.170 122.170 122.170 122.170 -0.030 ▲ G23A 2,771 3,691.250 1 133.210 133.210 133.210 133.210 0.980 ▲ G29B 174,000 183,379.800 7 105.480 105.000 105.000 105.430 0.060 ▲ G29BA 1,189,000 1,253,706.000 11 105.500 105.430 105.500 105.430 0.010 ▲ G30A 43,400 61,693.100 3 142.150 142.150 142.150 142.150 0.040 ▼ G32B 532,000 708,677.200 2 133.210 133.210 133.210 133.210 -0.040 ▲ G33A 45,400 59,682.840 1 131.460 131.460 131.460 131.460 0.020 ▲ G40A 73,400 80,592.740 7 109.810 109.760 109.810 109.760 0.010 ▲ BV18A 12,500 13,375.000 2 107.000 107.000 107.000 107.000 0.500 ▲ GC16A 16,500 15,699.000 2 95.600 95.100 95.600 95.100 0.100 ▲ HM24A 1,700 1,853.000 1 109.000 109.000 109.000 109.000 1.000 ▼ HP25A 45,000 48,065.500 13 107.000 106.500 107.000 106.750 -0.250 ● MB24A 33,000 35,475.000 1 107.500 107.500 107.500 107.500 0.000 ▲ MD18B 2,000 2,111.200 2 105.560 105.560 105.560 105.560 0.050 ▼ MO19A 900 927.000 1 103.000 103.000 103.000 103.000 -3.500 ● MS23A 1,500 1,664.250 1 110.950 110.950 110.950 110.950 0.000 Market Summary as at October 27, 2015 Equity Offi cial List Session State ................................................................... Market Closed Number of trades ............................................................. 93 Volume Traded ................................................................. 2,489,860 Value of € denominated securities .................................... 2,967,739.930 Value of US$ denominated securities ................................ 0.000 Value of GBP£ denominated securities .............................. 2,111.200 Current Index ................................................................... 4,338.653 Previous Index ................................................................. 4,329.044 Change in Index (%) ......................................................... 0.222% 6pm Holdings plc ......................... 0.650 0.00% Malta International Airport plc ....... 3.850 0.76% Bank of Valletta plc ....................... 2.400 0.42% MaltaPost plc ................................. 1.820 0.00% FIMBank plc ................................. 0.430 0.00% Medserv plc .................................. 3.150 1.78% GlobalCapital plc ........................... 0.750 0.00% Mapfre Middlesea plc .................... 2.201 0.00% GO plc .......................................... 3.300 0.00% MIDI plc ........................................ 0.360 0.00% Grand Harbour Marina plc ............. 1.000 0.00% Plaza Centres plc ........................... 1.000 0.00% HSBC Bank Malta plc ..................... 1.820 1.05% RS2 Software plc ........................... 2.490 0.00% International Hotel Investments plc 0.776 0.00% Simonds Farsons Cisk plc .............. 6.050 0.83% Island Hotels Group Holdings plc .. 1.101 0.00% Tigné Mall plc ............................... 0.950 0.00% Lombard Bank Malta plc ................ 2.250 0.00% Pefaco International plc ................ 2.190 0.00% Malita Investments plc .................. 0.920 -1.60% Santumas Shareholdings plc ........ 2.000 0.00% MSE Index Oil giant BP has reported a fall in profi ts due to lower oil and gas prices Replacement cost profi t between July and September was $1.23 billion, compared with $2.38 billion a year earlier. Total revenue was $55.9 bil- lion against $94.8 billion a year ago. The oil price dipped below $50 a barrel in the quarter, while it was above $100 for much of the same period last year. Prices have dropped due to oversupply and weaker demand. On an underlying basis, profit for the third quarter was $1.8 billion, down from $3 billion a year earlier but higher than analysts' estimates of $1.2 billion. BP's share price rose 1.8% in early trading, reflecting these higher-than-expected earnings. Replacement cost profit is a standard measure used in the oil industry that takes into account the price of oil. Reflecting the tougher environment across the industry, the company's capital expenditure for the period fell to $4.3 billion, down from $5.3 billion. BP continued to rein in spending estimates for 2015, which it now expects to be about $19 billion compared with the $24 billion -$26 billion forecast a year ago. The company also announced that the total cost of the Deepwater Horizon oil spill in the Gulf of Mexico in 2010 would reach $55 billion, higher than previous estimates. Earlier this month, the company said it had agreed to pay $20 billion to settle claims in the US. To meet these costs, it is selling off assets, and expects to divest $10 billion this year, with another $3 billion -$5 billion in 2016. BP also said it was maintaining its dividend at 10 cents a share. Money Market Report for the week ending October 23, 2015 ECB decisions On Thursday, October 22, the Governing Council of the European Central Bank (ECB) decided that the interest rates on the main refinancing operations (MRO), on the marginal lending facility and on the deposit facility will remain unchanged at 0.05%, 0.30% and -0.20%, respectively. ECB Monetary Operations On Monday, October 19, the ECB announced its weekly MRO. The auction was conducted on Tuesday, October 20, and attracted bids from euro area eligible counterparties of €65.91 billion, €3.61 billion lower 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, October 21, 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 0.63%. Domestic Treasury Bill Market In the domestic primary market for Treasury bills, the Treasury invited tenders for 28-day and 182-day bills maturing on November 19, 2015, and April 21, 2016, respectively. Bids of €23.00 million were submitted for the 28-day bills, with the Treasury accepting €2.00 million, while bids of €38.00 million were also submitted for the 182- day bills, with the Treasury accepting €13.00 million. Since €16.00 million worth of bills matured during the week, the outstanding balance of Treasury bills decreased by €1.00 million, to stand at €199.15 million. The yield from the 28-day bill auction was -0.011%, down by 1.1 basis points from bids with a similar tenor issued on October 15, 2015, representing a bid price of 100.0009 per 100 nominal. The yield from the 182-day bill auction was 0.000%, unchanged from bids with a similar tenor issued on August 28, 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 26, 2015. EC named Best Chain Language School 2015 Maltese-owned multinational EC has been named 'Best Chain Language School' and, for the second year running, EC Malta awarded 'Best Eng- lish Language School - Malta' by Turkey's most prominent study abroad agency associa- tion. Representing over half of Turkey's total outbound language students, UED holds prestigious international awards to recognise schools around the world that are the best at consistently delivering quality, reliable service to students and agents. EC's Executive Chairman Andrew Mangion said, "Receiving these awards is both a great honour and a strong testament to the hard work and dedication of our partners and teams across the globe. "As EC moves into its 25th year, we have been reflecting on our place in the industry and believe our success is due to unwavering focus on delivering an outstanding experience to our students and developing strong, long- term relationships with our partners across the world. We are proud of our Maltese roots and representing our island internationally is truly a privilege." EC adds this most recent award to its many others: in 2011 it was named STM Star Chain School – the most prestigious accolade in the study abroad industry, and in 2009 and 2010 received the Star Innovation Award. EC Malta was also awarded second place for 'Best Environment 2015' (Ryugaku Journal) and the Certificate of Excellence 2015 (EducationStars).