Issue link: https://maltatoday.uberflip.com/i/740013
maltatoday, WEDNESDAY, 19 OCTOBER 2016 12 Regular market closed – 18/10/2016 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ● BOV 27,016 61,883.47 6 2.292 2.290 2.291 2.290 0.000 ● FIM 1,000 880.00 1 0.880 0.880 0.880 0.880 0.000 ● GHM 1,000 869.00 1 0.869 0.869 0.869 0.869 0.000 ▲ HSB 33,265 58,466.05 8 1.770 1.749 1.749 1.770 0.070 ▲ IHI 6,225 4,103.48 3 0.660 0.659 0.660 0.659 0.044 ▲ LOM 1,200 2,568.00 1 2.140 2.140 2.140 2.140 0.040 ● MDS 8,158 12,237.00 2 1.500 1.500 1.500 1.500 0.000 ▼ MIA 2,250 9,425.25 2 4.189 4.189 4.189 4.189 -0.001 ▼ MLT 79,860 67,956.00 3 0.855 0.850 0.855 0.850 -0.008 ▲ MPC 2,000 1,140.00 1 0.570 0.570 0.570 0.570 0.004 ▲ MTP 1,704 3,152.40 2 1.850 1.850 1.850 1.850 0.049 ▼ PZC 7,700 8,497.00 2 1.110 1.100 1.110 1.100 -0.030 ▲ RS2 800 1,240.00 1 1.550 1.550 1.550 1.550 0.020 ▼ G16B 66,854 67,174.90 1 100.480 100.480 100.480 100.480 -0.040 ▼ G18A 31,214 35,434.13 1 113.520 113.520 113.520 113.520 -0.020 ▲ G20A 29,718 35,243.77 3 118.620 118.540 118.540 118.620 0.080 ▲ G21A 15,141 18,656.74 1 123.220 123.220 123.220 123.220 0.070 ▲ G22A 28,037 35,879.06 4 127.980 127.870 127.870 127.980 0.110 ▲ G22B 36,000 44,103.60 4 122.510 122.510 122.510 122.510 0.100 ▲ G23A 13,396 17,943.30 3 134.000 133.860 133.860 134.000 0.140 ▲ G28A 5,000 7,105.50 1 142.110 142.110 142.110 142.110 0.380 ▲ G28B 76,700 106,628.34 6 139.020 139.020 139.020 139.020 0.370 ▲ G29A 16,000 23,710.40 2 148.190 148.190 148.190 148.190 0.410 ▲ G29B 36,000 41,158.90 3 114.390 114.040 114.040 114.390 0.350 ▲ G30A 57,500 87,291.80 5 151.840 151.570 151.570 151.840 0.440 ▲ G31A 72,500 111,650.00 4 154.000 154.000 154.000 154.000 0.500 ▲ G32A 42,500 62,523.75 5 147.150 147.000 147.000 147.150 0.780 ▲ G32B 52,500 75,909.75 4 144.590 144.590 144.590 144.590 0.860 ▼ G33A 4,000 5,685.60 2 142.140 142.140 142.140 142.140 -0.570 ▼ G34A 35,000 48,485.50 2 138.530 138.530 138.530 138.530 -1.540 ▲ G36A 109,000 120,013.00 8 110.150 110.000 110.000 110.150 0.840 ▲ G40A 410,300 492,359.86 22 120.020 119.500 119.500 120.020 0.580 ● G41AA 1,365,800 1,493,574.09 35 109.500 108.520 109.000 109.000 0.000 ▲ AX24A 14,200 16,262.80 2 114.600 114.500 114.500 114.600 0.100 ▲ BV19A 19,700 20,667.39 5 105.200 103.990 103.990 105.200 0.010 ● BV30B 25,000 24,492.00 3 98.000 97.800 97.800 98.000 0.000 ▼ HB18A 8,800 9,328.88 2 106.010 106.010 106.010 106.010 -0.200 ▲ HM24A 5,000 5,180.00 1 103.600 103.600 103.600 103.600 0.000 ▲ HP25A 5,000 5,246.00 3 105.000 104.900 104.900 105.000 0.000 ▼ IH25A 5,300 5,509.68 4 104.000 103.950 104.000 103.980 -4.030 ▲ IH26A 28,900 29,549.20 7 102.400 101.800 102.400 102.300 1.800 ● MB19A 25,000 28,250.00 1 113.000 113.000 113.000 113.000 0.000 ● MB24A 25,000 25,767.20 2 103.500 103.010 103.500 103.010 0.000 ▼ MD26A 23,500 24,216.00 3 103.500 103.000 103.500 103.000 -0.730 ▼ MF24A 6,000 6,258.60 1 104.310 104.310 104.310 104.310 -0.690 ● MI21A 68,900 68,900.00 5 100.000 100.000 100.000 100.000 0.000 ▲ MS26B 22,000 23,430.00 1 106.500 106.500 106.500 106.500 0.500 ● PC20A 5,000 5,100.50 2 102.010 102.010 102.010 102.010 0.000 Market Summary as at October 18, 2016 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 191 Volume Traded ................................................................. 2,962,638 Value of € denominated securities .................................... 3,436,797.8 Value of US$ denominated securities ................................ 24,310.00 Value of GBP£ denominated securities .............................. 0.00 Current Index ................................................................... 4,498.630 Previous Index ................................................................. 4,435.045 Change in Index (%) ......................................................... 1.434% 6pm Holdings plc ......................... 0.800 0.00% MaltaPost plc ................................. 1.850 2.72% Bank of Valletta plc ....................... 2.290 0.00% Medserv plc .................................. 1.500 0.00% FIMBank plc ................................. 0.880 0.00% Mapfre Middlesea plc .................... 2.070 0.00% GlobalCapital plc ........................... 0.490 0.00% MIDI plc ........................................ 0.325 0.00% GO plc ........................................... 3.150 0.00% Plaza Centres plc ........................... 1.100 -2.65% Grand Harbour Marina plc ............. 0.869 0.00% RS2 Software plc............................ 1.550 1.31% HSBC Bank Malta plc ..................... 1.770 4.12% Simonds Farsons Cisk plc ............... 7.000 0.00% International Hotel Investments plc 0.659 7.15% Tigné Mall plc ................................ 1.080 0.00% Island Hotels Group Holdings plc .. 1.101 0.00% Pefaco International plc ................. 2.240 0.00% Lombard Bank Malta plc ................ 2.140 1.90% Santumas Shareholdings plc ........ 2.350 0.00% Malita Investments plc .................. 0.850 -0.93% Malta Properties Company plc ....... 0.570 0.71% Malta International Airport pl ......... c 4.189 -0.02% MSE Index Business Today Central banks dominate market sentiment Money Market Report for the week ending October 14, 2016 ECB Monetary Operations On Monday, October 10, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, October 11, and attracted bids from euro area eligible counterparties of €32.89 billion, €1.48 billion lower 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, October 12, 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 $0.18 billion, which was allotted in full at a fixed rate of 0.91%. Domestic Treasury Bill Market In the domestic primary market for Treasury bills, the Treasury invited tenders for 28-day maturing on November 10, 2016. Bids of €45.00 million were submitted for the 28-day bills, with the Treasury accepting €4.00 million. Since €15.00 million worth of bills matured during the week, the outstanding balance of Treasury bills decreased by €11.00 million, to stand at €250.75 million. The yield from the 28-day bill auction was -0.391%, down by 0.1 basis points from bids with a similar tenor issued on October 6, 2016, representing a bid price of 100.0304 per 100 nominal. During the week under review, there was no trading on the Malta Stock Exchange. On Tuesday the Treasury invited tenders for 28-day and 91-day bills maturing on November 17, 2016 and January 19, 2017, respectively. European markets were under the weather on Monday as central banks came to dominate market sentiment European markets were under the weather on Monday as central banks came to dominate market sentiment. Markets are looking ahead to the European Central Bank (ECB) mon- etary policy meeting. Contributing to the sour mood are weak company reports from heavyweight compa- nies such as the British multinational publishing and education company Pearson – down 8.41% and Norwe- gian Seafood Marine Harvest – down 4.45% weighed on the market. Pearson warned of tough trading conditions although cost cuts enabled it to reach its year outlook, whilst Marine had to cut its 2016 output expectations. However, the Italian banking sector rose, buoyed by a series of merger activities. UniCredit confirmed it was in talks to sell its stake in Bank Pekao, and shareholders approved the merger between Banco Popolare and Banca Popolare di Milano. The European Central Bank slowed the pace of its weekly corporate bond purchases to €1.835 billion bought last week, from €2.24 billion at the start of this month. This data comes amid recent rumours that the ECB is planning to taper its quantitative easing programme, even though Mr Draghi may deny these speculations at the monetary policy meeting this Thursday. Keeping our focus on central banks, British government bonds showed a decrease in yields after the Bank of England released results of its latest report on asset purchases. The bank bought £1.17 billion in short-dated gilts with maturity three to seven years with a cover ratio of 3.05, which is down from 4.11 in the previous week. After reaching a high of 1.22%, on the back of a weaker pound and rising inflation expectations, the yield on 10-year government bonds slowed down to 1.12%. Energy prices traded in the red as markets remained fearful of the crude market oversupply since there are renewed doubts over how much OPEC's measures of cutting the output are effective. OPEC members had agreed on a new output freeze, due in November, in attempts to stabilise the energy market. Other news In the UK, gaming giants Ladbrokes and Gala Coral have mutually agreed to sell 359 betting shops to rival bookmakers in an attempt to meet requirements set by the regulator to approve their £2.3 billion merger to allow fair competition. The bookmaker Betfred will be getting 322 shops and another 37 shops to be acquired by Stan James. The news led Ladbrokes shares down by 1.10%. In the US, Bank of America, reported its first profit increase in three-quarters, beating expectations for another fall, as bond trading soared and expenses were down. Quarterly profit was at its highest in a decade before tax deductions. Earnings per share were up to 41 cents from 38 cents in the year 2015, foiling market expectations with a decline to 34 cents per share. Shares in the bank were little changed, they opened higher but gradually were trading flat. This article was issued by Rodrick Duca, 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 Investments Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.