Issue link: https://maltatoday.uberflip.com/i/810144
maltatoday, WEDNESDAY, 12 APRIL 2017 12 Regular market closed –11/04/2017 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change l BOV 112,667 249,397.26 28 2.230 2.201 2.210 2.210 0.000 s GO 7,800 27,267.54 5 3.499 3.490 3.490 3.499 0.004 s HSB 1,650 3,443.55 1 2.087 2.087 2.087 2.087 0.007 l MDI 3,000 960.00 1 0.320 0.320 0.320 0.320 0.000 s MIA 13,224 55,512.42 7 4.200 4.151 4.199 4.200 0.095 t MLT 15,000 11,100.00 1 0.740 0.740 0.740 0.740 -0.010 s MTP 10,000 20,500.00 4 2.050 2.050 2.050 2.050 0.050 s RS2 13,000 21,415.41 3 1.650 1.640 1.640 1.650 0.010 t G18A 3,700 4,074.81 1 110.130 110.130 110.130 110.130 -0.120 t G20B 4,600 5,258.72 1 114.320 114.320 114.320 114.320 -0.020 s G21A 128,558 155,714.96 5 121.130 121.100 121.100 121.130 0.010 s G22A 10,203 12,782.32 3 125.280 125.280 125.280 125.280 0.030 l G22B 30,000 37,200.00 2 124.000 124.000 124.000 124.000 0.000 l G23A 18,635 24,355.95 1 130.700 130.700 130.700 130.700 0.000 s G28B 50,000 65,620.00 2 131.240 131.240 131.240 131.240 0.260 s G29A 1,000 1,392.00 1 139.200 139.200 139.200 139.200 0.210 s G29B 1,020,000 1,103,900.00 3 108.230 108.000 108.000 108.230 0.670 t G30A 21,800 30,890.60 1 141.700 141.700 141.700 141.700 -0.050 s G31A 20,000 28,662.00 1 143.310 143.310 143.310 143.310 0.290 s G33A 100,000 133,350.00 1 133.350 133.350 133.350 133.350 0.160 s G34A 27,500 36,025.00 2 131.000 131.000 131.000 131.000 0.310 s G36A 158,500 165,201.90 9 104.230 104.180 104.200 104.180 0.350 s G39A 76,100 73,758.99 6 97.000 96.750 96.750 96.940 0.330 s G40A 63,600 71,174.44 5 112.060 111.680 111.680 112.060 0.430 s G41A 85,000 85,159.25 6 100.200 100.150 100.190 100.150 0.370 s BV20A 700 749.00 1 107.000 107.000 107.000 107.000 3.000 l BV30A 30,000 29,700.00 1 99.000 99.000 99.000 99.000 0.000 t CB25A 5,000 5,080.80 2 102.000 101.520 102.000 101.520 -0.600 s GC21A 12,000 12,000.00 2 100.000 100.000 100.000 100.000 0.010 t GF21A 4,000 4,160.40 2 104.010 104.010 104.010 104.010 -0.750 l GP23A 19,000 19,380.00 2 102.000 102.000 102.000 102.000 0.000 s HP25A 17,200 17,793.55 6 104.250 102.550 103.200 104.250 0.260 s IB25A 10,000 10,400.00 1 104.000 104.000 104.000 104.000 0.400 t IH25A 9,200 9,854.62 3 109.900 105.020 109.900 105.020 -2.980 s IH26A 39,200 39,984.00 6 102.000 102.000 102.000 102.000 0.250 l MD26A 5,900 5,905.90 3 100.100 100.100 100.100 100.100 0.000 t MM26A 28,000 28,980.00 2 103.500 103.500 103.500 103.500 -0.500 t PC26A 51,700 52,199.19 5 101.000 100.500 100.980 100.500 -0.500 l PG20A 6,900 7,452.00 1 108.000 108.000 108.000 108.000 0.000 s PG22A 5,000 5,500.00 1 110.000 110.000 110.000 110.000 1.750 l PT24A 57,400 59,397.00 3 103.500 103.000 103.000 103.500 0.000 s SF20A 1,200 1,206.12 1 100.510 100.510 100.510 100.510 0.500 t VH24A 69,000 69,000.00 7 100.000 100.000 100.000 100.000 -0.500 Market Summary as at April 11, 2017 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 149 Volume Traded ................................................................. 2,366,937 Value of € denominated securities .................................... 2,802,859.70 Value of US$ denominated securities ................................ 0.00 Value of GBP£ denominated securities .............................. 0.00 Current Index ................................................................... - Previous Index ................................................................. - Change in Index (%) ......................................................... - Bank of Valletta plc ........................ 2.210 0.00% Medserv plc .................................. 1.515 0.00% FIMBank plc .................................. 0.810 0.00% Mapfre Middlesea plc .................... 2.190 0.00% GlobalCapital plc ........................... 0.340 0.00% MIDI plc ........................................ 0.320 0.00% GO plc ........................................... 3.495 0.11% Plaza Centres plc ........................... 1.025 0.00% Grand Harbour Marina plc ............. 0.897 0.00% RS2 Software plc............................ 1.640 0.61% HSBC Bank Malta plc ..................... 2.080 0.34% Simonds Farsons Cisk plc ............... 7.200 0.00% International Hotel Investments plc 0.642 0.00% Tigné Mall plc ................................ 1.062 0.00% Lombard Bank Malta plc ................ 2.499 0.00% Pefaco International plc ................. 2.240 0.00% Malita Investments plc ................... 0.750 -1.32% Santumas Shareholdings plc ......... 1.700 0.00% Malta International Airport plc ....... 4.105 2.37% Malta Properties Company plc ........ 0.522 0.00% MaltaPost plc ................................. 2.000 2.56% MSE Index Business Today Market Commentary: Week gets off to weak start The week got off to a mixed start on Monday, with major bourses sway- ing in and out of negative territory during the session, amid increased geopolitical risks and as investors digested the US missile attack in Syria last week. European markets started the day in the green, but were unable to hold onto those gains, and found themselves under pressure by afternoon trade. All major sectors closing marginally higher, despite falling indexes. Oil prices were up roughly 1% after a shutdown in a pipeline at Libya's biggest oilfield. Across the pond, US markets traded slightly higher benefiting from solid gains in oil which was supporting energy shares. Investors also looked ahead to the start of earnings season which could shed some light on any recent improvement in investor sentiment compared with the recent improvements in economic activity. Barclays in the spotlight Barclays have announced that its Chief Executive, Jes Stanley is being investigated by two UK regulators on behalf of his individual conduct when attempting to identify a whistleblower at the bank last year. The Financial Conduct Authority (FCA) as well as the Prudential Conduct Authority (PRA) have opened an investigation into both Stanley and Barclays actions when pursuing the author of a letter believed to have originated from a whistleblower. Shares in Barclays opened in the red on Monday, but later reversed loss to close in positive territory. Over in the US, financials were among the weakest sectors of the day, with Bank of America down 0.6% while Wells Fargo & Co lost 0.55%. Mergers in the pipeline German drug-maker Stada Arzneimittel announced it would support a joint takeover bid from private equity firms Cinven Group and Bain Capital. The two companies valued Stada at around €4.11 billion, and as a result, shares jumped 11%. Shares in Swift Transportation were also sailing in positive territory following news the trucking company plans a merger with Knight Transportation. The deal will be worth around $6 billion, and sent shares in both swift and Knight up 24% and 14% respectively. JD Sports full year profit soars JD Sports Fashion PLC reported a healthy 56% jump in fiscal 2017 adjusted pretax profit, and commented on how it is well positioned for further profitable growth, despite inflationary pressures arising from the UK's decision to leave the European Union. The company reported an increase in like-for-like store sales of 10%. They also declared a final dividend of 1.30 pence per share, giving a total payout of 1.55 pence for the fiscal year. Shares of JD Sports soared on this news on Tuesday morning. Disclaimer: This article was issued by Rebecca Naudi, 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. European markets started the day in the green, but were unable to hold onto those gains Money Market Report for the week ending 7 April ECB Monetary Operations On April 3, 2017, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on April 4, 2017, and attracted bids from euro area eligible counterparties of €13.17 billion, €1.58 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 April 5, 2017, 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 $0.05 billion, which was allotted in full at a fixed rate of 1.41%. Domestic Treasury Bill Market In the domestic primary market for Treasury bills, the Treasury invited tenders for 91-day and 182- day bills for settlement value April 6, 2017, maturing on July 6, and October 5, 2017, respectively. Bids of €35.00 million were submitted for the 91-day bills, with the Treasury accepting €10.00 million, while bids of €25.00 million were submitted for the 182-day bills, with the Treasury accepting €5.00 million. Since €15.00 million worth of bills matured during the week, the outstanding balance of Treasury bills remained unchanged at €225.20 million. The yield from the 91-day bill auction was -0.351%, down by 0.1 basis point from bids with a similar tenor issued on March 23, 2017, representing a bid price of €100.0888 per €100 nominal. The yield from the 182-day bill auction was -0.290%, also down by 0.1 basis point from bids with a similar tenor issued on March 23, 2017, representing a bid price of €100.1468 per €100 nominal. During the week under review, there was no trading on the Malta Stock Exchange. On Tuesday the Treasury invited tenders for 91-day bills maturing on July 13, 2017.