Issue link: https://maltatoday.uberflip.com/i/602829
maltatoday, WEDNESDAY, 18 NOVEMBER 2015 12 Business Today Regular market closed – 17/11/2015 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ▼ BOV 39,432 92,198.260 11 2.340 2.320 2.340 2.320 -0.030 ▼ FIM 12,000 5,400.000 1 0.450 0.450 0.450 0.450 -0.005 ▼ GO 1,000 3,146.640 2 3.150 3.080 3.150 3.080 -0.070 ▼ HSB 6,917 12,836.040 4 1.860 1.850 1.860 1.850 -0.029 ▲ IHI 64,706 54,266.430 9 0.846 0.810 0.810 0.846 0.036 ▼ MDS 16,000 34,304.620 3 2.149 2.140 2.140 2.149 -0.001 ● MIA 3,500 14,000.000 2 4.000 4.000 4.000 4.000 0.000 ● MLT 5,000 4,600.000 1 0.920 0.920 0.920 0.920 0.000 ▼ MMS 4,902 11,213.800 4 2.290 2.280 2.280 2.290 -0.010 ▲ RS2 16,625 47,674.250 9 2.890 2.850 2.850 2.890 0.040 ▼ G16B 139,763 146,471.620 2 104.800 104.800 104.800 104.800 -0.100 ▼ G17C 20,000 21,664.000 1 108.320 108.320 108.320 108.320 -0.020 ▲ G20ED 10,000 10,755.000 1 107.550 107.550 107.550 107.550 0.710 ▲ G21A 8,542 10,618.560 1 124.310 124.310 124.310 124.310 0.010 ● G22B 5,000 6,094.500 1 121.890 121.890 121.890 121.890 0.000 ▲ G28B 33,000 43,289.400 2 131.180 131.180 131.180 131.180 0.100 ▲ G29B 70,000 73,535.000 3 105.140 105.000 105.000 105.140 0.070 ▲ G29BA 303,000 318,504.200 18 105.140 105.000 105.000 105.140 0.140 ▲ G30A 113,000 159,895.000 3 141.500 141.500 141.500 141.500 0.130 ▲ G31A 5,000 7,098.500 1 141.970 141.970 141.970 141.970 0.460 ▲ G32B 10,000 13,228.000 1 132.280 132.280 132.280 132.280 0.460 ▲ G33A 27,200 35,444.320 3 130.310 130.310 130.310 130.310 0.130 ▲ G34A 150,000 190,935.000 1 127.290 127.290 127.290 127.290 0.130 ▲ G40A 73,300 79,556.100 8 108.550 108.500 108.500 108.550 0.150 ▼ BV18A 7,000 7,350.700 1 105.010 105.010 105.010 105.010 -1.990 ▼ BV19B 5,000 5,170.300 2 103.500 103.030 103.500 103.030 -2.220 ● GC16A 11,000 10,560.000 1 96.000 96.000 96.000 96.000 0.000 ▼ HM24A 13,800 14,904.000 2 108.000 108.000 108.000 108.000 -1.000 ● HP25A 31,400 33,914.700 9 108.010 108.000 108.000 108.010 0.000 ● IG24A 24,800 27,995.000 4 113.500 111.000 111.000 113.500 0.000 ● IH21A 3,800 4,123.760 1 108.520 108.520 108.520 108.520 0.000 ▲ IH25A 13,200 14,712.450 7 111.500 111.000 111.450 111.500 0.500 ● MD18A 10,000 10,577.000 1 105.770 105.770 105.770 105.770 0.000 ● MI17A 10,000 10,050.000 1 100.500 100.500 100.500 100.500 0.000 ● MI21A 2,000 2,010.000 1 100.500 100.500 100.500 100.500 0.000 ▲ MO19A 3,500 3,686.000 2 106.000 105.000 105.000 106.000 1.000 ▲ PT24A 12,400 13,746.000 2 110.940 110.500 110.500 110.940 2.940 ▲ TI24A 14,800 16,222.280 1 109.610 109.610 109.610 109.610 0.090 Market Summary as at November 17, 2015 Equity Offi cial List Session State ................................................................... Market Closed Number of trades ............................................................. 127 Volume Traded ................................................................. 1,300,587 Value of € denominated securities .................................... 1,566,351.430 Value of US$ denominated securities ................................ 5,400.000 Value of GBP£ denominated securities .............................. 0.000 Current Index ................................................................... 4,429.729 Previous Index ................................................................. 4,436.979 Change in Index (%) ......................................................... -0.163% 6pm Holdings plc ......................... 0.650 0.00% Malta International Airport plc ....... 4.000 0.00% Bank of Valletta plc ....................... 2.320 -1.28% MaltaPost plc ................................. 1.990 0.00% FIMBank plc ................................. 0.450 -1.10% Medserv plc .................................. 2.149 -0.05% GlobalCapital plc .......................... 0.750 0.00% Mapfre Middlesea plc .................... 2.290 -0.43% GO plc .......................................... 3.080 -2.22% MIDI plc ........................................ 0.350 0.00% Grand Harbour Marina plc ............. 1.040 0.00% Plaza Centres plc ........................... 0.970 0.00% HSBC Bank Malta plc ..................... 1.850 -1.54% RS2 Software plc ........................... 2.890 1.40% International Hotel Investments plc 0.846 4.44% Simonds Farsons Cisk plc ............... 6.000 0.00% Island Hotels Group Holdings plc ... 1.101 0.00% Tigné Mall plc ............................... 0.960 0.00% Lombard Bank Malta plc 2 ............. .280 0.00% Pefaco International plc ................ 2.190 0.00% Malita Investments plc .................. 0.920 0.00% Santumas Shareholdings plc ........ 2.000 0.00% MSE Index Marriott International has agreed to buy Starwood Hotels & Resorts Worldwide for $12.2bn (£8bn), in a move that will create the world's largest hotels chain with 1.1 million rooms. In one of the largest merger deals the hospitality sector has seen, the agreement would create a powerhouse that operates or franchises more than 5,500 hotels. Under the terms of the deal, shareholders in Connecticut- based Starwood would receive 0.92 shares of Maryland-headquartered Marriott, and $2 in cash for each share of their common stock. It would give Starwood shareholders around 37 per cent of the combined company. "This is an opportunity to create value by combining the distribution and strengths of Marriott and Starwood, enhancing our competitiveness in a quickly evolving marketplace," said Arne Sorenson, the chief executive of Marriott, who will lead the combined group. "This greater scale should offer a wider choice of brands to consumers." Marriott operates 63 hotels in the UK, with its global brands including Ritz-Carlton and Bulgari. Starwood, which is behind the W Hotels and Le Méridien brands, has 11 hotels in Britain. The deal comes some seven months after Starwood said its board was exploring a sale of the business. A number of hotel companies are also facing growing competition from newer, internet-based rivals such as Airbnb. Bruce Duncan, chairman of the board at Starwood, said yesterday that it "spoke to a wide range of interested parties". Last month, the Chicago- headquartered Hyatt Hotels Corporation was linked with a takeover, and there was also speculation about a tie-up with InterContinental Hotels Group. However, Mr Duncan hailed the "undeniable logic" of the Marriott tie-up. It will see Starwood's lifestyle brands and international footprint, which includes a number of hotels in Asia, merge with Marriott's presence in the luxury sector. EY Malta inau- gurated its new- ly refurbished offices in Msi- da. The Work- place of the Future project, followed guide- lines set out by EY Global of- fices and brings a complete overhaul to the 'traditional of- fice' space. Designed to encourage flexibility, collaboration and a better environment for the existing 200+ workforce, the office combines sleek aesthetics, cutting-edge technology and strategically developed workspaces to deliver EY's people a trust-based, output- oriented culture that enables flexibility and high-performance teaming in today's 24/7 working world. Joseph Muscat, Prime Minister of Malta said, "EY is a success story which should serve as a model to many companies who start up business in Malta. The steady growth of EY in the past 15 years is also a tribute to the expansion of the financial services sector. Malta remains a top- ranking financial services jurisdiction, backed by strong and sound financial institutions. "It gives me great pleasure to join you in celebrating the extension of the Managed Services hub, which is taking on 50 new employees. This shows that those companies which take calculated risks and branch out to new markets can succeed." Ronald Attard, Country Managing Partner, EY Malta said 'EY was born in the year 2000 and since then we have all worked hard to secure the firm's place in the big four firmament. "Now as the firm grows both in terms of revenues and staff complement, so does the need for more space, which is what brings us here tonight. Along with the architects who I thank for their work, we set out to create a contemporary workplace which is analogous to a city where one finds areas where to chat, relax, eat, learn and work together comfortably," concluded Attard. Prof Joe V Bannister, Chairman, Malta Financial Services Authority stated the importance of service providers – accountancy firms, law firms and others as they continue to give a high quality service to the industry. The event was held at the EY Malta offices in Achille Ferris Street, Msida on the 16 November 2015. Money Market Report for the week ending November 13, 2015 ECB Monetary Operations On Monday, November 9, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, November 10, and attracted bids from euro area eligible counterparties of €62.53 billion, €1.06 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 Thursday, November 12, the ECB conducted a six-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation attracted bids of $0.15 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 91-day bills maturing on December 10, 2015, and February 11, 2016, respectively. Bids of €17.00 million were submitted for the 28-day bills, with the Treasury accepting €6.30 million, while bids of €56.00 million were also submitted for the 91-day bills, with the Treasury accepting €22.00 million. Since €15.60 million worth of bills matured during the week, the outstanding balance of Treasury bills increased by €12.70 million, to stand at €199.25 million. The yield from the 28-day bill auction was -0.030%, down by 1.0 basis point from bids with a similar tenor issued on October 29, 2015, representing a bid price of 100.0023 per 100 nominal. The yield from the 91-day bill auction was -0.040%, down by 4.0 basis points from bids with a similar tenor issued on October 1, 2015, representing a bid price of 100.0101 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 and 91-day bills maturing on December 17, 2015, and February 18, 2016, respectively. Marriott International buys Starwood Hotels in $12bn deal EY Malta inaugurates newly refurbished offi ces in Msida