Issue link: https://maltatoday.uberflip.com/i/659044
maltatoday, WEDNESDAY, 30 MARCH 2016 12 Regular market closed – 29/3/2016 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ▲ 6PM 10,000 8,000.00 1 0.800 0.800 0.800 0.800 0.030 ▼ BOV 18,965 42,671.25 9 2.250 2.250 2.250 2.250 -0.019 ▲ FIM 12,635 9,176.73 5 0.735 0.724 0.724 0.735 0.010 ● GO 260 897.00 1 3.450 3.450 3.450 3.450 0.000 ● IHI 6,515 4,169.60 2 0.640 0.640 0.640 0.640 0.000 ▼ LOM 10,600 23,390.00 2 2.210 2.150 2.150 2.210 -0.040 ▲ MDI 125,000 46,150.00 4 0.370 0.365 0.365 0.370 0.010 ▲ MDS 4,751 7,689.09 4 1.700 1.590 1.600 1.700 0.050 ▲ MIA 1,188 5,283.08 3 4.490 4.410 4.410 4.490 0.080 ▼ MPC 23,722 13,309.77 8 0.564 0.560 0.564 0.560 -0.003 ▲ RS2 16,477 61,042.42 12 3.720 3.699 3.699 3.720 0.020 ▲ SFC 500 3,020.00 1 6.040 6.040 6.040 6.040 0.040 ▼ G17C 12,000 12,811.20 2 106.760 106.760 106.760 106.760 -0.100 ▲ G20E 49,500 53,356.05 1 107.790 107.790 107.790 107.790 0.010 ▲ G21A 4,659 5,800.46 1 124.500 124.500 124.500 124.500 0.020 ▲ G22A 2,407 3,100.46 1 128.810 128.810 128.810 128.810 0.180 ▲ G23A 4,659 6,259.37 1 134.350 134.350 134.350 134.350 0.230 ▲ G28B 99,000 134,001.00 7 135.450 135.000 135.000 135.450 0.480 ▲ G29B 106,300 116,685.34 11 109.780 109.600 109.600 109.780 0.460 ▲ G30A 79,500 116,278.90 5 146.320 145.900 145.900 146.320 0.560 ▲ G31A 400 587.24 1 146.810 146.810 146.810 146.810 0.580 ▲ G32A 135,000 188,919.50 5 140.000 139.770 140.000 139.770 0.570 ▲ G32B 10,000 13,698.00 1 136.980 136.980 136.980 136.980 0.570 ▲ G33A 35,500 47,835.60 3 134.880 134.490 134.490 134.880 0.580 ▲ G34A 81,600 107,344.80 5 131.550 131.550 131.550 131.550 0.560 ▲ G36AA 2,311,000 2,411,123.73 49 104.450 103.900 104.000 104.360 0.410 ▲ G40A 167,200 183,868.08 11 109.990 109.630 109.630 109.940 0.310 ▲ 6PM25 15,000 16,650.00 1 111.000 111.000 111.000 111.000 1.440 ▲ BV18A 15,000 15,603.00 1 104.020 104.020 104.020 104.020 0.010 ● BV19A 27,400 29,181.00 2 106.500 106.500 106.500 106.500 0.000 ▼ BV20A 68,000 71,061.00 5 104.510 104.500 104.510 104.500 -0.010 ● BV30A 72,700 72,518.25 3 99.750 99.750 99.750 99.750 0.000 ▲ GC16A 5,000 4,750.00 1 95.000 95.000 95.000 95.000 1.000 ● GF21A 3,800 4,104.00 1 108.000 108.000 108.000 108.000 0.000 ▼ HP25A 5,000 5,306.75 2 107.500 105.550 107.500 105.550 -1.950 ▲ IH25A 1,200 1,320.00 2 110.000 110.000 110.000 110.000 0.500 ▲ MO19A 1,000 1,035.00 1 103.500 103.500 103.500 103.500 0.490 ▲ PT24A 46,400 51,021.44 2 109.960 109.960 109.960 109.960 0.960 ● SF20A 16,300 16,952.00 2 104.000 104.000 104.000 104.000 0.000 Market Summary as at March 29, 2016 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 179 Volume Traded ................................................................. 3,606,138 Value of € denominated securities .................................... 3,898,794.38 Value of US$ denominated securities ................................ 9,176.73 Value of GBP£ denominated securities .............................. 8,000.00 Current Index ................................................................... 4,517.791 Previous Index ................................................................. 4,508.544 Change in Index (%) ......................................................... 0.205% 6pm Holdings plc ......................... 0.800 3.90% MaltaPost plc ................................. 1.980 0.00% Bank of Valletta plc ....................... 2.250 -0.84% Medserv plc .................................. 1.700 3.03% FIMBank plc .................................. 0.735 1.38% Mapfre Middlesea plc .................... 2.490 0.00% GlobalCapital plc .......................... 0.400 0.00% MIDI plc ........................................ 0.370 2.78% GO plc ........................................... 3.450 0.00% Plaza Centres plc ........................... 1.045 0.00% Grand Harbour Marina plc ............. 0.900 0.00% RS2 Software plc ........................... 3.720 0.54% HSBC Bank Malta plc ..................... 1.580 0.00% Simonds Farsons Cisk plc .............. 6.040 0.67% International Hotel Investments plc 0.640 0.00% Tigné Mall plc ............................... 1.049 0.00% Island Hotels Group Holdings plc ... 1.101 0.00% Pefaco International plc ................ 2.240 0.00% Lombard Bank Malta plc ................ 2.210 0.00% Santumas Shareholdings plc ......... 2.360 0.00% Malita Investments plc .................. 0.950 0.00% Malta Properties Company plc ....... 0.560 -0.53% Malta International Airport plc ....... 4.490 1.81% MSE Index Business Today Money Market Report for the week ending March 25, 2016 ECB Monetary Operations On Monday, March 21, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, March 22, and attracted bids from euro area eligible counterparties of €60.57 billion, €0.90 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 0.00%, in accordance with current ECB policy. On Wednesday, March 23, 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 $0.05 billion, which was allotted in full at a fixed rate of 0.86%. On Thursday, March 24, the ECB conducted the seventh Targeted Longer Term Refinancing Operation, as announced in the press release of Thursday, June 5, 2014. This operation attracted bids of €7.34 billion, which was allotted in full at a fixed rate of 0.00%. Domestic Treasury Bill Market In the domestic primary market for Treasury bills, the Treasury invited tenders for 91-day and 182-day bills maturing on June 23 and September 22, 2016, respectively. Bids of €17.00 million were submitted for the 91-day bills, with the Treasury accepting €8.50 million, while bids of €7.00 million were submitted for the 182-day bills, with the Treasury accepting all bids. Since no bills matured during the week, the outstanding balance of Treasury bills increased by €15.50 million, to stand at €367.65 million. The yield from the 91-day bill auction was -0.140%, up by 0.7 basis point from bids with a similar tenor issued on March 17, 2016, representing a bid price of 100.0354 per 100 nominal. The yield from the 182-day bill auction was -0.096%, unchanged from bids with a similar tenor issued on March 10, 2016, representing a bid price of 100.0486 per 100 nominal. During the week under review, there was no trading on the Malta Stock Exchange. On Tuesday the Treasury invited tenders for 90-day and 181-day bills maturing on June 30 and September 29, 2016, respectively. Samsung launches mobile wallet in China Samsung has officially launched its mobile wallet service in China, in co-operation with local vendor UnionPay. Instead of using cards, the service allows shoppers to use their smartphones to pay for in- store purchases. Last month, Apple launched its own Apple Pay system in China, also in partnership with UnionPay. China's smartphone market, the largest in the world, presents a huge business opportunity for mobile-payment systems. Samsung Pay and Apple Pay will now compete with Alibaba's Alipay, which currently dominates China's electronic payments market. However analysts told the BBC that mobile payment services provided by Alipay and WeChat were so dominant in China that international newcomers such as Apple and Samsung would face "an uphill battle" to win market share. Tencent's WeChat also has a payment system which is popular in China, and telecommunications giant Huawei launched its own service earlier this month. The South Korean electronics giant said Samsung Pay was now available in China on a range of smartphones including the Samsung Galaxy S7, Galaxy S7 edge, Galaxy S6 edge+ and Galaxy Note5. The firm said it would have "the opportunity to support additional mid-range models in the future". In announcing its official launch, which has been expected since late last year, Samsung said that Samsung Pay currently supports select credit and debit cards of nine major banks in China including China CITIC Bank, China Construction Bank and China Everbright Bank. Samsung has previously said it has one critical fact that will work in its favour: its technology works with a much larger number of existing payment terminals. Anbang raises offer for Starwood to $14 billion Chinese insurance firm Anbang has raised its offer for Starwood Hotels to $14bn, extending a bid- ding war with Marriott for the group. Last week, Marriott appeared to have outbid Anbang with a $13.6bn offer that gained support from Starwood's board. In a statement, Starwood's board said the new offer was likely to lead to a "superior proposal". The board, though, has not changed its recommendation in favour of a merger with Marriott. Starwood owns several hotel brands, including Sheraton, Westin and St Regis. Under the terms of its agreement with Marriott, Starwood's board can discuss and provide information to bidders that make superior bids. But under its latest merger agreement with Marriott, Starwood would have to pay a breakup fee to Marriott of $450m if it decided to accept another offer. Anbang, whose consortium includes private equity firms JC Flowers & Co and Primavera Capital, has been making a push into the US market over the last several years. It bought the Waldorf Astoria hotel in New York in 2014. Starwood shares rose 2% on Monday to $83.75 on the higher Anbang offer.