Issue link: https://maltatoday.uberflip.com/i/771708
maltatoday, WEDNESDAY, 11 JANUARY 2017 12 Regular market closed –10/1/2017 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change t BOV 34,007 77,274.04 12 2.273 2.270 2.273 2.270 -0.005 s GO 9,775 32,036.93 4 3.300 3.260 3.275 3.300 0.020 l HSB 8,412 16,360.19 4 1.945 1.944 1.945 1.945 0.000 l IHI 3,000 1,861.00 2 0.621 0.620 0.621 0.620 0.000 s MIA 5,650 23,135.00 3 4.100 4.070 4.070 4.100 0.050 s MLT 15,500 13,284.59 2 0.858 0.857 0.857 0.858 0.001 l MMS 500 1,125.00 1 2.250 2.250 2.250 2.250 0.000 t MPC 1,130 648.83 2 0.580 0.571 0.580 0.571 -0.009 t MTP 6,400 13,179.70 2 2.060 2.059 2.059 2.060 -0.020 t PZC 2,500 2,650.00 1 1.060 1.060 1.060 1.060 -0.020 s TML 6,350 7,493.00 1 1.180 1.180 1.180 1.180 0.040 s G22B 11,000 13,353.30 3 121.430 121.350 121.350 121.430 0.310 s G28A 9,500 12,962.75 1 136.450 136.450 136.450 136.450 0.260 s G28B 36,000 47,969.60 3 133.410 133.120 133.120 133.410 0.400 t G29B 80,000 87,384.00 3 109.230 109.230 109.230 109.230 -0.480 s G30A 64,700 93,291.00 3 144.370 144.000 144.000 144.370 0.830 s G31A 18,000 26,182.80 2 145.460 145.460 145.460 145.460 0.490 s G32A 7,600 10,613.40 2 139.650 139.650 139.650 139.650 0.520 s G32B 67,000 91,508.00 3 136.850 136.520 136.520 136.850 0.510 s G33A 50,000 67,845.00 1 135.690 135.690 135.690 135.690 0.440 s G34A 27,200 36,155.84 2 132.940 132.820 132.820 132.940 0.120 s G36A 155,200 163,677.52 5 105.620 105.160 105.160 105.620 0.620 l G39AA 9,500 9,571.25 1 100.750 100.750 100.750 100.750 0.000 s G40A 31,900 36,215.86 3 113.740 113.140 113.140 113.740 0.700 s HM24A 25,000 25,875.00 1 103.500 103.500 103.500 103.500 0.500 t IG19A 28,600 28,570.70 3 100.000 99.200 99.990 99.200 -2.800 t IH20A 59,300 59,183.40 2 100.000 99.800 100.000 99.800 -0.200 t IH25A 5,600 6,122.56 3 109.850 105.010 109.850 105.010 -4.890 t IH26A 7,600 7,729.20 3 101.700 101.700 101.700 101.700 -0.300 l MD26A 27,200 28,560.00 5 105.000 105.000 105.000 105.000 0.000 l PT24A 40,000 42,000.00 3 105.000 105.000 105.000 105.000 0.000 Market Summary as at January 10, 2017 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 86 Volume Traded ................................................................. 854,124 Value of € denominated securities .................................... 1,083,819.46 Value of US$ denominated securities ................................ 0.00 Value of GBP£ denominated securities .............................. 0.00 Current Index ................................................................... - Previous Index ................................................................. - Change in Index (%) ......................................................... - 6pm Holdings plc .......................... 0.800 0.00% MaltaPost plc ................................. 2.080 0.00% Bank of Valletta plc ........................ 2.275 0.66% Medserv plc .................................. 1.610 0.00% FIMBank plc .................................. 0.900 0.00% Mapfre Middlesea plc .................... 2.250 0.00% GlobalCapital plc ........................... 0.410 0.00% MIDI plc ........................................ 0.350 0.00% GO plc ........................................... 3.280 0.00% Plaza Centres plc ........................... 1.080 0.00% Grand Harbour Marina plc ............. 0.899 0.00% RS2 Software plc............................ 1.814 -1.31% HSBC Bank Malta plc ..................... 1.945 -0.26% Simonds Farsons Cisk plc ............... 7.050 0.71% International Hotel Investments plc 0.620 0.00% Tigné Mall plc ................................ 1.140 -4.20% Island Hotels Group Holdings plc ... 1.101 0.00% Pefaco International plc ................. 2.240 0.00% Lombard Bank Malta plc ................ 2.300 0.00% Santumas Shareholdings plc ......... 1.260 0.00% Malita Investments plc ................... 0.860 0.00% Malta Properties Company plc ........ 0.580 0.00% Malta International Airport plc ....... 4.050 0.00% MSE Index Business Today Toyota plans to invest $10 billion in US following Trump tweet Market Commentary: Move along, nothing to see here Japanese car giant Toyota an- nounced it will invest $10 billion in the US over the next five years - the latest car giant to announce major investments. The firm's North America chief executive, Jim Lentz, announced the decision at the Detroit motor show. He said it had nothing to do with President-elect Donald Trump's hostility to imported cars, but was part of its existing strategy. Toyota's announcement comes after a tweet by Trump. "Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax," Trump tweeted. Trump has threatened to tax firms that make cars in Mexico for the US market. But Lentz said the company would be investing billions on a new headquarters in Texas and upgrades to existing US car plants. Earlier, BMW reiterated that it was "absolutely" committed to a new plant in Mexico, despite Trump's opposition to such policies. BMW is spending $1 billion on a plant in Mexico, while other firms are investing in the US or moving production back. On Sunday, Fiat Chrysler Automobiles (FCA) announced a $1 billion plan to produce three Jeep models in the US. FCA will also move the production of a Ram pickup truck from Mexico to the US. Last week, Trump criticised General Motors for building cars in Mexico for the US market. "General Motors is sending Mexican-made model of Chevy Cruze to US car dealers tax-free across border. Make in USA or pay big border tax!" he tweeted. He also threatened Toyota with a border tax if it went ahead with a new plant in Mexico. On Monday, Lentz said Toyota had been planning for the Mexico plant for at least two years before announcing the move in 2015 and that it was a long-term decision. Last week Ford cancelled a $1.6 billion plan to build a plant in Mexico and instead decided to expand operations in Michigan. Ford boss Mark Fields said the decision was partly due to falling sales of small cars and partly a "vote of confidence" in Trump's policies. On Sunday, FCA said it would invest in a plant in Michigan, so that it can produce two new Jeep sports utility vehicles (SUVs) and take on the production of a Ram truck, currently made in Mexico. Also, an Ohio plant will be retooled to make a new Jeep pickup truck. As a result, FCA says that 2,000 jobs will be created. Its announcement was the second phase of a plan, first outlined in January, to expand in the market for pickup trucks and SUVs. Stock markets started off the week slightly on the back foot, prices in sovereign bonds rose and oil slid sig- nificantly as we kicked off the first full week of the New Year. I am struggling to describe the action as anything but 'more of the same' right now. Markets up, markets down, markets mixed… Some chunkier bits of news have hit the wires today but we are still far off from establishing any sort of trend in 2017. That's not too surprising given the strong rally we had over the year end. Trump's presidential victory, the promise of stimulus, the Fed's cautious hawkishness, better data from Europe… The market may just be taking a breather. First on the agenda – Trump's inauguration. What do we know so far? Meryl Streep probably isn't on the guest list. Anything else? Not really, we'll just have to wait and see if the 45th President of the United States lives up to his promise of (somewhat priced in) stimulus. Brexit turns hard, again In the first significant piece of news so far this year, Theresa May has underscored that the UK is headed – in all probability – for a 'hard' Brexit, giving up access to the single market in favour of total control over immigration and ending the European Court of Justice's remit across the Channel. "Often people talk in terms as if we are leaving the EU but we still want to keep bits of membership of the EU. We're leaving, we're coming out," she said. Probably the strongest statement yet by the UK's Prime Minister about the country's intentions, and words which the currency market was quick to catch upon. Sterling hit multi-week lows against its major peers. One Euro now buys 87 pence, and you need less than $1.22 to buy one Great Britain Pound. This article was issued by Andrew Martinelli, Investment Manager at Calamatta Cuschieri. For more information visit, www.cc.com.mt. Toyota promised to increase US trade defict by $10 billion in response to Donald Trump's tweet Theresa May has underscored that the UK is headed – in all probability – for a 'hard' Brexit