Issue link: https://maltatoday.uberflip.com/i/713415
maltatoday, WEDNESDAY, 10 AUGUST 2016 12 Regular market closed – 9/8/2016 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ▲ BOV 3,320 7,387.72 5 2.230 2.220 2.220 2.230 0.010 ● GO 1,500 4,220.00 2 2.820 2.800 2.800 2.820 0.000 ▼ HSB 34,000 52,827.00 5 1.600 1.550 1.600 1.550 -0.001 ▲ IHI 1,000 650.00 1 0.650 0.650 0.650 0.650 0.046 ● MIA 967 4,051.73 2 4.190 4.190 4.190 4.190 0.000 ● MMS 2,500 5,062.51 2 2.025 2.025 2.025 2.025 0.000 ▲ MPC 1,000 509.00 1 0.509 0.509 0.509 0.509 0.001 ▲ RS2 2,050 3,905.25 2 1.905 1.905 1.905 1.905 0.005 ▼ G16B 88,200 89,425.98 1 101.390 101.390 101.390 101.390 -0.100 ▼ G17C 300,000 315,720.00 2 105.240 105.240 105.240 105.240 -0.040 ▲ G20A 8,153 9,769.74 1 119.830 119.830 119.830 119.830 0.040 ▼ G20B 11,700 13,685.49 1 116.970 116.970 116.970 116.970 -0.030 ▲ G21A 195,858 243,333.98 7 124.240 124.240 124.240 124.240 0.100 ▲ G22A 200,000 257,820.00 2 128.910 128.910 128.910 128.910 0.290 ▲ G23A 233 314.13 1 134.820 134.820 134.820 134.820 0.400 ● G28B 50,000 68,425.00 1 136.850 136.850 136.850 136.850 0.000 ▼ G29B 120,000 134,268.00 2 111.890 111.890 111.890 111.890 -0.110 ● G31A 5,000 7,459.00 1 149.180 149.180 149.180 149.180 0.000 ▲ G32A 12,500 17,811.95 3 142.510 142.250 142.250 142.510 0.360 ▲ G32B 62,000 86,640.00 3 139.800 139.500 139.500 139.800 0.420 ▲ G33A 23,800 32,755.60 4 137.680 137.500 137.500 137.680 0.340 ▲ G34A 167,000 224,739.60 3 134.590 134.200 134.200 134.490 0.350 ▲ G36A 654,700 699,759.00 36 107.000 106.550 106.550 106.850 0.320 ▲ G40A 188,100 215,273.52 9 114.490 114.000 114.000 114.390 0.450 ▲ BV18A 209,500 222,070.00 4 106.000 106.000 106.000 106.000 1.000 ▼ HP25A 2,100 2,205.00 1 105.000 105.000 105.000 105.000 -3.000 ▲ IG24A 2,500 2,706.25 1 108.250 108.250 108.250 108.250 0.250 ▼ IH26A 60,600 62,816.60 11 103.750 103.000 103.750 103.730 -0.020 ▼ MD26A 32,500 33,643.33 8 103.750 103.000 103.750 103.000 -0.750 ● PG22A 16,700 18,399.50 3 110.500 110.000 110.000 110.500 0.000 ▼ TI20A 2,500 2,550.00 1 102.000 102.000 102.000 102.000 -1.000 Market Summary as at August 9, 2016 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 126 Volume Traded ................................................................. 2,459,981 Value of € denominated securities .................................... 658,058.93 Value of US$ denominated securities ................................ 0.00 Value of GBP£ denominated securities .............................. 0.00 Current Index ................................................................... 4,439.727 Previous Index ................................................................. 4,404.807 Change in Index (%) ......................................................... 0.793% 6pm Holdings plc ......................... 0.850 0.00% MaltaPost plc ................................ 1.880 0.00% Bank of Valletta plc ....................... 2.230 0.45% Medserv plc .................................. 1.802 0.00% FIMBank plc ................................. 1.017 0.00% Mapfre Middlesea plc .................... 2.025 0.00% GlobalCapital plc .......................... 0.350 0.00% MIDI plc ........................................ 0.375 0.00% GO plc .......................................... 2.820 0.00% Plaza Centres plc ........................... 1.070 0.00% Grand Harbour Marina plc ............. 0.900 0.00% RS2 Software plc ........................... 1.905 0.26% HSBC Bank Malta plc ..................... 1.550 -0.06% Simonds Farsons Cisk plc .............. 6.350 0.00% International Hotel Investments plc 0.650 7.62% Tigné Mall plc ............................... 1.050 0.00% Island Hotels Group Holdings plc ... 1.101 0.00% Pefaco International plc ................ 2.240 0.00% Lombard Bank Malta plc ............... 2.249 0.00% Santumas Shareholdings plc ........ 2.350 0.00% Malita Investments plc ................... 0.860 0.00% Malta Properties Company plc ....... 0.509 0.20% Malta International Airport plc ....... 4.190 0.00% MSE Index Business Today Market Commentary: Risk in the driver's seat Markets seemed to have welcomed the start of another summer week as major Asian bourses traded sig- nificantly higher. The sentiment was echoed to a lesser extent in Europe, but came to a downright halt in the US, as all three major indices ended the day slightly negative. Making headlines was yet another déjà vu in the oil market – OPEC are holding informal talks in September and the oil bulls are hoping it will lead to – at least – some kind of supply freezing. A statement on the OPEC website by Qatar – stating that the market and the price should balance out by the end of the year – helped reinforce such bullish expectations. Crude oil rallied 3%, lifting energy stocks in the process. Stocks were also helped by positive employment data in the US. Last Friday's non-farm payroll data not only gave risk a boost, but also swung momentum back in favour of those calling for another US rate hike by the end of the year. US 10- year Treasury yields held at Friday's levels, the highest seen since April. Elsewhere, yields in Europe saw a drop with Spain's 10-year note making the news as it traded below 1% for the first time ever. In the currency space, the yen gave back some ground to its peers and sterling posted its worst losing streak (versus the dollar) since the Brexit vote. In a testament to the increased risk sentiment, AUD/JPY rose by almost 1.5% on Monday. The Aussie dollar is often seen as a proxy to investors' risk appetite, while the yen is a gauge of exactly the opposite. M&A seems to always make the news these days – Wal-Mart is the latest company to bring money to the table as it acquired Jet.com for $3 billion in cash and $300 million in shares. In a bid to take a bigger slice of the pie so far dominated by Amazon, Wal-Mart's latest acquisition gives it access to a website which processes 25,000 average daily orders, and which is adding 400,000 users every month. Jet.com grossed $1 billion in sales in just over a year. And in the second such incident in a month, a power outage completely knocked out Delta Airlines' systems, leaving tens of thousands of passengers stranded. Systems were eventually restored, albeit in a "limited" manner, enabling some commuters to continue their journeys. More than 350 flights were cancelled on Monday, and that number might increase. The news comes on the back of a similar failure in July which caused the cancellation of more than 2,300 flights by Southwest Airlines Co. I was looking forward to using the words 'nose dive' but shares in Delta Airlines Inc were only modestly down by 0.58%. This article was issued by Andrew Martinelli, Trader at Calamatta Cuschieri. For more information visit, www.cc.com.mt. The information, views and opinions provided in this article are 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 warrants neither the accuracy nor the veracity of any information, views or opinions appearing on this website. Bitcoin users must pay for losses after cyber attack People who stored bitcoins at a popular exchange have been told they will lose 36% of their assets following a cyber-attack. Hong Kong-based Bitfinex, where many users had stored the virtual currency to be used in transactions, said it lost up to $65 million in an attack. The loss caused the price of Bitcoin to drop about 20%, and it still hasn't fully recovered to pre-hack levels. The impact of the loss will now be shared across the site's users. One Bitcoin expert said the move to "socialise" losses had serious implications for digital currencies. "Anyone who holds any asset at any exchange realises they're part of the insurance plan for others," said Emin Gun Sirer at Cornell University. In a statement on its website, Bitfinex said "we have decided to generalise losses across all accounts. "Upon logging into the platform, customers will see that they have experienced a generalised loss percentage of 36.067%." More details of how this figure was reached would be published in the future, the firm added. Customers were also told that they would receive a "BFX token" equal to their personal losses. These tokens will eventually be exchanged either for repayment by Bitfinex or for shares in its parent company iFinex Inc. Bitfinex has said that a total of 119,756 bitcoins were taken by hackers. In May 2015, 1,500 bitcoins were stolen in a previous attack on the exchange. It is not the first exchange to have suffered. Many users lost large caches of Bitcoin after they disappeared from the Mt Gox exchange, which then declared bankruptcy in 2014. Following the news that Bitfinex had suffered a substantial loss of bitcoins, the price of the cryptocurrency fell by more than 20% – though it has since rebounded slightly. While Bitfinex justified their decision by saying that this type of shared loss is similar to what would happen if the company had to go through a bankruptcy liquidation, it is unprecedented for an established financial institution to share losses amongst customers, especially when only one "currency" was compromised. In terms of how the attack happened, the company has not yet given any explanation except that multi-signature accounts were somehow compromised. Users can log in to the site now to check their balances, but the site is still in read-only mode, meaning users can't trade, deposit, or withdraw coins.