news

Snippet
The MSE Equity Total Return Index declined by a further 0.108 per cent, adding to the
previous week’s 0.118 per cent loss, closing in the red for the fifth consecutive week at
8,598.897 points. The index registered a 0.365 per cent fall in January. Last week turnover
fell to €1.4 million from the previous week’s €2.1 million.
Simonds Farsons Cisk plc (SFC) shares decreased by €0.30 or 3.9 per cent as 13 deals of
10,792 shares were negotiated, closing at the €7.50 price level. The food and beverage
supplier’s shares recorded a 12 per cent drop in January.
SFC’s spin-off company Trident Estates plc’s (TRI) shares were admitted to listing on the
Official List of the MSE last Tuesday and commenced trading last Wednesday. As stated in
the prospectus dated December 18, the company will be seeking financing through a rights
issue of 15 million new ordinary shares of €1 planned for 2019.
The company has now announced that its three main shareholders - Farrugia Investments
Ltd, M.S.M. Investments Limited and Sciclunas Estates Limited - have signed an
undertaking agreement for the subscription of the rights issue proportionate to their
shareholding in the company at the time of the rights issue. The company also announced
that it has secured loans with a leading local bank, meaning that the Trident Park Project
can begin.
Trident shares were active on 29 trades of 132,789 and oscillated from a €1.50 low to a
€1.53 high, at which it closed. The company advanced by 23.4 per cent from its initial set
share price of €1.24.
MIDI plc shares advanced by 2.4 per cent across seven transactions of 115,700 shares,
closing at €0.348 - a three-week high. However, the property management company
registered a 2.9 per cent loss in January.
In the same sector, Malita Investments plc (MLT) shares erased the previous week’s 0.6 per
cent increase having declined by 0.6 per cent as one trade of 11,700 shares was executed,
to close at €0.84. Malita recorded a 3.1 per cent increase in January.
Plaza Centres plc shares closed unchanged at €1.02 - down 6.4 per cent in January. The
shopping mall’s equity was active on three deals of 31,000 shares. Meanwhile, Tigne Mall
plc shares traded flat at €1.05 on one trade of 1,300 shares, registering a 3.6 per cent loss
in January.
Malta Properties Company plc shares were negotiated across three transactions of 11,000
shares and closed unchanged at €0.515. January was of good month for the equity as it
appreciated by 7.3 per cent.
HSBC Bank Malta plc shares appreciated by €0.03 or 1.7 per cent as 80,733 shares were
executed over 20 transactions, to close at €1.79. The bank’s shares registered a minimal
0.2 per cent decrease last month.
Secured loans with a leading local bank
Bank of Valletta plc shares closed unchanged at €1.81 – but was up 0.6 per cent in January.
Last week banking equity once again registered the highest traded volume as 83 trades of
341,319 shares were executed.
Mapfre Middlesea plc shares slipped by a further 0.6 per cent, extending the previous
week’s loss of 1.7 per cent, having registered a decline for three consecutive weeks. The
insurance and investments services provider’s shares were active on eight deals of 12,124
shares and closed at €1.78.
Santumas Shareholdings plc shares increased by 0.7 per cent over five trades of 18,505
shares, to close at €1.51.
GO plc shares increased by 1.1 per cent across 13 deals of 16,791 shares, closing €0.04
higher at €3.56. The telecommunications services provider’s shares recorded a minimal 0.8
per cent decline in January.
GO announced that its Board is scheduled to meet on March 6, to consider and approve the
company’s audited financial statements for 2017, and to consider the declaration of a final
dividend to be recommended to the company’s Annual General Meeting.
Malta International Airport plc shares slipped by €0.14 or 2.9 per cent across 11 trades of
12,132 shares, closing at €4.76.
The local airport operator’s shares advanced by 3.4 per cent in January.
MaltaPost plc shares dropped by €0.08 or four per cent as 5,701 shares changed ownership
over three trades, closing at €1.91. The equity registering a 9.9 per cent decline in January.
Grand Harbour Marina plc shares were the worst performers having declined by 5.3 per
cent as a sole trade of 2,000 shares was concluded, to close €0.04 lower at €0.72 – an all-