Issue link: https://maltatoday.uberflip.com/i/698019
maltatoday, WEDNESDAY, 29 JUNE 2016 12 Regular market closed – 28/6/2016 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ● BOV 42,425 94,925.55 14 2.249 2.203 2.230 2.203 0.000 ● FIM 20,972 19,294.24 3 0.920 0.920 0.920 0.920 0.000 ▼ GO 714 2,034.90 1 2.850 2.850 2.850 2.850 -0.030 ▲ IHI 1,000 700.00 1 0.700 0.700 0.700 0.700 0.011 ● MDS 545 975.55 1 1.790 1.790 1.790 1.790 0.000 ▲ MIA 12,100 51,037.40 4 4.250 4.100 4.100 4.250 0.150 ▲ MMS 11,200 26,850.83 3 2.400 2.210 2.210 2.400 0.210 ● MPC 250 127.50 1 0.510 0.510 0.510 0.510 0.000 ▲ RS2 18,370 63,698.29 6 3.500 3.460 3.460 3.500 0.040 ● SFC 3,540 22,231.20 1 6.280 6.280 6.280 6.280 0.000 ▼ G17C 5,000 5,285.50 1 105.710 105.710 105.710 105.710 -0.020 ▲ G21A 5,995 7,425.41 1 123.860 123.860 123.860 123.860 0.220 ▲ G22A 6,756 8,652.92 3 128.090 128.000 128.000 128.090 0.550 ▲ G29B 925,000 1,019,383.00 19 110.350 109.750 109.750 110.250 0.500 ▲ G30A 229,800 337,760.04 3 146.980 146.980 146.980 146.980 0.910 ▲ G31A 37,000 54,689.20 3 148.140 147.750 147.750 148.140 1.560 ▲ G32A 12,000 16,976.40 2 141.470 141.470 141.470 141.470 0.940 ▲ G32B 34,000 47,164.80 3 138.720 138.720 138.720 138.720 0.980 ▲ G33A 19,500 26,672.60 4 136.880 136.500 136.500 136.880 0.560 ▲ G36A 1,053,900 1,123,508.87 32 106.720 106.470 106.470 106.670 0.220 ▲ G40A 176,200 197,861.64 14 112.620 112.000 112.000 112.620 1.120 ▲ IH21A 2,200 2,270.40 1 103.200 103.200 103.200 103.200 0.100 ▼ MS23A 2,500 2,725.00 1 109.000 109.000 109.000 109.000 -1.000 ▼ SF20A 900 936.00 1 104.000 104.000 104.000 104.000 -3.000 Market Summary as at June 28, 2016 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 123 Volume Traded ................................................................. 2,621,867 Value of € denominated securities .................................... 2,916,840 Value of US$ denominated securities ................................ 19,294 Value of GBP£ denominated securities .............................. 0.00 Current Index ................................................................... 4,534.629 Previous Index ................................................................. 4,478.669 Change in Index (%) ......................................................... 1.249% 6pm Holdings plc .......................... 0.950 0.00% MaltaPost plc ................................. 2.000 0.00% Bank of Valletta plc ........................ 2.203 0.00% Medserv plc .................................. 1.790 0.00% FIMBank plc .................................. 0.920 0.00% Mapfre Middlesea plc .................... 2.400 9.59% GlobalCapital plc ........................... 0.499 0.00% MIDI plc ........................................ 0.380 0.00% GO plc ........................................... 2.850 -1.04% Plaza Centres plc ........................... 1.070 0.00% Grand Harbour Marina plc ............. 0.900 0.00% RS2 Software plc............................ 3.500 1.16% HSBC Bank Malta plc ..................... 1.596 0.00% Simonds Farsons Cisk plc ............... 6.280 0.00% International Hotel Investments plc 0.700 4.63% Tigné Mall plc ................................ 1.041 0.00% Island Hotels Group Holdings plc ... 1.101 0.00% Pefaco International plc ................. 2.240 0.00% Lombard Bank Malta plc ................ 2.090 0.00% Santumas Shareholdings plc ......... 2.350 0.00% Malita Investments plc ................... 0.890 0.00% Malta Properties Company plc ........ 0.510 0.00% Malta International Airport plc ....... 4.250 3.66% MSE Index Business Today Deloitte Malta founder appointed Sparkasse director Andrew Manduca has been elected to the Sparkasse Bank Malta board of directors as an independent non-executive director. Manduca was a founder partner of Deloitte Malta, a firm which was set up in 1980. He led the Deloitte tax practice from 1980 to 2012 and retired as chairman and senior partner of Deloitte Malta in December 2015. He is a former president of the Malta Institute of Accountants and of the Institute of Financial Services Practitioners (IFSP). He is the first and current president of the Malta branch of the International Fiscal Association and is the original author of Malta as a Holding Company Jurisdiction, a publication of the International Bureau of Fiscal Documentation (IBFD). Ever since Malta started its quest to become an international onshore financial centre of repute in the early 1990s, Manduca represented local practitioners on various committees set up by different administrations to suggest ways to make the jurisdiction more competitive. "We are honoured and welcome Mr Manduca to our board as his experience and background will help contribute to the technical competencies of our board. This is aligned with the bank's wishes to strengthen its expertise and corporate governance in anticipation of further expansion plans the bank is seeking to foster in the near future – we look forward to working closely with Andrew," Sparkasse Malta managing director Paul Mifsud said. "I am proud and challenged to take up this new post with Sparkasse. In my previous role at Deloitte, I had noticed at the time, the bank's rapid growth in Malta especially in the depositary space and ancillary services it offered to the fund industry – I am delighted that I will form part of a bank that has an exciting and ambitious growth strategy and look forward to contributing to the best of my capabilities," Manduca said. Money Market Report for the week ending June 24, 2016 ECB Monetary Operations On Monday, June 20, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, June 21, and attracted bids from euro area eligible counterparties of €49.88 billion, €0.74 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, June 22, the ECB conducted a seven-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation was carried out at a fixed rate of 0.87% and did not attract bids from euro area eligible counterparties. On Thursday, June 23, the ECB conducted the eighth Targeted Longer Term Refinancing Operation (TLTRO 8), as announced in the press release of Thursday, June 5, 2014. This operation attracted bids of €6.72 billion, which was allotted in full at a fixed rate of 0.00%. On Friday, June 24, the ECB conducted the first of the new Targeted Longer Term Refinancing Operations (TLTRO-II.1), as announced in the press release of Thursday, March 10, 2016. This operation attracted bids of €399.29 billion, which was allotted in full at a fixed rate of 0.00%. The final interest rate applied to these operations may differ and will be determined according to Article 5 of Decision ECB/2016/10. 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 September 22 and December 22, 2016. Bids of €45.00 million were submitted for the 91-day bills, with the Treasury accepting €13.00 million, while bids of €20.05 million were submitted for the 182-day bills, with the Treasury accepting €2.00 million. Since €28.50 million worth of bills matured during the week, the outstanding balance of Treasury bills decreased by €13.50 million, to stand at €303.45 million. The yield from the 91-day bill auction was -0.275%, down by 0.8 basis point from bids with a similar tenor issued on June 16, 2016, representing a bid price of 100.0696 per 100 nominal. The yield from the 182-day bill auction was -0.255%, down by 0.4 basis point from bids with a similar tenor also issued on June 16, 2016, representing a bid price of 100.1291 per 100 nominal. During the week under review, there was no trading on the Malta Stock Exchange. On Monday the Treasury invited tenders for 91-day and 182-day bills maturing on September 29 and December 29, 2016, respectively. Andrew Manduca