Issue link: https://maltatoday.uberflip.com/i/689748
maltatoday, WEDNESDAY, 8 JUNE 2016 12 Regular market closed – 6/6/2016 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ▲ BOV 13,694 30,538.65 11 2.239 2.221 2.221 2.230 0.010 ● FIM 55,250 45,294.84 6 0.820 0.800 0.820 0.820 0.000 ▲ GCL 12,030 5,681.00 5 0.500 0.465 0.470 0.500 0.049 ● GHM 1,000 900.00 1 0.900 0.900 0.900 0.900 0.000 ● GO 3,670 10,643.00 2 2.900 2.900 2.900 2.900 0.000 ▲ HSB 23,600 37,852.00 3 1.604 1.600 1.600 1.604 0.004 ● IHI 5,550 3,496.50 1 0.630 0.630 0.630 0.630 0.000 ● MDS 3,250 5,687.50 2 1.750 1.750 1.750 1.750 0.000 ● MIA 2,435 10,476.50 3 4.310 4.300 4.300 4.300 0.000 ▼ MPC 30,000 15,315.70 5 0.515 0.506 0.515 0.506 -0.005 ▲ MTP 2,000 3,604.00 2 1.802 1.802 1.802 1.802 0.001 ▲ RS2 1,950 6,803.55 1 3.489 3.489 3.489 3.489 0.024 ▼ G17C 4,400 4,662.24 2 105.960 105.960 105.960 105.960 -0.030 ▼ G20A 11,000 13,211.00 1 120.100 120.100 120.100 120.100 -0.030 ▲ G20B 13,700 16,056.40 2 117.200 117.200 117.200 117.200 0.040 ▲ G21A 2,563 3,177.09 1 123.960 123.960 123.960 123.960 0.070 ▲ G22B 10,000 12,254.00 1 122.540 122.540 122.540 122.540 0.160 ▲ G28A 200 275.56 1 137.780 137.780 137.780 137.780 0.140 ▲ G28B 17,000 22,876.90 3 134.570 134.570 134.570 134.570 0.140 ▲ G29B 36,000 39,366.00 6 109.350 109.350 109.350 109.350 0.100 ▲ G30A 14,500 21,120.25 4 145.660 145.650 145.660 145.650 0.170 ▲ G31A 19,000 27,820.20 2 146.580 146.380 146.380 146.580 0.600 ▲ G32A 10,000 13,983.00 1 139.830 139.830 139.830 139.830 0.230 ▲ G33A 25,000 33,817.50 3 135.300 135.250 135.250 135.300 0.290 ▲ G34A 42,000 55,566.20 4 132.310 132.290 132.290 132.310 0.280 ▲ G36A 1,994,300 2,113,816.40 36 106.300 105.800 105.800 106.300 0.740 ▲ G40A 69,900 77,641.70 6 111.100 111.000 111.000 111.100 0.690 ▼ 6PM25 10,200 11,250.60 1 110.300 110.300 110.300 110.300 -0.700 ▼ AX24A 900 999.00 1 111.000 111.000 111.000 111.000 -1.500 ▲ BV19A 10,400 11,030.87 2 106.070 106.060 106.060 106.070 0.010 ▼ BV20A 20,000 21,001.14 3 105.010 105.000 105.010 105.000 -0.010 ● BV30A 25,000 24,500.00 1 98.000 98.000 98.000 98.000 0.000 ● CF26A 9,200 9,568.00 2 104.000 104.000 104.000 104.000 0.000 ● GF21A 16,500 17,810.00 2 108.000 106.000 106.000 108.000 0.000 ▼ HB17A 932 946.17 1 101.520 101.520 101.520 101.520 -0.480 ● HB18A 10,000 10,627.00 1 106.270 106.270 106.270 106.270 0.000 ● HM24A 4,000 4,360.00 1 109.000 109.000 109.000 109.000 0.000 ● HP25A 12,800 13,708.50 3 108.500 106.000 106.000 108.500 0.000 ● IG19A 5,100 5,176.50 1 101.500 101.500 101.500 101.500 0.000 ▲ IH23A 12,000 13,083.60 1 109.030 109.030 109.030 109.030 0.020 ▼ MD18A 21,200 21,716.25 5 102.700 102.250 102.700 102.250 -0.400 ▲ MD18B 30,000 30,399.00 2 101.330 101.330 101.330 101.330 1.330 ▲ MF24A 15,000 16,596.00 1 110.640 110.640 110.640 110.640 0.010 ● MI21A 37,000 37,000.00 4 100.000 100.000 100.000 100.000 0.000 ● MS23A 400 436.00 1 109.000 109.000 109.000 109.000 0.000 ▲ PT24A 59,500 64,233.17 7 108.000 107.750 107.900 107.750 0.750 ▼ SF20A 2,400 2,538.00 2 106.000 104.000 106.000 104.000 -2.000 ● TI20A 10,000 10,322.00 1 103.220 103.220 103.220 103.220 0.010 Market Summary as at June 6, 2016 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 158 Volume Traded ................................................................. 2,736,524 Value of € denominated securities .................................... 2,889,907 Value of US$ denominated securities ................................ 45,305 Value of GBP£ denominated securities .............................. 30,399 Current Index ................................................................... 4,442.611 Previous Index ................................................................. 4,433.079 Change in Index (%) ......................................................... 0.215% 6pm Holdings plc .......................... 0.950 0.00% MaltaPost plc ................................. 1.802 0.06% Bank of Valletta plc ........................ 2.230 0.45% Medserv plc .................................. 1.750 0.00% FIMBank plc .................................. 0.820 0.00% Mapfre Middlesea plc .................... 2.210 0.00% GlobalCapital plc ........................... 0.500 10.86% MIDI plc ........................................ 0.384 0.00% GO plc ........................................... 2.900 0.00% Plaza Centres plc ........................... 1.070 0.00% Grand Harbour Marina plc ............. 0.900 0.00% RS2 Software plc............................ 3.489 0.69% HSBC Bank Malta plc ..................... 1.604 0.25% Simonds Farsons Cisk plc ............... 6.300 0.00% International Hotel Investments plc 0.630 0.00% Tigné Mall plc ................................ 1.060 0.00% Island Hotels Group Holdings plc ... 1.101 0.00% Pefaco International plc ................. 2.240 0.00% Lombard Bank Malta plc ................ 2.100 0.00% Santumas Shareholdings plc ......... 2.380 0.00% Malita Investments plc ................... 0.900 0.00% Malta Properties Company plc ........ 0.506 -0.98% Malta International Airport plc ....... 4.300 0.00% MSE Index Business Today Shell aims for sharper cost cuts after BG takeover Royal Dutch Shell has announced it will exit oil and gas operations in up to 10 countries in a drive to deepen cost cuts as the energy giant weathers weak oil prices and has to pay down debt following its €48 billion acquisi- tion of BG Group. The international oil company gave investors an update on its long- term strategy on Tuesday, in which it tried to reassure the market about the amount of debt it has taken on as a result of the purchase, which was completed in February. Shell said that it would cut €4 billion of spending before tax in 2018 — 30% more than the previous target of €3 billion. It aims to cut €3.5 billion in 2017. Shell CEO Ben van Beurden said that the BG deal "is an opportunity to accelerate the reshaping of Shell. Integration is gathering pace, and today we expect to deliver more synergies, and at a faster rate." Shell's debt has grown to 26% of its total capital as a result of the purchase, and van Beurden said his first priority was to cut that figure. "By capping our capital spending in the period to 2020, investing in compelling projects, driving down costs and selling non-core positions, we can reshape Shell into a more focused and more resilient company, with better returns and growing free cash flow per share," van Beurden said. He also confirmed that Shell was cutting another 2,200 jobs after the BG deal, on top of the 2,800 already announced. Shell has announced more than 10,000 job cuts globally over the last two years.The company is looking to cut operating costs to €35 billion a year by the end of this year — 20% below what it and BG together spent last year. It wants investment to come down to €25 billion this year — 35% less than the two companies spent last year. As well as cutting spending and focusing on the cash-generating parts of its business, Shell is also planning to make €26 billion of asset sales before the end of 2018. Shell is hoping to make between €5.3 billion and €7 billion of those sales this year, and has said it is considering selling North Sea assets as part of that process. The company said on Tuesday it wanted to focus on its liquefied natural gas business, its deepwater assets in Brazil and the US and its chemicals business. It said it is not currently investing in its US shale gas business, but sees it more as a "future opportunity" should the oil price rebound. Shares in Shell opened up almost 2% on Tuesday morning, but are 9% down over the past 12 months. EY appoints new leader of transaction advisory services EY global has appointed Ronald At- tard, as leader of transaction advisory services in central and south-east Eu- rope (CSE). CSE is a grouping of 21 countries including a number of significant economies, and in his role Ronald will be a member of Central and South East Europe executive committee and a member of EMEIA (Europe Middle East India and Africa) transaction advisory services executive committee. Ronald will also be a member of global managed services board, a statement by the firm reads. Attard joined EY in 2000 when the firm was established in Malta. Originally an audit partner, he has led the team in building the successful Malta TAS and Advisory practices from scratch. In recent years, he has further established new service offerings, including economic advisory, EU advisory, financial crime and infrastructure support. Over the years he has overseen major transaction support engagements. In Malta, he acts as client serving partner for larger institutions as well as family businesses. In addition, he has also been a senior visiting lecturer at the University of Malta for almost 20 years. Over the last few years EY Malta has made great strides forward on all fronts - expanding its private sector portfolio, diversifying its offer, particularly with the opening of the managed services arm, and recruiting the best minds in the business, both locally and from abroad. "I am confident that Ronald will bring his strong business acumen and holistic views on our clients' and team's needs to his leadership of CSE TAS," central and southeast Europe managing partner Jacek Kędzior said. "This will put me in close and regular contact with key EY figures in Europe, the Middle East, India, Africa and indeed, in the case of managed services, the entire globe. And obviously, with all their clients and institutional networks in the respective continents," Attard said. He added that he didn't see this appointment as a purely personal achievement. "It opens up a whole new vista of opportunities for our country, of ways to continue helping Malta punch above its weight. Just as EU membership helped us to get to where we are today, these global contacts can take us to economic and financial territories we never explored before. "Given the strength of our leadership team I am very confident that, my new responsibilities notwithstanding, we are well-placed to strengthen our position in the local market. Over the last years we have considerably nurtured and expanded our top echelons. This year, for instance, we have welcomed Shawn Falzon as a Partner and Chris Meilak as an." Although having direct responsibility for 21 countries in Central and South East Europe means that he will be travelling extensively, Attard will retain his roles of Malta's managing partner and leader for TAS for the South cluster of countries.