Issue link: https://maltatoday.uberflip.com/i/959046
maltatoday WEDNESDAY 28 MARCH 2018 12 Business Today Market Summary as at 27/03/2018 Equity Official List Session State ................................................................... Market Closed Number of trades ........................................................... 99 Volume Traded ................................................................. 1,195,991 Value of € denominated securities .................................... 1,528,056.87 Value of US$ denominated securities ................................ 0.00 Value of GBP£ denomi nated securities .............................. 0.00 Current Index ................................................................... - Previous Index ................................................................. - Change in Index (%) ......................................................... - Bank of Valletta plc ........................ 1.860 -1.85% Mapfre Middlesea plc .................... 2.000 0.00% FIMBank plc .................................. 0.605 0.00% MIDI plc ........................................ 0.350 1.16% GlobalCapital plc ........................... 0.350 0.00% Plaza Centres plc ........................... 1.040 0.00% GO plc ........................................... 3.600 0.00% RS2 Software plc............................ 1.480 0.00% Grand Harbour Marina plc ............. 0.730 0.00% Simonds Farsons Cisk plc ............... 7.000 0.00% HSBC Bank Malta plc ..................... 1.860 0.54% Tigné Mall plc ................................ 0.950 0.00% International Hotel Investments plc 0.620 0.00% Pefaco International plc ................. 2.240 0.00% Lombard Bank Malta plc ................ 2.400 0.00% Santumas Shareholdings plc ......... 1.500 0.00% Malita Investments plc ................... 0.820 0.00% Malta Properties Company plc ........ 0.480 0.00% Malta International Airport plc ....... 4.900 0.00% PG plc ........................................... 1.380 0.00% MaltaPost plc ................................. 1.900 0.00% Trident Estates plc ......................... 1.900 2.70% Medserv plc .................................. 1.100 -3.51% MSE Index Regular market closed –27/03/2018 Symbol Code Volume Traded Value Traded Trades High Price Low Price Open Price Close Price Change ▼ BOV 11,959 22,365.24 6 1.895 1.860 1.895 1.860 -0.035 ● GO 16,005 57,569.60 5 3.600 3.580 3.600 3.600 0.000 ▲ HSB 2,470 4,594.20 1 1.860 1.860 1.860 1.860 0.010 ▲ MDI 65,042 22,764.70 4 0.350 0.350 0.350 0.350 0.004 ▼ MDS 12,183 13,578.30 2 1.120 1.100 1.120 1.100 -0.040 ● MIA 19,761 96,828.90 5 4.900 4.900 4.900 4.900 0.000 ● SFC 5,600 39,200.00 4 7.000 7.000 7.000 7.000 0.000 ▲ TRI 10,500 19,801.20 4 1.900 1.850 1.850 1.900 0.050 ▼ G22B 42,500 49,784.50 2 117.140 117.140 117.140 117.140 -0.010 ▲ G23A 37,271 47,287.58 3 126.880 126.800 126.880 126.800 0.120 ▲ G28A 14,000 18,823.00 4 134.450 134.450 134.450 134.450 0.810 ▲ G28B 104,000 136,903.60 5 131.690 131.590 131.690 131.590 0.130 ▼ G29A 150,000 208,520.00 3 139.080 138.980 139.080 138.980 -0.230 ▼ G29B 50,000 54,620.00 1 109.240 109.240 109.240 109.240 -0.100 ● G31A 35,000 49,945.00 1 142.700 142.700 142.700 142.700 0.000 ▼ G32A 9,000 12,267.90 1 136.310 136.310 136.310 136.310 -0.410 ▼ G32B 50,000 66,775.00 1 133.550 133.550 133.550 133.550 -0.220 ▼ G34A 2,000 2,629.40 1 131.470 131.470 131.470 131.470 -0.350 ▼ G35A 12,000 12,546.00 1 104.550 104.550 104.550 104.550 -0.210 ▼ G36A 60,000 65,396.00 2 109.010 108.910 109.010 108.910 -0.520 ▼ G39A 98,000 100,117.60 11 102.380 101.740 102.380 101.740 -0.510 ▼ G40A 117,700 139,739.19 3 118.770 118.470 118.470 118.770 -0.250 ▼ G41A 74,000 79,930.80 6 108.200 107.920 107.920 107.920 -0.580 ▼ AX24A 13,800 15,297.80 3 111.200 110.000 111.000 110.000 -2.000 ▲ CF26A 45,400 47,226.96 3 104.100 103.990 103.990 104.100 0.110 ▲ GH27A 2,000 2,095.00 1 104.750 104.750 104.750 104.750 0.240 ● IB25A 8,000 8,360.00 1 104.500 104.500 104.500 104.500 0.000 ● IH23A 5,000 5,302.50 1 106.050 106.050 106.050 106.050 0.000 ● IH24A 3,500 3,762.50 1 107.500 107.500 107.500 107.500 0.000 ● IH25A 24,300 26,438.40 3 108.800 108.800 108.800 108.800 0.000 ● IH26A 20,000 20,800.00 1 104.000 104.000 104.000 104.000 0.000 ▼ MD26A 20,000 20,796.00 1 103.980 103.980 103.980 103.980 -0.020 ▲ PC26A 10,000 10,292.00 2 102.990 102.850 102.850 102.990 0.340 ● PG20A 5,000 5,298.00 1 105.960 105.960 105.960 105.960 0.000 ▼ ST27A 10,000 10,400.00 2 104.000 104.000 104.000 104.000 -0.250 ● VH24A 30,000 30,000.00 3 100.000 100.000 100.000 100.000 0.000 Lasting economic success discussed at Malta Chamber AGM "The country's present buoyant economy is threatened by two critical factors". Addressing the Malta Chamber's Annual General Meeting yesterday, President Frank V Farrugia ex- plained that these factors were represented by labour market challenges as well as prevent- ing and overcoming the con- stant occurrences of incidents that tarnish Malta's reputation. International credit rating agencies and offi cial statistics continue to confi rm the healthy economic situation of our country at broad level and across most business sectors. Likewise, members give the Chamber generally positive feedback about their economic prospects. Nevertheless, the country must ensure that it does not take success for granted. The international situation is ever volatile and the country must remain nimble and effi cient to respond to internal and/external shocks. Meanwhile, ever increasing competitive pressures at a global level are constantly squeezing profi t margins to the extent that Malta-based export companies are forced to increase output and turnover to maintain a constant bottom- line. Nevertheless, expanding output necessitates an increase in resources – primarily human. The scarcity of skilled human resources across the whole spectrum of employment categories is currently the principal challenge facing business. Labour market challenges To this end, the Chamber has been proposing a number of urgent interventions in the labour market, including an implementation of a night-shift measure which already operates successfully in Belgium. This scheme reduces the cost of night and shift labour through a national insurance discount mechanism for companies in all industries. The Chamber is also proposing the setting up of other fast-track processing schemes for Visa and work permit procedures for skilled Third Country Nationals on the lines of the Key Employee Initiative. At the same time, it recommended the launch of a coordinated campaign targeted at foreigners promoting Malta as an attractive location for employment and family life. The Chamber further proposed a manpower survey in the public sector to identify possible areas of over- manning. This would be linked to a temporary scheme providing generous fi scal incentives to workers in the public service to shift to the private sector. Above all, the Chamber called for the freezing of any further measures that negatively impact the labour market by reducing effective working time for workers like additional days of leave for Public Holidays and extending parental leave. Reputational risks Malta must also address the constant incidences that intensify reputational risk to continued success in international business – particularly in terms of fi nancial services and yachting. In the light of the fact that Malta and its structures are fi rmly under the international spotlight, the Chamber continues to place particular emphasis on the need to avoid any instances which could be interpreted as slip-ups in issues of governance. Similarly, the country must enhance the general sense of discipline in the country and empower the relevant authorities to ensure that no one is to behave as though he/she is above the law. These measures are necessary to safeguard the country's economic future because this relies on Malta's reputation and credibility as a global centre of excellence in a number of lucrative sectors.