Issue link: https://maltatoday.uberflip.com/i/732282
maltatoday, WEDNESDAY, 28 SEPTEMBER 2016 12 Regular market closed – 27/9/2016 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ▲ BOV 6,024 13,614.24 4 2.260 2.260 2.260 2.260 0.007 ▼ FIM 68,702 61,831.80 2 0.900 0.900 0.900 0.900 -0.010 ▲ GO 6,954 22,016.76 5 3.200 3.160 3.160 3.200 0.030 ▼ HSB 7,510 12,207.10 5 1.635 1.620 1.635 1.620 -0.010 ▼ MDS 31,615 49,003.25 4 1.550 1.550 1.550 1.550 -0.001 ▲ MIA 97,260 413,565.19 12 4.260 4.230 4.230 4.260 0.020 ● MLT 8,000 6,960.00 1 0.870 0.870 0.870 0.870 0.000 ▲ MPC 51,200 28,522.00 6 0.560 0.540 0.540 0.560 0.029 ▼ PZC 40,000 44,000.00 2 1.100 1.100 1.100 1.100 -0.020 ▲ RS2 41,600 67,288.46 12 1.650 1.609 1.609 1.650 0.025 ▲ SFC 2,000 14,000.00 2 7.000 7.000 7.000 7.000 0.510 ▲ TML 118,000 124,545.00 4 1.065 1.035 1.035 1.065 0.025 ▼ G16B 780 785.93 1 100.760 100.760 100.760 100.760 -0.180 ▼ G18A 1,398 1,593.16 1 113.960 113.960 113.960 113.960 -0.030 ▼ G19A 2,330 2,776.66 1 119.170 119.170 119.170 119.170 -0.020 ▲ G21A 28,412 35,122.91 4 123.620 123.620 123.620 123.620 0.040 ▲ G22A 3,200 4,109.76 1 128.430 128.430 128.430 128.430 0.050 ▲ G28B 24,700 34,367.58 3 139.140 139.140 139.140 139.140 0.110 ▲ G29B 1,000 1,142.80 1 114.280 114.280 114.280 114.280 0.120 ▲ G30A 14,000 21,228.20 1 151.630 151.630 151.630 151.630 0.150 ▲ G31A 7,200 11,046.96 3 153.430 153.430 153.430 153.430 0.180 ▲ G32A 28,800 42,197.76 5 146.520 146.520 146.520 146.520 0.130 ▲ G32B 10,000 14,373.00 1 143.730 143.730 143.730 143.730 1.730 ▲ G33A 82,000 116,226.80 3 141.740 141.740 141.740 141.740 0.080 ▲ G34A 800 1,107.92 1 138.490 138.490 138.490 138.490 0.020 ● G36A 100,000 110,460.00 9 110.460 110.460 110.460 110.460 0.000 ▼ G40A 96,700 115,624.19 8 119.570 119.570 119.570 119.570 -0.030 ▲ G41AA 1,294,000 1,401,296.65 54 108.500 107.990 107.990 108.250 0.250 ● GF21A 7,000 7,168.70 1 102.410 102.410 102.410 102.410 0.000 ● IG24A 4,600 4,970.30 1 108.050 108.050 108.050 108.050 0.000 ▼ IH25A 5,000 5,400.00 2 108.000 108.000 108.000 108.000 -0.010 ● MB19A 50,000 56,500.00 2 113.000 113.000 113.000 113.000 0.000 ● MD18A 27,400 27,674.00 2 101.000 101.000 101.000 101.000 0.000 ▲ MD26A 49,600 51,450.57 8 103.940 102.850 102.850 103.750 1.750 ▲ PZ26A 100,000 104,000.00 2 104.000 104.000 104.000 104.000 0.500 Market Summary as at September 27, 2016 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 174 Volume Traded ................................................................. 2,417,785 Value of € denominated securities .................................... 2,966,345.85 Value of US$ denominated securities ................................ 61,831.80 Value of GBP£ denominated securities .............................. 0.00 Current Index ................................................................... 4,457.122 Previous Index ................................................................. 4,430.575 Change in Index (%) ......................................................... 0.599% 6pm Holdings plc ......................... 0.800 0.00% MaltaPost plc ................................. 1.880 0.00% Bank of Valletta plc ....................... 2.260 0.31% Medserv plc .................................. 1.550 -0.06% FIMBank plc .................................. 0.900 -1.10% Mapfre Middlesea plc .................... 2.070 0.00% GlobalCapital plc .......................... 0.490 0.00% MIDI plc ........................................ 0.349 0.00% GO plc .......................................... 3.200 0.95% Plaza Centres plc ........................... 1.100 -1.79% Grand Harbour Marina plc ............. 0.870 0.00% RS2 Software plc ........................... 1.650 1.54% HSBC Bank Malta plc ..................... 1.620 -0.61% Simonds Farsons Cisk plc .............. 7.000 7.86% International Hotel Investments plc 0.635 0.00% Tigné Mall plc ............................... 1.065 2.40% Island Hotels Group Holdings plc .. 1.101 0.00% Pefaco International plc ................ 2.240 0.00% Lombard Bank Malta plc ................ 2.200 0.00% Santumas Shareholdings plc ......... 2.350 0.00% Malita Investments plc .................. 0.870 0.00% Malta Properties Company plc ........ 0.560 5.46% Malta International Airport plc ....... 4.260 0.47% MSE Index Business Today Nominations open for MCA eBusiness Awards The Malta Communications Author- ity is receiving nominations for the sixth edition of the MCA eBusiness Awards 2016. Unlike in previous editions, submission of nominations is this year to be done through a dedicated website: http://ebusines- sawards.mca.org.mt. Completing a very simple online registration form will precede full access to the nomination form section. This year's edition of the awards has several new features, including a prestigious affiliation with a United Nations-sponsored award entitled the World Summit Awards (WSA). Such affiliation gives the possibility to any eligible solution to become nominated for one of the categories of the 2017 edition of the WSAs. As indicated above another first for this edition is the launch of a website dedicated exclusively to the awards – this website, besides facilitating the submission of nominations, also hosts a collection of photographic records and other information about all past editions – those interested are invited to spend some time browsing through. More information is obtainable from Marcelle Attard at marcelle.a.attard@mca.org.mt or call on 21336840. Deutsche Bank has been recently making the headlines for all the wrong reasons Deutsche Bank has been recently making the headlines for all the wrong reasons. A few weeks after a turnaround plan by new incom- ing CEO John Cryan seemed to be yielding results, the US Justice De- partment slapped Germany's larg- est lender with a fine of $14 billion (which the bank says it has no inten- tion of paying in full) for alleged fraudulent selling of complex mort- gage-backed securities (MBS) at the height of the financial crisis of 2008. The news would be bad enough under normal circumstances, but in an environment which – in Europe – does not seem to point to substantial growth, the reverberations were even greater. Additionally, if one considers the fact that Deutsche Bank set aside just over $6 billion for legal claims, it is not unreasonable that the bank may have to raise additional capital just to pay the fine. If that happens, other European credit institutions such as Credit Suisse, Royal Bank of Scotland and Barclays may also face larger-than- expected fines related to MBS sales. In the past weeks, rumours were swirling around of a merger with Commerzbank AG (Germany's second-biggest lender), and unnamed sources have quoted German Chancellor Angela Merkel saying the German government ruled out any state aid to Deutsche Bank due to the upcoming election. Official government spokesmen denied the remarks later during the day, but what is true is that Deutsche Bank's woes are weighing heavily on market sentiment. Back in June, the International Monetary Fund said the German bank – Europe's fourth-largest by assets – may be the biggest contributor to systemic risk among the world's largest financial companies. Investors seem to have picked up once again on the risks of owning Deutsche Bank at the current juncture – shares were down 7.5% to a new record low of €10.55 and its hybrid contingent- convertible (CoCo) bond fell to 73 cents to the Euro. Markets were not very happy about the developments, and heavy losses by financials dragged down all major European bourses. Unsurprisingly, the DAX got the worst of it, falling by almost 2.2%. Yields on US and German 10-year benchmark papers fell more than 3 basis points, matching levels seen earlier this month. US markets were also nursing heavy losses, as the first presidential debate kept most investors on the sidelines. One asset which did rally heavily was crude oil. In true yo-yo fashion, Saudi Arabia once again fanned the flames of a possible freeze or cut in output, after it had poured cold water over such a possibility on Friday. There is no official statement as yet, but expect some form of communication this week as OPEC and Russia are meeting in Algiers. Sanofi Gets a Boost Industry giant Sanofi also made yesterday's headlines albeit for a different reason. The French drugmaker released a statement saying it had been awarded $43 million in funding to accelerate the development of a Zika vaccine. An additional $130 million can be awarded for late-stage trials prior to approval if the initial feedback is positive. The contract, which runs till June 2022, was awarded to Sanofi by the – hold your breath – US Department of Health and Human Services' Biomedical Advanced Research and Development Authority. Shares were unable to rally and ended the day down by 1.26% at €67.59, but this is probably because of the negative overall sentiment in the market. 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 Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.