Issue link: https://maltatoday.uberflip.com/i/631983
maltatoday, WEDNESDAY, 27 JANUARY 2016 12 Regular market closed – 26/1/2016 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ● 6PM 1,784 1,248.800 1 0.700 0.700 0.700 0.700 0.000 ▲ BOV 26,109 58,358.780 17 2.240 2.220 2.235 2.239 0.019 ● FIM 2,000 1,260.000 1 0.630 0.630 0.630 0.630 0.000 ● GO 16,660 52,479.000 4 3.150 3.150 3.150 3.150 0.000 ● HSB 3,000 5,367.860 2 1.790 1.789 1.789 1.790 0.000 ● MDI 27,000 9,450.000 2 0.350 0.350 0.350 0.350 0.000 ● MDS 4,724 7,936.320 2 1.680 1.680 1.680 1.680 0.000 ● MIA 3,400 14,864.870 6 4.400 4.351 4.400 4.351 0.000 ● MLT 15,000 14,250.000 2 0.950 0.950 0.950 0.950 0.000 ● MPC 1,100 594.000 1 0.540 0.540 0.540 0.540 0.000 ● MTP 8,000 15,360.000 2 1.920 1.920 1.920 1.920 0.000 ▲ G22A 9,318 11,918.650 1 127.910 127.910 127.910 127.910 0.080 ▲ G28A 5,000 6,769.000 1 135.380 135.380 135.380 135.380 0.540 ▲ G28B 5,000 6,605.000 1 132.100 132.100 132.100 132.100 0.450 ▲ G29B 254,500 270,753.350 13 106.430 106.060 106.060 106.430 0.460 ▲ G31A 15,000 21,451.500 1 143.010 143.010 143.010 143.010 0.560 ▲ G32A 8,500 11,558.800 2 136.060 135.880 135.880 136.060 0.550 ▲ G33A 14,000 18,377.800 2 131.270 131.270 131.270 131.270 0.530 ▲ G34A 160,000 205,003.000 2 128.130 128.080 128.080 128.130 0.400 ▲ G40A 115,400 125,547.440 11 108.860 108.360 108.360 108.860 0.630 ● BV30A 30,000 29,994.000 2 99.980 99.980 99.980 99.980 0.000 ▼ BV30B 60,000 59,400.000 2 99.000 99.000 99.000 99.000 -0.990 ▼ HB17A 6,983 7,192.690 2 103.010 103.000 103.010 103.000 -0.010 ● HB18A 4,100 4,346.000 2 106.000 106.000 106.000 106.000 0.000 ● HP25A 2,400 2,496.000 1 104.000 104.000 104.000 104.000 0.000 ● IG24A 11,300 12,317.000 2 109.000 109.000 109.000 109.000 0.000 ▲ IH25A 3,800 4,094.500 2 107.750 107.750 107.750 107.750 0.250 ▼ MD18B 3,000 3,036.300 1 101.210 101.210 101.210 101.210 -0.030 ▲ MI21A 5,000 5,013.000 1 100.260 100.260 100.260 100.260 0.010 ▼ MS23A 1,200 1,314.000 2 109.500 109.500 109.500 109.500 -1.500 ● PT24A 2,400 2,592.000 1 108.000 108.000 108.000 108.000 0.000 ▲ SF20A 700 735.000 1 105.000 105.000 105.000 105.000 0.500 Market Summary as at January 26 , 2016 Equity Offi cial List Session State ................................................................... Market Closed Number of trades ............................................................. 93 Volume Traded ................................................................. 826,378 Value of € denominated securities .................................... 986,139.560 Value of US$ denominated securities ................................ 1,260.000 Value of GBP£ denominated securities .............................. 4,285.100 Current Index ................................................................... 4,503.598 Previous Index ................................................................. 4,495.386 Change in Index (%) ......................................................... 0.183% 6pm Holdings plc ......................... 0.700 0.00% MaltaPost plc ................................ 1.920 0.00% Bank of Valletta plc ........................ 2.239 0.86% Medserv plc .................................. 1.680 0.00% FIMBank plc ................................. 0.630 0.00% Mapfre Middlesea plc .................... 2.255 0.00% GlobalCapital plc ........................... 0.450 0.00% MIDI plc ........................................ 0.350 0.00% GO plc ........................................... 3.150 0.00% Plaza Centres plc ........................... 1.000 0.00% Grand Harbour Marina plc ............. 1.030 0.00% RS2 Software plc ........................... 3.281 0.00% HSBC Bank Malta plc ..................... 1.790 0.00% Simonds Farsons Cisk plc .............. 6.000 0.00% International Hotel Investments plc 0.740 0.00% Tigné Mall plc ................................ 0.960 0.00% Island Hotels Group Holdings plc ... 1.101 0.00% Pefaco International plc ................. 2.240 0.00% Lombard Bank Malta plc ............... 2.435 0.00% Santumas Shareholdings plc ........ 1.818 0.00% Malita Investments plc .................. 0.950 0.00% Malta Properties Company plc ....... 0.540 0.00% Malta International Airport plc ....... 4.351 0.00% MSE Index Business Today Market commentary: Calmer equities, tumbling crude After rebounding strongly at the end of last week, stocks moved moderately lower on Monday, giving back some ground from last week's attempted rebound. Oil prices resumed their slide, as stock markets in Europe reversed early falls to trade slightly lower on the day. Despite the fact the FTSE, DAX and CAC 40 dropped into negative territory, all remain well off their recent lows. Crude prices tumbled after a strong two-day run as record output from Iraq flooded a heavily oversupplied market. Brent crude was down to $31 a barrel. Iraq's oil ministry said that the country produced a record output in December, with its fields in the central and southern regions producing as much as 4.13 million barrels a day. This is bad news since it means that oversupply will keep markets depressed and prices low. Greek government bonds held steady and stocks rose on Monday after Standard and Poor raised the country's rating by one notch, leaving Greece with a B- status. While this is still a 'junk bond' rating and Greece remains vulnerable to a declining market, S&P praised its compliance with the terms of its third bailout. Prices were extremely volatile, yet Greek 10-year bond yields ended the day trading slightly higher at 9.65. Jack Dorsey, chief executive of Twitter has announced via a tweet that four key Twitter executives will be leaving the company. Twitter's head of product, head of media, head of engineering and head of human resources have all decided to take some time off. This news led to a 7% drop in Twitter's shares in early trading in New York, bringing the total movement of shares in Twitter down almost 60% over the past 12 months. McDonalds reported better- than-expected quarterly sales, as the launch of 'all-day breakfast' proved to be a hit with diners in the United States and recovering demand in China. The world's biggest restaurant chain's shares jumped 3.4% in pre-market trading on Monday. The company's net income rose 9.9% to $1.21 billion in the fourth quarter ending 31 December 2015, beating analysts' earnings expectations. In the automobile industry, Ford have announced a decision has been made to shut down all its operations in Japan and Indonesia, where the US car maker says it has no path to boost sales or earn profits. Ford's exit from Indonesia follows General Motors, which announced last year that it will close down its factory in Southeast Asia. Indonesia is dominated by Toyota and its affiliate Daihatsu. Ford's shares were down 1.3% on Monday. Market turbulence sets the backdrop for a meeting of the US Federal Reserve on Tuesday and Wednesday, while Bank of Japan policymakers are set to gather at the end of the week. Following the European Central Bank's signal that it would deliver further monetary stimulus, hope lies on other central banks to take the same path. As a result, all eyes will be on the Fed's monetary policy announcement, where a decision will be made whether to leave interest rates unchanged, or otherwise. After three rip-roaring weeks, the selling torrent driving stocks finally eased up late last week. A turnaround in oil prices and comments from the European Central Bank helped calm global equities. Now, the markets wait to hear from the Fed and the BoJ to see what steps will be taken in order to soothe markets. This article was issued by Rebecca Naudi, Trader at Calamatta Cuschieri. For more information visit, www.cc.com. mt. The information, view and opinions provided in this article is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Calamatta Cuschieri & Co. Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this newspaper. YOUR FIRST CLICK OF THE DAY www.maltatoday.com.mt Top Twitter executives to leave company, CEO Dorsey tweets The Malta Chamber of Commerce, Enterprise and Industry welcomes the report issued by the Interna- tional Monetary Fund (IMF) on 20 January in which it is apparent that the economic outlook for Malta is set to remain strong for 2016 and 2017. The economic growth is expected to be driven by domestic demand, as well as the eventual recovery of export trade. The Malta Chamber is pleased to note that real GDP growth is expected to remain buoyant in 2016 with a projected growth of 3.5 %, which compares well with the extraordinary growth due to one- time major infrastructural projects in 2015, estimated at 4.3%. Unemployment is set to remain at a historical low of 5.4% this year, as inflation is set to increase slightly to 1.8%. In light of the above, the Malta Chamber reaffirms its call that while the positive trend of the economy is very encouraging, it does not mean that the country can afford to become complacent. We must ensure that growth is sustained on a long-term basis, and that this is the result of export-led activity rather than domestic demand. Government must continue to ensure business friendly conditions that are conducive to economic growth and provide an ideal scenario for investment. The Malta Chamber appeals to government to remain efficient in its processes, and curb public spending while maintaining the momentum garnered in reforming sectors such as energy, the labour market, healthcare and public finances.