BOV shares up 5.3 percent
The MSE Equity Total Return Index was up 1.4% over the four-day trading week, closing at 7,709.719 points. A total of 16 stocks were active, 10 of which headed north, while only two closed in the opposite direction. A total weekly turnover of nearly €0.5 million was generated on 65 transactions.
In the banking sector, 13 trades for a total of 67,068 Bank of Valletta plc shares, locked in a weekly gain of 5.3%, to close at €0.895. As a result, the year-to-date equity loss was reduced to 0.6%.
No movement was noted in the APS Bank plc (APS) share price, having closed at €0.64 on 6 trades.
APS has announced that an Extraordinary General Meeting will be convened to approve an interim net dividend via capitalization of profits through the issuance of new, fully paid ordinary shares at par. The meeting will be held remotely on October 19, 2022.
Mapfre Middlesea plc shares gained 0.7% as 802 shares were traded. Shares closed the week at €1.53.
The best performing stock was Life Star Insurance plc, as a single trade of just 150 shares sent the share price up 125% to €0.45.
Malta International Airport plc (MIA) ended the week unchanged at €5.95, although it reached an intra-week high of €6 and touched a low of €5.85. MIA was the most liquid capital since 16 transactions involving 27,129 shares generated total turnover of €161,552.
Last Wednesday, MIA released traffic results for August. The company’s traditionally busiest month lived up to expectations, with passenger movements surpassing the 700,000 mark for the first time since 2019.
A total of 712,122 passengers passed through MIA in August, marking an 86.5% recovery in pre-pandemic traffic. This result was achieved thanks to an 84.2% recovery in seat capacity.
Seat load factor, measuring the occupancy of available seats on operated flights to and from Malta, reached a record high of 90.4%, translating into an increase of 2.4% compared to August 2019.
The main traffic drivers for the month were Italy, the UK, France, Germany and Spain, together accounting for 67% of passenger numbers in August.
In the IT services sector, 10 transactions involving 111,750 RS2 Software plc ordinary shares with a value of €153,052 were executed. The share price rose by 0.7% to €1.38.
A single trade of 1,000 shares of Harvest Technology plc sent the price up 3.2%, ending the week at €1.30.
Two contrasting sessions were canceled for BMIT Technologies plc which closed the week unchanged at €0.48. This is the result of three transactions involving a total of 18,450 shares.
Its parent company GO plc gained 2% as 960 shares changed hands in a single trade, to close at €3.10. Since the start of the year, shareholders’ equity has fallen by 7.7%.
Retail conglomerate PG plc added a further 0.9% to the previous week’s gain, hitting €2.22. Three trades worth €36,075 were executed.
By contrast, the share price of Simonds Farsons Cisk plc fell 2%, following three trades involving 898 shares. Equity ended the week at €7.60.
The worst performing stock was M&Z plc as two trades of 3,000 shares took the share price down 6% to €0.705.
In the property sector, Hili Properties plc traded 24,500 shares in a single trade, to close unchanged at €0.24.
International Hotel Investments plc recorded a 2.1% rise in its share price as a single trade of 732 shares lifted the price to the €0.735 level.
Similarly, 728 shares of Trident Estates plc traded in a single trade, adding 1.5% to the previous week’s gain. Equity ended the week at €1.40.
VBL plc was active twice on a total of 150,000 shares and closed €0.216 -1.9% higher.
Santumas Shareholdings plc has announced that the company’s annual general meeting will be held on October 28, 2022.
The MSE MGS Total Return Index fell 0.05% to 927.152 points. A total of 10 shows were active, with three won and five closed by the losing end. The 2.9% MGS 2032(VI)R tops the list of winners, as it closed 1.1% higher at €105.30. Conversely, the AMS 2035 (I) at 2.2% lost 6.2%, to close at 89.26.
The MSE Corporate Bonds Total Return Index gained 0.5% to 1,161.301 points. Out of 50 active shows, 19 saw gains while another 11 lost ground. The best performer was the 6% AX
Investments Plc €2024, as it closed up 3.5% at €105.01. In contrast, the 4% SP Finance plc € Secured 2029 traded down 2.3%, ending the week at €100.03.
On the Prospects MTF market, only one issue was active. The 5% The Convenience Shop Holding plc Unsecured Callable € 2026-2029 generated total revenue of €4,318, closing at €100.43.
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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