The MSE Equity Total Return Index (MSE) added to the previous week’s loss, as it closed down 0.76% at 7,616.457 points. A total weekly turnover of only 0.4 million euros was generated on 89 transactions.
Of 21 active stocks, seven headed north while another 12 closed in negative territory.
Bank of Valletta plc (BOV) gave up the previous week’s gain with a drop of 1.3% to settle at €0.78.
A total of 55,229 shares were traded over 18 trades, with the share price moving between a weekly high of €0.80 and a low of €0.77.
Last Tuesday, BOV’s Board of Directors approved the annual report and financial statements for the year ended December 31, 2021.
The bank recorded a pre-tax profit of 80.7 million euros, compared to 15.2 million euros the previous year.
The bank’s underlying operating performance demonstrates a resilient revenue stream with a good recovery from the impact of the pandemic in 2020 and growth in some areas, which was partly offset by higher costs.
Total operating income increased by 4.9% to €242.9 million.
Total costs amounted to €195.6 million, an increase of €25.2 million or 14.8%, including strategy costs which increased by €7.3 million from one year to the next. The group’s total assets reach 14.4 billion euros in December 2021.
The group’s treasury investment portfolio increased by €260 million year-on-year. The increase concerns highly rated securities. Net loans and advances increased by €335.3m, or 6.9%, during the year and amounted to €5.2bn at December 31, 2021. The group’s liquidity ratio was to 444%, reflecting strong deposit growth over the year outpacing demand for loans.
Furthermore, the CET 1 ratio rose from 20.9% to 21.9%, and the total capital ratio improved from 24.5% to 25.5%. at the end of December 2021.
Malta International Airport plc (MIA) recorded the highest liquidity of €78,692.
MIA traded 13x more than 13,847 shares, recording a 3.4% decline in its stock price. Equity ended the week at €5.65.
The preferred shares of RS2 Software plc were active after seven weeks of inactivity. A single trade of 2,900 shares caused the share price to drop 0.6%, to close at the €1.68 level. Similarly, the company’s common stock fell 1.8% to end the week at €1.65, following a single trade for 1,177 shares.
Last Thursday, the board of RS2 announced that it had been informed of a shareholder’s firm intention to acquire a substantial stake, not less than 10%, from another shareholder, in RS2 Software plc .
The share price of food company Simonds Farsons Cisk plc fell 4.3% to close at €7.85.
GO plc traded flat all week until a single trade on Thursday sent the share price higher, ending the week at €3.24, up 0.6%.
Last Wednesday, GO announced that it had completed a transaction resulting in the subscription of a 76% stake in SENS Innovation Group Limited. The shares have now been issued by SENS in favor of the company, in view of which SENS has become a majority subsidiary of the company.
BMIT Technologies plc (BMIT) closed higher with a gain of 2.5%, at a price of €0.498. The stock traded six times, as 100,900 shares changed hands.
Last Thursday, BMIT announced that the company’s annual general meeting will be held remotely on May 24, 2022.
M&Z plc added a further 2% to the previous week’s gain, reaching €0.765. A total of 22,500 shares changed hands in two transactions.
Similarly, three trades in 18,248 shares of International Hotel Investments plc resulted in a 3.5% rise in price, which closed the week at €0.59.
Mapfre Middlesea plc topped the list of winners as it recorded a 5.9% increase in its price.
Equity closed at €2.14, down 7% since the start of the year. The total weekly turnover amounts to €10,914 on two operations relating to 5,100 shares.
Last Wednesday, Mapfre’s board of directors approved the audited financial statements for the year ended December 31, 2021. It decided that these audited financial statements be submitted for shareholder approval at the next general meeting on December 29, 2021. April 2022.
FIMBank plc was the worst performing stock as two trades of 16,000 shares pushed the share price up 10.7%. The bank ended the week at the $0.25 price level.
VBL plc and HSBC Bank Malta plc were active and closed unchanged at €0.254 and €0.85, respectively. A total of 10,000 VBL shares were executed in a single trade while 14,384 HSBC shares were traded in three trades.
A total of 89,614 shares of Malita Investments plc were traded across 11 trades. Equity fell by 4.5%, closing at €0.75.
Hili Properties plc was the only positive performing stock in the property sector. Shares traded lower at the €0.242 level on Thursday and rallied quickly yesterday, ending the week up 1.6% at €0.254.
AX Real Estate plc was active in a single trade of 6,000 shares, ending the week down 1.7% at €0.58. Similarly, two trades for just 1,000 shares of Trident Estates plc pushed the share price into the red to close at €1.46, down 1.4%.
Malta Properties Company plc recorded a negative price movement of 4.7%, closing at €0.505. Five trades of insignificant volume were executed.
Last Monday, MPC announced that it had entered into a sales agreement and a purchase agreement with a+ Investments Ltd. Pursuant to the agreement, the seller has promised and agreed to sell and transfer to the company which has promised to purchase and acquire an office complex in Ta’ Xbiex.
The balance of €7.7 million was paid upon signature of the deed of sale and was partly financed by bank financing obtained by SGE.
MaltaPost plc fell 4.4% to close the week at €1.10. Since the start of the year, the stock has recorded only negative weekly performances and has fallen by almost 10%. A total of 8,136 shares were traded in five trades.
Plaza Centers plc lost ground after three trades involving 21,400 shares pushed the share price up 5.6% to close the week at €0.85.
Loqus Holdings plc gained 5.7% to end the week at €0.111. A total of 2,000 shares changed ownership in a single transaction.
The MSE MGS Total Return Index fell 0.8% to 1,034.011 points. Out of 18 active issues, the 4.1% MGS 2034 (I) bond was the most liquid with a turnover of €0.9 million.
The bond closed the week at €128.94, following five trades.
The MSE Corporate Bonds Total Return Index fell 0.1% to close at 1,134.747 points.
Of the 43 active bonds, the 3.75% Premier Capital plc Unsecured €2026 had the highest turnover of €0.3m, with 11 trades executed.
Mercury Project Finance plc has announced that it has obtained regulatory approval from the MFSA for issuance and eligibility for listing on the MSE.
On the Prospects MTF market, five stocks were active out of a total of 14 trades. The most liquid bond was the €2029 5% Busy Bee Finance plc Unsecured after six trades generating €41,600 in turnover.
This article, compiled by Jesmond Mizzi Financial Advisors Limited, is not intended 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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