Issue link: https://maltatoday.uberflip.com/i/606717
maltatoday, WEDNESDAY, 25 NOVEMBER 2015 12 Regular market closed – 24/11/2015 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ● BOV 187,531 423,809.170 34 2.280 2.250 2.260 2.250 0.000 ▲ FIM 110,610 60,398.750 10 0.550 0.526 0.526 0.550 0.025 ● GO 11 34.100 1 3.100 3.100 3.100 3.100 0.000 ▼ HSB 20,945 37,686.000 9 1.810 1.790 1.800 1.790 -0.010 ● IHI 3,500 2,965.000 2 0.849 0.845 0.845 0.849 0.000 ▲ MDI 43,500 14,865.000 3 0.370 0.340 0.340 0.370 0.020 ▼ MIA 8,500 33,957.000 6 4.010 3.990 4.010 3.990 -0.020 ▼ MMS 1,838 4,209.020 2 2.290 2.290 2.290 2.290 -0.005 ▲ MPC 554,621 288,291.470 33 0.600 0.460 0.460 0.600 0.280 ▲ PFC 100 224.000 1 2.240 2.240 2.240 2.240 0.050 ▼ RS2 27,750 83,432.750 6 3.050 3.005 3.050 3.005 -0.010 ▲ G19C 5,000 5,528.000 1 110.560 110.560 110.560 110.560 0.130 ▲ G20A 16,800 20,464.080 1 121.810 121.810 121.810 121.810 0.200 ▼ G28B 20,000 26,466.000 1 132.330 132.330 132.330 132.330 -0.200 ▲ G29BA 658,600 701,602.160 31 106.590 106.490 106.490 106.590 0.280 ● G31A 46,500 66,837.600 3 143.940 143.670 143.670 143.940 0.000 ▼ G32A 50,000 68,463.000 3 137.030 136.770 136.770 137.030 -0.020 ▼ G33A 20,000 26,474.000 1 132.370 132.370 132.370 132.370 -0.030 ▲ G34A 15,000 19,407.000 1 129.380 129.380 129.380 129.380 0.210 ▲ G40A 488,600 539,736.800 32 110.640 110.100 110.100 110.640 0.640 ● 6PM25 43,000 47,119.800 2 109.650 109.560 109.650 109.560 0.000 ▲ CF19A 5,300 5,512.000 1 104.000 104.000 104.000 104.000 0.200 ▲ GC16A 10,000 9,610.000 2 97.000 96.000 96.000 97.000 1.000 ● HP25A 156,200 168,805.140 17 108.300 107.850 108.030 108.100 0.000 ● IG19A 1,500 1,552.500 1 103.500 103.500 103.500 103.500 0.000 ● IH25A 3,500 3,920.000 2 112.000 112.000 112.000 112.000 0.000 ● MI17A 20,000 20,101.900 2 100.510 100.500 100.510 100.500 0.000 ● MI21A 11,000 11,099.000 1 100.900 100.900 100.900 100.900 0.000 ▼ MS23A 2,000 2,220.600 1 111.030 111.030 111.030 111.030 -0.970 ● PG20A 2,200 2,420.000 1 110.000 110.000 110.000 110.000 0.000 ▲ PT24A 5,000 5,405.000 1 108.100 108.100 108.100 108.100 0.100 ● SF20A 800 872.000 1 109.000 109.000 109.000 109.000 0.000 ● TI20A 4,100 4,346.410 1 106.010 106.010 106.010 106.010 0.000 Market Summary as at November 24 , 2015 Equity Offi cial List Session State ................................................................... Market Closed Number of trades ............................................................. 214 Volume Traded ................................................................. 2,544,006 Value of € denominated securities .................................... 2,647,436.500 Value of US$ denominated securities ................................ 60,398.750 Value of GBP£ denominated securities .............................. 0.000 Current Index ................................................................... 4,446.799 Previous Index ................................................................. 4,421.029 Change in Index (%) ......................................................... 0.583% 6pm Holdings plc ......................... 0.680 0.00% MaltaPost plc ................................. 1.990 0.00% Bank of Valletta plc ....................... 2.250 -1.32% Medserv plc .................................. 2.140 0.00% FIMBank plc ................................. 0.525 5.00% Mapfre Middlesea plc .................... 2.295 0.22% GlobalCapital plc ........................... 0.750 0.00% MIDI plc ........................................ 0.350 9.38% GO plc .......................................... 3.100 0.00% Plaza Centres plc ........................... 0.970 0.00% Grand Harbour Marina plc ............. 1.040 0.00% RS2 Software plc ........................... 3.015 1.17% HSBC Bank Malta plc ..................... 1.800 -0.55% Simonds Farsons Cisk plc .............. 6.100 1.67% International Hotel Investments plc 0.849 0.00% Tigné Mall plc ............................... 0.960 0.00% Island Hotels Group Holdings plc ... 1.101 0.00% Pefaco International plc ................ 2.190 0.00% Lombard Bank Malta plc ............... 2.180 0.00% Santumas Shareholdings plc ......... 2.000 0.00% Malita Investments plc ................... 0.930 0.00% Malta Properties Company plc ....... 0.331 0.00% Malta International Airport plc ....... 4.010 -0.99% MSE Index Money Market Report for the week ending November 20, 2015 ECB Monetary Operations On Monday, November 16, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, November 17, and attracted bids from euro area eligible counterparties of €60.53 billion, €2.01 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, November 18, the ECB conducted an eight- 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 91- day bills maturing on December 17, 2015, and February 18, 2016, respectively. Bids of €13.00 million were submitted for the 28-day bills, with the Treasury accepting €5.00 million, while bids of €46.00 million were submitted for the 91-day bills, with the Treasury accepting €21.00 million. Since €12.00 million worth of bills matured during the week, the outstanding balance of Treasury bills increased by €14.00 million, to stand at €213.25 million. The yield from the 28-day bill auction was -0.022%, up by 0.8 basis point from bids with a similar tenor issued on November 12, 2015, representing a bid price of 100.0017 per 100 nominal. The yield from the 91-day bill auction was -0.042%, down by 0.2 basis point from bids with a similar tenor issued on November 12, 2015, representing a bid price of 100.0106 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 182-day bills maturing on December 24, 2015, and May 26, 2016, respectively. Falling iron ore prices weigh on Asian shares Asian markets experienced mixed fortunes on Tuesday following declines in the US and as slumping iron ore pric- es continued to hurt mining companies. In Australia, the S&P/ASX 200 closed down 0.95% at 5,226.40. Analysts said iron ore prices were continuing to move towards the decade low reached earlier this year. The commodity is Australia's biggest export and was trading at $44.20 a tonne in China on Monday. Independent economist and commodities specialist Andy Xie has predicted that iron ore prices will fall below $40 a tonne before the end of the year. He said prices could even sink as low as $30 for much of next year as demand from China continues to decline. Three of the biggest iron ore producers recorded falls in their Sydney-listed shares. BHP Billiton closed down 1.8%, Rio Tinto fell 1.5%, while Fortescue Metals was the biggest loser, sinking 3.2%. Pfi zer seals $160 billion Allergan deal to create drugs giant US drugs giant Pfi zer has sealed a deal to buy Botox-maker Allergan for $160 billion in what is the big- gest pharmaceuticals deal in his- tory. The takeover could allow Pfizer to escape relatively high US corporate tax rates by moving its headquarters to Allergan's Dublin base. The merged company will be the world's biggest drug maker by sales. Allergan shareholders will receive 11.3 shares in the new company for each of their Allergan shares. Pfizer shareholders will receive one share for each of their shares in that company. Shares in Pfizer closed down 2.7% in New York at $31.32, while Allergan fell 3.4% to $301.70. The merged business will be called Pfizer Plc. The companies said they expected the deal to be completed in the second half of 2016, subject to regulatory approval in the US and Europe. Pfizer said it expected the merger to result in savings of $2 billion in the first three years. Pfizer boss Ian Read will be chief executive and chairman of the merged company, with Allergan boss Brent Saunders becoming president and chief operating officer. "The proposed combination of Pfizer and Allergan will create a leading global pharmaceutical company with the strength to research, discover and deliver more medicines and more therapies to more people around the world," said Read. Critically, the terms of the deal propose that the merged company will maintain Allergan's Irish domicile. This means the profits of the new company would be subject to corporation tax of 12.5% - much lower than the 35% Pfizer pays in the US. 12 Business Today