MSE Equity Total Return Index moved in line with most of its global counterparts, as the index closed 0.852 per cent in the red at 8,841.043 points.

Turnover levels spiked week-on-week, increasing from €1.18 million to €3.07 million, as activity was spread across 19 equities – of which only two increased and 12 declined.

In the banking industry Bank of Valletta plc started off with a negative note last Monday but managed to recover during the remainder of the week, having closed unchanged at €1.33.

Its peer, HSBC Bank Malta plc was the week’s best performer in the industry, as 10 transactions amounting to €48,589 managed to lift the price of the equity by 1.1 per cent, to close at €1.82.

In the same industry, FIMBank plc closed the week at $0.785, or 0.63 per cent lower – despite being rather volatile during intra-day trading last Monday and Friday, fluctuating between the $0.785 and $0.745 price levels.

Meanwhile, two trades amounting to 8,200 shares in Lombard Bank Malta plc left the equity’s price unchanged at €2.40.

Malta International Airport plc share price fell to an almost 11-week low, touching the €6.00 price level. A total turnover of €703,910 was generated over 20 transactions.

Last Thursday, the company announced that November traffic reached 453,563 passenger movements – registering an increase of 11.8 per cent over the same month last year.

Passenger movement peaked on November 4, which was the same day year-to-date traffic through Malta International Airport hit the six-million passenger mark, surpassing the record-breaking 6,014,548 passenger movements recorded between January and December last year.

The United Kingdom held on to the top spot, closely followed by Italy, Germany, France, and Spain, Malta International Airport’s top five markets remained unchanged.

Insurance firm, Mapfre Middlesea plc shares were down one per cent, to close at €1.96. A total of four transactions saw 20,056 shares change hands.

A single trade of 3,500 shares in Maltapost plc was enough to shred 0.62 per cent off the equity’s share price, to close at €1.61

Retail-conglomerate, PG plc shares traded on thin volume, having witnessed a single trade of 9,100 shares at the €1.36 price level.

Malta International Airport plc share price falls to an almost 11-week low

Last Monday, the company announced that the board resolved to distribute a net interim dividend of €1,700,000 equivalent to €0.015741 net (€0.024216 gross) per ordinary share. This interim dividend will be paid on December 10 to the ordinary shareholders who were on the Company’s Register of Members as maintained at the Central Securities Depositary at the Malta Stock Exchange as at the close of business on November 30.

RS2 Software plc shares closed the week in the red, down by 1.7 per cent at €1.13. A total of 16 transactions generated a turnover of just above half a million euros.

On the same note, International Hotel Investment plc closed in negative territory, as the equity closed the week at €0.58. A total of four transactions generated a total turnover of €9,908.

Food and beverage firm, Simonds Farsons Cisk plc hit the €8.00 price level, as during Friday’s session the equity declined by 2.4 per cent.

Last Monday, GO plc announced that during its Extraordinary General Meeting it approved the Disposal of Shareholding denoted as Resolution 1. The resolution authorised the Board of the Company to dispose of a maximum of 49 per cent of the ordinary issued share capital of BMIT Technologies plc for a consideration of up to €49,000,000. The equity remained unaltered at the €3.90 price.

Oil and gas firm, Medserv plc closed the week lower by 0.83 per cent at the €1.19 price level, a total turnover of €25,808 was generated over five transactions.

In the property sector, all equities were active, with Malita Investments plc registering a gain of 2.3 per cent and closing at €0.89. Meanwhile, Malta Properties Company plc headed the list of losers, with a decline of 7.9 per cent to close at €0.525.

Following suit, Trident Estates plc shares fell by 3.2 per cent to close at €1.50, whereas MIDI plc registered a loss of 2.9 per cent to close at €0.675.

Lastly, Tigne Mall plc closed at €0.9, reflecting a 2.2 per cent decline.

Elsewhere, Plaza Centres plc closed unchanged at €1.02.

Yields of Malta Government Stocks declined as bond prices increased. In fact, 15 of the 19 active issues appreciated, while only four declined. Turnover in these securities totalled €4.31 million. The 2.4% MGS 2041 (I) recorded the largest price movement, as it gained 0.90 per cent in value, closing at €105.49.

More than half of the weekly turnover was accounted for by the 2.3% MGS 2029 (II), as six deals worth a total of €2.45 million resulted in a 0.16 per cent increase in price, to close at €107.38.

In the corporate debt market, performance was balanced between gainers and losers, as out of the 45 active issues, 12 headed north, while 19 closed in the opposite direction. Turnover was just below the €2.77 million mark. The 4.15% Phoenicia Finance Company plc Unsecured € 2023-2028 started trading on Friday, to close the week 3.5 per cent higher at €103.50.

In the Prospects MTF market, the 5.35% D Shopping Malls Finance plc 2028 was active four times, as 11,000 nominal were traded at €101.

This article, compiled by Jesmond Mizzi Financial Advisors Limited, does not intend to give investment advice and the contents therein should not be construed as such.

The company is licensed to conduct investment services by the MFSA and is a Member of the Malta Stock Exchange and a member of the Atlas Group. The directors or related parties, including the company, and their clients are likely to have an interest in securities mentioned in this article. For further information contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, or on tel: 2122 4410, or email info@jesmondmizzi.com.

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