Issue link: https://maltatoday.uberflip.com/i/850837
maltatoday, WEDNESDAY, 19 JULY 2017 12 Regular market closed – 18/07/2017 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change l BOV 30,797 66,847.04 14 2.180 2.165 2.180 2.175 0.000 l GO 7,602 27,367.20 1 3.600 3.600 3.600 3.600 0.010 t HSB 2,125 4,358.17 3 2.052 2.050 2.052 2.050 -0.001 l IHI 154 95.48 1 0.620 0.620 0.620 0.620 0.000 l MIA 930 3,859.50 1 4.150 4.150 4.150 4.150 0.000 l PG 3,800 5,016.00 2 1.320 1.320 1.320 1.320 0.000 s RS2 12,800 23,439.91 6 1.850 1.820 1.820 1.850 0.011 s G22B 1,000,000 1,194,150.00 2 119.440 119.390 119.390 119.440 0.070 s G28A 4,600 6,153.42 1 133.770 133.770 133.770 133.770 0.570 s G30A 14,000 19,719.00 2 141.050 140.770 140.770 141.050 0.060 t G32A 59,300 81,227.29 2 137.030 136.680 137.030 136.680 -0.020 s G32B 50,000 66,970.00 2 133.940 133.940 133.940 133.940 0.100 s G33A 80,000 106,355.00 2 132.990 132.620 132.620 132.990 0.070 s G36A 130,300 136,565.19 3 105.030 104.730 104.730 105.030 0.460 s G39A 162,600 159,370.50 8 98.050 98.000 98.000 98.050 0.750 s G40A 132,400 149,513.11 13 113.340 112.190 112.190 113.340 1.140 s G41A 53,000 53,453.00 5 101.000 100.500 100.500 101.000 0.170 s BV20A 5,000 5,150.90 3 103.020 103.010 103.020 103.010 0.010 s BV30A 25,000 24,525.00 1 98.100 98.100 98.100 98.100 0.100 l EF27A 600 612.00 1 102.000 102.000 102.000 102.000 0.000 t GC21A 10,000 9,900.00 1 99.000 99.000 99.000 99.000 -0.990 s IG24A 1,000 1,070.00 1 107.000 107.000 107.000 107.000 0.010 t IH23A 21,000 21,892.50 1 104.250 104.250 104.250 104.250 -2.750 t IH25A 1,300 1,371.50 1 105.500 105.500 105.500 105.500 -0.500 l IH26B 15,000 15,310.00 3 102.100 102.000 102.100 102.000 0.000 l MD26A 12,000 12,361.20 1 103.010 103.010 103.010 103.010 0.000 l MI20A 2,500 2,575.00 1 103.000 103.000 103.000 103.000 0.000 t MI22A 18,500 19,061.20 4 103.100 103.000 103.100 103.000 -0.050 t MS23A 25,800 27,606.00 4 107.000 107.000 107.000 107.000 -2.900 l PG22A 51,700 56,353.00 3 109.000 109.000 109.000 109.000 0.000 s PT24A 14,000 14,158.48 3 101.490 101.000 101.000 101.490 0.240 t SD27A 20,000 20,598.00 2 102.990 102.990 102.990 102.990 -0.020 s TI27A 18,100 18,639.33 4 103.050 102.970 102.970 103.050 0.950 l VH24A 11,000 11,000.00 2 100.000 100.000 100.000 100.000 0.000 Market Summary as at 18/07/2017 Equity Official List Session State ................................................................... Market Closed Number of trades ............................................................. 104 Volume Traded ................................................................. 1,996,908 Value of € denominated securities .................................... 2,366,643.92 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 ........................ 2.175 0.00% Medserv plc .................................. 1.275 0.00% FIMBank plc .................................. 0.745 0.00% Mapfre Middlesea plc .................... 1.865 -0.27% GlobalCapital plc ........................... 0.340 0.00% MIDI plc ........................................ 0.315 1.61% GO plc ........................................... 3.590 0.59% Plaza Centres plc ........................... 1.149 0.00% Grand Harbour Marina plc ............. 0.895 0.00% RS2 Software plc............................ 1.839 -0.05% HSBC Bank Malta plc ..................... 2.051 -0.82% Simonds Farsons Cisk plc ............... 7.750 0.00% International Hotel Investments plc 0.620 3.33% Tigné Mall plc ................................ 0.970 -1.02% Lombard Bank Malta plc ................ 2.365 0.00% Pefaco International plc ................. 2.240 0.00% Malita Investments plc ................... 0.730 0.00% Santumas Shareholdings plc ......... 2.140 0.47% Malta International Airport plc ....... 4.150 0.00% Malta Properties Company plc ........ 0.529 3.73% MaltaPost plc ................................. 2.030 0.00% PG plc ........................................... 1.320 1.54% MSE Index Business Today Growing pains hold back Zalando in battle with Amazon German online fashion retailer Zalando stumbled in its break- neck expansion across Europe in the second quarter due to ca- pacity constraints at new ware- houses, sending its shares down 7 percent. Europe's biggest online-only fashion retailer needs to scale up quickly to compete with e-commerce giant Amazon but preliminary quarterly sales growth of 19-21 percent undershot the Berlin-based company's annual target. In a nod to Amazon's popular Prime service, Zalando on Tuesday announced its own membership scheme. For €19 per year, members will get faster delivery, pick-up of returns on demand and personal fashion advice. The "Zet" loyalty programme will start in four German cities. Co-chief executive Rubin Ritter said it will then be rolled out to other countries and Zalando hopes to sign up the most active third of its customers. Zalando has always offered free deliveries and returns and has been trialling free home pick- ups of returns since last year, driven by the belief that this will encourage customers to order more even if higher courier costs might squeeze profits. The company has said heavy investment would keep its earnings before interest and taxation (EBIT) margin this year to 5-6 percent, below original analyst expectations. Zalando, founded in 2008, now delivers 2,000 brands in 15 countries and is expanding deliveries from distribution centres in Germany and France. New warehouses in Poland and Sweden are set to come on stream later this year. Zalando said preliminary second-quarter sales were between 1.091 billion and 1.109 billion euros, compared with an average analyst forecast of 1.1 billion, according to Thomson Reuters SmartEstimates. That marks a slowdown from 23 percent growth in the previous quarter and 26 percent in the fourth quarter of 2016 and is below the 20 to 25 percent growth that Zalando aims to reach on an annual basis. Ritter told Reuters growth in the quarter was also dented by the timing of public holidays and Easter. Zalando shares, which had already taken a hit last month after Amazon launched its push into fashion, were down 7 percent at 0917 GMT, making them the biggest faller on the European retail index .SXRP. Ritter said the company aimed to meet the sales growth target in the full year as a whole. Britain's ASOS trades at a premium to Zalando as it is seen as better insulated from Amazon as it is more focussed on a target audience and sells more own- label clothes. Last week ASOS forecast sales growth for the full 2016-17 year at the upper end of its 30 to 35 percent guided range. Driving Growth Zalando last month set a target to double in size by 2020 as it announced new partnerships that underline its ambition to shift from just selling clothes and accessories to providing logistics, technology and marketing services to fashion brands. Ritter said "gross merchandise value", which includes the use of the Zalando site to sell stock owned by others, would become more relevant as a measure of the company's success over time and should grow faster than direct revenue. Adjusted earnings before interest and taxation (EBIT) were at 80 to 86 million euros, compared with average analyst forecasts for 85 million, to give a margin of 7.3 to 7.8 percent. Amazon last month launched a test programme called Prime Wardrobe to allow selected members of its shopping club to order three or more items without paying for them up front, with a week to decide which to keep. Amazon offers a limited home collection service in Britain but charges for each return. Luxury site Net-a-Porter offers a free home pick up service, but it can more easily absorb courier costs with an average order value of over 300 euros - five times that at Zalando. Local goes digital: Zalando and station- ary stores cooperate more closely