Issue link: https://maltatoday.uberflip.com/i/786708
maltatoday, WEDNESDAY, 15 FEBRUARY 2017 12 Regular market closed –14/02/2017 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ▲ BOV 25,429 55,624.63 9 2.189 2.180 2.189 2.185 0.005 ▼ FIM 62,142 52,820.70 5 0.850 0.850 0.850 0.850 -0.040 ● GO 11,000 37,752.20 8 3.460 3.400 3.410 3.460 0.000 ▼ HSB 43,522 88,845.32 14 2.044 2.022 2.044 2.040 -0.004 ▲ IHI 60,789 39,320.35 5 0.650 0.645 0.645 0.650 0.009 ● LOM 20,000 44,800.00 1 2.240 2.240 2.240 2.240 0.000 ● MDI 369,400 121,914.50 7 0.335 0.330 0.335 0.330 0.000 ▲ MDS 25,000 40,000.00 1 1.600 1.600 1.600 1.600 0.001 ▲ MIA 7,060 28,935.93 4 4.150 4.080 4.080 4.150 0.080 ▼ MLT 12,000 9,618.21 2 0.810 0.801 0.810 0.801 -0.009 ▼ MPC 1,630 880.20 1 0.540 0.540 0.540 0.540 -0.019 ▼ RS2 66,150 113,727.51 13 1.745 1.700 1.730 1.730 -0.030 ● SFC 3,590 26,207.00 2 7.300 7.300 7.300 7.300 0.000 ● G17C 12,000 12,382.80 1 103.190 103.190 103.190 103.190 0.000 ▼ G19A 16,306 19,058.45 1 116.880 116.880 116.880 116.880 -0.020 ▼ G20A 21,200 24,827.92 2 117.140 117.110 117.110 117.140 -0.010 ▲ G20B 23,200 26,584.88 1 114.590 114.590 114.590 114.590 0.080 ▲ G21A 74,902 91,099.32 5 121.670 121.620 121.620 121.670 0.140 ▲ G22B 11,500 13,860.35 2 120.570 120.490 120.490 120.570 0.200 ▲ G23A 6,989 9,122.04 1 130.520 130.520 130.520 130.520 0.340 ▲ G28A 23,000 30,669.70 5 133.690 132.390 132.390 133.690 1.300 ▲ G28B 87,700 114,410.00 5 130.680 130.000 130.000 130.680 0.750 ▲ G29A 15,000 20,730.00 1 138.200 138.200 138.200 138.200 1.040 ▲ G29B 20,000 21,469.60 4 107.990 107.000 107.000 107.990 1.190 ▲ G30A 12,000 16,910.00 2 141.100 140.880 140.880 141.100 0.960 ▲ G31A 11,000 15,510.00 1 141.000 141.000 141.000 141.000 0.130 ▲ G32A 17,000 23,165.90 1 136.270 136.270 136.270 136.270 1.110 ▲ G32B 10,000 13,345.00 2 133.540 133.360 133.360 133.540 1.100 ▲ G33A 96,000 127,016.30 3 132.410 132.290 132.290 132.410 1.160 ▲ G34A 112,000 145,464.80 3 129.890 129.790 129.890 129.790 1.150 ▲ G36A 187,700 194,644.90 6 103.700 103.700 103.700 103.700 0.030 ▲ G39AA 443,700 434,416.10 42 98.010 97.500 98.000 98.000 0.500 ▲ G40A 211,700 236,232.51 9 111.970 111.500 111.500 111.970 1.410 ▼ G41A 363,200 368,130.22 16 101.750 100.980 101.750 100.980 -0.020 ▲ AX24A 6,600 7,494.30 3 113.550 113.550 113.550 113.550 0.050 ▲ BV30A 25,000 24,750.00 1 99.000 99.000 99.000 99.000 0.100 ▼ CB25A 7,000 7,350.00 1 105.000 105.000 105.000 105.000 -0.990 ▲ GC21A 10,000 9,999.00 1 99.990 99.990 99.990 99.990 0.490 ▲ GP23A 235,000 238,425.00 16 101.500 101.250 101.500 101.500 0.250 ▼ HB18A 35,500 37,556.40 2 105.800 105.790 105.790 105.800 -0.200 ▼ HM24A 49,300 51,261.20 3 104.000 103.400 104.000 103.400 -0.100 ● IB25A 14,000 14,525.00 1 103.750 103.750 103.750 103.750 0.000 ▼ IH21A 2,400 2,550.00 1 106.250 106.250 106.250 106.250 -2.150 ▲ IH26A 57,500 58,969.00 5 103.000 102.500 102.500 103.000 0.990 ● MD26A 4,200 4,378.50 2 104.250 104.250 104.250 104.250 0.000 ▼ MI21A 9,000 9,315.00 1 103.500 103.500 103.500 103.500 -0.200 ▼ PC26A 10,500 10,680.30 2 102.000 101.010 102.000 101.010 -0.990 ▲ PG20A 3,800 3,980.00 2 105.000 104.500 105.000 104.500 0.500 ● PG22A 14,000 15,575.00 3 111.250 111.250 111.250 111.250 -3.250 ▲ PT24A 60,000 62,987.00 4 105.000 104.500 104.500 105.000 0.500 Market Summary as at February 14, 2017 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 233 Volume Traded ................................................................. 3,027,609 Value of € denominated securities .................................... 3,126,472.34 Value of US$ denominated securities ................................ 52,820.70 Value of GBP£ denominated securities .............................. - Current Index ................................................................... 4711.97 Previous Index ................................................................. - Change in Index (%) ......................................................... - Bank of Valletta plc ........................ 2.180 -0.41% Medserv plc .................................. 1.599 0.00% FIMBank plc .................................. 0.890 0.00% Mapfre Middlesea plc .................... 2.220 0.00% GlobalCapital plc ........................... 0.410 0.00% MIDI plc ........................................ 0.330 0.00% GO plc ........................................... 3.460 0.87% Plaza Centres plc ........................... 1.100 0.00% Grand Harbour Marina plc ............. 0.899 0.00% RS2 Software plc............................ 1.760 -0.28% HSBC Bank Malta plc ..................... 2.044 -0.78% Simonds Farsons Cisk plc ............... 7.300 1.39% International Hotel Investments plc 0.641 -1.38% Tigné Mall plc ................................ 1.121 0.00% Lombard Bank Malta plc ................ 2.240 0.00% Pefaco International plc ................. 2.240 0.00% Malita Investments plc ................... 0.810 0.00% Santumas Shareholdings plc ......... 1.400 0.00% Malta International Airport plc ....... 4.070 0.94% Malta Properties Company plc ........ 0.559 1.27% MaltaPost plc ................................. 2.039 0.00% MSE Index Business Today Foreign direct investment up in fi rst two quarters of 2016 Yannick Pace During the first six months of 2016, foreign direct investment in Malta went up by €1.9 billion, equivalent to an increase of €455.6 million over the corresponding period in 2015, according the data issued by the National Statistics Office (NSO). Over the same period, direct investment flows abroad accounted for €2.5 billion, said the NSO, adding that this represents a marginal decline over the amount registered during the second quarter of 2015. According to the NSO, foreign direct investment is defined as investment in Malta where a foreign investor owns 10 or more of the shares belonging to an enterprise in Malta. On the other hand, it defines direct investment abroad as investment where a Maltese resident entity owns 10% or more of the shares of an enterprise in another economy. Foreign direct investment consists mainly of financial and insurance activities, with this category making up 95.6% of the investment. The largest increase over the same period in 2015 was registered in investment related to transportation, accommodation and real estate activities, while investment in information and communication decreased by the biggest margin. In June, the stock position of FDI amounted to €156.7 billion, an increase of €10 billion over the corresponding period the previous year. The stock position of direct investment abroad was €61.8 billion in June 2016, up by €676.0 million Market Commentary: Don't look down Hopes of an expansionary fiscal stance by the US government were strongly rekindled by President Donald Trump last week, setting the stage for a rally in stock markets which is – not unexpectedly – very pronounced in the US. The main stock indices hit new intraday highs on Monday, led by banks and indus- trial stocks. Renewed optimism about the American economy took hold after a few sessions which saw the mood dampened by worries over a possible protectionist trade war brought about by recent policy statements by the Trump administration. The S&P 500 exceeded combined market capitalization of $20 trillion for the first time in its history. Data compiled by Reuters indicates companies listed on the exchange to be on track of strong quarterly earnings growth, possibly the highest in more than two years. In the 'biggest gainers' space, Zeltiq Aesthetics surged after news that drugmaker Allergan is buying the company for around $2.5 billion. In per share terms, that's approximately a 14% premium over Zeltiq's close last Friday. Pretty good. Du Pont spinoff Chemours also racked up double-digit gains after settling personal injury lawsuits for amounts on the lower end of expectations. Parent Du Pont, which was expected to chip in for a small portion of the damages, said it would pay half of the charges, lowering the overall burden for Chemours. Car-tales Oil fell heavily on Monday, despite a report by the oil-producing and exporting cartel countries that its members were showing a high- degree of compliance with last year's deal to cut production. Deeper than expected cuts by Saudi Arabia took overall compliance to around 93%, but the cuts were offset by a higher US oil rig count. The latter stands at around 591 rigs – a 15-month high – as rigs which previously shutdown due to low prices have been lured back by the rise in prices. This article was issued by Andrew Martinelli, Trader at Calamatta Cuschieri. For more information visit, www.cc.com.mt. The information, view and opinions provided in this article is 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. The main stock indices hit new intraday highs on Monday, led by banks and industrial stocks