Bank stocks post gains on MSE
The MSE Equity Total Return Index (MSE) ended the week in the red, down 0.1% to end at 7,545.346 points.
Total weekly turnover was €0.5m, with 19 stocks active, of which seven gained and four fell.
The MSE MGS Total Return Index ended the week up 1.3% at 890.860 points.
Out of 17 active shows, 14 posted gains while two slipped.
The 3% MGS 2040 (I) gained 8.8%, to close at €98, ending the week as the best performer.
The AMS 2023 (I) at 5.5% suffered the biggest decline, as it fell 0.9%, to close at €101.25. The MSE Corporate Bonds Total Return Index fell 1.2%, ending the week at 1,116.235 points.
A total of 44 bonds were active, with 10 bonds advancing while 22 declined.
The 4.65% Smartcare Finance plc Secured €2032 was the best performer, gaining 2%, to close at €101.99.
In contrast, the 4% International Hotel Investments plc Unsecured €2026 suffered the biggest decline, as it fell 4.5%, to €95.
Top 10 engines on the market: BOV among the best performers of the week
HSBC Bank Malta plc shares gained 4.2% over the week to close at €0.75. Nine trades worth €42,873 were executed.
Bank of Valletta plc (BOV) was among the best performing stocks, as it posted a weekly gain of 1.7%.
The stock closed at €0.90, after trading at an intra-week low of €0.87. BOV was the most liquid capital, as 305,595 shares worth €273,421 were traded in 24 trades.
Lombard Bank Malta plc jumped 12.8%, to end the week as the best performing stock.
The bank’s shares closed at the price level of €1.10. Trading activity included 11 trades involving 21,860 shares.
LifeStar Insurance equity closes at €0.50
LifeStar Insurance plc followed suit, as two trades involving 7,500 shares pushed the share price up 11.1%.
Shares closed the week up €0.05 to €0.50.
Two trades for 23,209 MIDI plc shares added 3.7% to its share price, ending the week at €0.282. PG plc gained 1% as 1,897 shares changed hands in two trades. Since January, the company’s stock is down 11.7%, as it closed at €2.12.
The International Hotel Investments plc share price ended the week down 7.1% to €0.65.
Simonds Farsons Cisk plc fell 2.6%, erasing gains from last week. The company saw its shares fall to the price level of €7.50. Equity is down 22.3% since the start of the year.
Three transactions involving the exchange of 3,345 GO plc shares resulted in a 1.4% decline in the share price, with equity closing at €2.88.
Shares of MaltaPost plc fell 0.9% on low volumes in Wednesday’s session. Only one transaction worth €725 was recorded.
Equity closed at €1.10.
Company Announcements: GAP Group Submits MFSA Application Rather Than Bonds
The Board of GAP Group plc has announced that it has submitted an application to the Malta Financial Services Authority (MFSA) requesting listing eligibility for €23 million 4.75% Gap Group plc Secured Bonds 2025 -2027.
HSBC Bank Malta plc has announced its results for the nine-month period ended 30 September 2022. Reported profit before tax was €33.5 million, an increase of €8.3 million from compared to the same period last year.
Adjusted profit, which represents reported profit excluding significant items, amounted to 34.8 million euros compared to 28.6 million euros last year.
Significant items incurred in 2021 and 2022 mainly consist of provisions for restructuring and associated transformation costs.
The board of directors of Lombard Bank Malta plc has approved that the authorized share capital of the bank is €37,500,000 divided into 300,000,000 ordinary shares, while the issued and fully paid share capital of the bank is €11,340. €966.75 divided into 90,727,734 ordinary shares, both with a par value of €0.125 each.
LifeStar Holdings plc has announced that the board will convene a remote extraordinary general meeting on December 5.
MedservRegis plc announced that its subsidiary, Middle East Tubular Services (Iraq) Ltd (METS) has been awarded a three-year contract by Kuwait Energy Basra Limited (KEBL), being the contract area operator Block-9 located in Basra Governorate, southern Iraq.
This article, compiled by Jesmond Mizzi Financial Advisors Limited, does not intend to provide investment advice and its contents should not be construed as such.
The company is authorized to provide investment services by the MFSA and is a member of the Malta Stock Exchange and the Atlas Group. The directors or related persons, including the company, and their customers are likely to have an interest in the securities referred to in this article.
For more information, contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, tel. : 2122 4410, or send an e-mail to [email protected]
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